Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into an agreement with the Young Women’s Christian Association (“YWCA”). The funds provided by the agreement will be used to undertake the necessary repairs of the YWCA Griswold Building at 65 South Fourth Street which is a permanent supportive housing project targeted to single women. The YWCA Griswold Building is a project under the City of Columbus’ five year commitment to provide $6,000,000 in funding over a five year period for the Rebuilding Lives Program which provides permanent supportive housing. It is anticipated that $3,000,000 of the $6,000,000 commitment will be provided from bond funds with the remaining funds to come from the City’s allocation of HOME Investment Partnership Funds. This legislation authorizes the expenditure of $650,000.00 of bond funds to Young Women’s Christian Association for necessary repairs to the YWCA Griswold building.
Emergency action is necessary to allow for Young Women’s Christian Association to immediately begin the needed repairs.
FISCAL IMPACT: Funding is from the 2013 Housing Preservation Fund (Rebuilding Lives) - 2013 Capital Improvement Budget.
Title
To authorize the Director of the Department of Development to enter into an agreement with the Young Women’s Christian Association for necessary repairs of the YWCA Griswold Building permanent supportive housing project; to authorize the expenditure of $650,000.00 from the 2013 Housing Preservation Fund; and to declare an emergency. ($650,000.00)
Body
WHEREAS, the Department of Development, Housing Division desires to administer a 2013 Housing Preservation Fund (Rebuilding Lives) from city bond proceeds within 2013 Capital Improvements Budget; and
WHEREAS, the Department of Development desires to enter into an agreement with the Young Women’s Christian Association and to expend $650,000.00 in bond proceeds; and
WHEREAS, these monies will be used ...
Click here for full text