Explanation
BACKGROUND: This legislation will authorize additional funds for the second year of a two-year contract with AmeriNational Community Services, Inc. The current contract began March 1, 2014 and expires on February 28, 2016. The contract provides servicing of housing and commercial loans for primarily the Community Development Block Grant (CDBG), Community Development Block Grant Recovery (CDBG-R) Programs, Home Investment Partnership Program (HOME), and the Neighborhood Stabilization Program (NSP) grants.
This ordinance is contingent upon the passing of Ordinance 0256-2015 CDBG Appropriation.
Competitive bids were solicited for this service through VendorServices (commodity codes 94660 and 94649) in 2011. The 2011 Mortgage Loan Servicing RFP provides for four two-year contract periods.
One firm responded and was selected (AmeriNational Community Services, Inc).
Contract Compliance Number is 41-1951655 and expires November 22, 2015.
This legislation is submitted as an emergency measure to ensure uninterrupted servicing of the loan portfolios.
FISCAL IMPACT: AmeriNational Community Services, Inc. receives a service fee based upon the loans serviced each month. The total amount to be authorized for the second year of this two-year contract is $118,260. This ordinance is contingent upon the passage of the CDBG appropriation (Ordinance #0256-2015) scheduled to appear before council on 2/2/2015. NSP-1 grant funds were appropriated on January 26, 2009 (Ordinance #0007-2009), and NSP-2 grant funds were appropriated on June 7, 2010 (Ordinance #0800-2010). The amount of funds spent on the contract for the past two completed terms was approximately $108,912 in 2012 and $92,715 in 2013.
Title
To authorize the director of the Department of Finance and Management to expend $118,260.00 or so much thereof as may be necessary from the Community Development Block Grant Fund (CDBG) and the Neighborhood Stabilization Program (NSP) grants; to fund the second year of a two-year contract with AmeriNational Community Services, Inc. which provides servicing of housing and commercial loans; and to declare an emergency. ($118,260.00)
Body
WHEREAS, it is desirous to provide the funds for the second year of the two-year contract entered into with AmeriNational Community Services, Inc. for the servicing of housing and commercial loans under the Community Development Block Grant (CDBG), HOME Investment Partnerships Program grant, and Neighborhood Stabilization Program (NSP) grants; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Finance and Management in that it is immediately necessary to fund the second year of a contract with AmeriNational Community Services, Inc. to ensure uninterrupted servicing of loan portfolios, thereby preserving the public health, peace, property, safety, and welfare; Now, Therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor is hereby authorized to reduce EL015402/003 by $9,535 and EL015402/004 by $3,725 to provide NSP funding for year two of a two-year contract.
SECTION 2. That the Director of the Department of Finance and Management is hereby authorized to expend $118,260 for the second year of a two-year contract with AmeriNational Community Services, Inc., as follows:
Fund 248: Object Object
Subfund Level 1 Level 3 OCA Amount
001 03 3336 451504 $90,000
002 03 3336 451506 $15,000
Fund 220:
Grant
440500 03 3336 450500 $9,535
451036 03 3336 451039 $3,725
Total: $118,260
SECTION 3. That this contract was awarded in accordance with relevant provisions of Columbus City Code, Chapter 329.
SECTION 4. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.