Explanation
Background: This legislation authorizes the appropriation of $30,000.00 from the 2017 program income generated as a part of the HOME Investment Partnership Program to provide support for administration of programs in the Department of Development’s Housing Division for 2018.
HOME program income is generated from housing loan repayments, including positive cash flow loans to developers of affordable rental properties.
This legislation represents appropriation in addition to the HOME budget as outlined in the 2017 Action Plan, per Ordinance 2555-2016; however, the additional appropriation does not require a substantial amendment to the Action Plan and is in compliance with the city’s Citizen Participation Plan.
Emergency action is requested so that funds can be established at the start of the 2018 budget year.
Fiscal Impact: $30,000.00 will be appropriated from the 2017 program income generated as a part of the HOME Investment Partnership Program (Fund 2201, Project G451700) in order to provide funds for administration for Housing Division programs in 2018. The program income generated in 2017 was approximately $1,241,407 with approximately $742,805 unobligated.
Title
To authorize the appropriation of $30,000.00 from the 2017 program income generated as a part of the HOME Investment Partnership Program to provide funding for administration of programs in the Department of Development’s Housing Division for 2018; and to declare an emergency. ($30,000.00)
Body
WHEREAS, the Columbus City Council has approved the 2017 Action Plan (Ordinance 2555-2016), as required by the U.S. Department of Housing and Urban Development; and
WHEREAS, the additional appropriation proposed herein does not require a substantial amendment to the Action Plan and is in compliance with the City’s Citizen Participation Plan; and
WHEREAS, this legislation authorizes the appropriation of $30,000.00 from the 2017 program income generated as a part of the HOME Investment Partnership Program (Fund 2201, Project G451700) to provide for administration of programs in the Department of Development’s Housing Division for 2018. The program income generated in 2017 was approximately $1,241,407 with approximately $791,407 unobligated; and
Whereas, HOME program income is generated from housing loan repayments, including positive cash flow loans to developers of affordable rental properties; and
WHEREAS, these funds are being appropriated to provide funding for staff costs in the Department of Development’s Housing Division; and
Whereas, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to appropriate the aforementioned funds to avoid interruptions in program services and to fund staff in 2018, thereby preserving the public health, peace, property, safety and welfare; and NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That from the unappropriated monies and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ended December 31, 2017, the sum of $30,000.00 is appropriated in the HOME Investment Partnership Program (Fund 2201, Project G451700) in Object Class 01 Personal Services per the accounting codes in the attachment to this ordinance.
SECTION 2. That the monies appropriated in the foregoing Section 1 shall be paid upon the order of the Development Director and that no order shall be drawn or money paid except by voucher, the form of which shall be approved by the City Auditor.
SECTION 3. That the funds are hereby deemed appropriated and expenditures and transfers authorized to carry out the purposes of this ordinance and the City Auditor shall establish such accounting codes as necessary.
SECTION 4. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby 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.