Explanation
BACKGROUND: In 2009 the City of Columbus was awarded Neighborhood Stabilization Program 2 (NSP2) grant funds under the American Reinvestment and Recovery Act of 2009 (Public Law 111-005) (Recovery Act) from the U.S. Department of Housing and Urban Development (HUD). The funds provided for the acquisition, rehabilitation, redevelopment or demolition of foreclosed, abandoned and vacant properties in order to stabilize neighborhoods and stem the decline of housing values.
This ordinance authorizes the Director of the Department of Development to enter into a contract with the Mid-Ohio Regional Planning Commission (MORPC) to implement eligible activities for the Neighborhood Stabilization Program including the acquisition, demolition, rehabilitation or redevelopment of foreclosed, abandoned and vacant properties, on the basis of the appropriation and expenditure of $314,029.77 from unappropriated NSP2 program income funds.
It is requested that this legislation be declared an emergency so that funds can be expended on eligible projects in a timely manner.
FISCAL IMPACT: This ordinance authorizes the appropriation and expenditure of $314,029.77 for Neighborhood Stabilization Program eligible projects and activities. Funding is NSP2 program income received by the Department of Development from NSP2 completed projects.
Title
To authorize the Director of the Department of Development to enter into contract with the Mid-Ohio Regional Planning Commission for the implementation of eligible activities for the Neighborhood Stabilization Program; to authorize the appropriation and expenditure of $314,029.77 from the Government General Grant Fund; and to declare an emergency. ($314,029.77)
Body
WHEREAS, this legislation authorizes the appropriation and expenditure of $314,029.77 of NSP2 Program Income from the General Government Grant Fund to provide funding for the Department of Development obligations and expenses relating to the Neighborhood Stabiliz...
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