Explanation
Background:
Ordinance 3297-2021 authorized the expenditure of $475,000 from the Development Taxable Bond Fund 7739 to the Linden home rehabilitation program with Healthy Neighborhoods Healthy Families Realty Collaborative (HNHF) from the Department of Neighborhoods General Fund to continue the Healthy Neighborhoods Healthy Families Realty Collaborative (HNHF) home rehabilitation program in the Linden community. HNHF will continue to administer an exterior home rehabilitation program on behalf of the Department of Neighborhoods in alignment with the One Linden community plan.
This ordinance is needed to authorize the amendment of ordinance number 3297-2021 to include the reduction of appropriation and transfer of $475,000 from the Development Taxable Bond Fund 7739 from project P480102-100000 to P480104-100000.
Fiscal Impact: Funding for this agreement is budgeted within the 2021 Capital Improvement Budget within Fund 7739 Development Taxable Bonds and the Department of Neighborhoods General Fund budget within Fund 1000. A transfer of funding is required.
Emergency Justification: Emergency action is requested to allow for the immediate execution of this contract in order to advance community plan implementation and begin construction.
Title
To amend ordinance number 3297-2021 to include the reduction of appropriation and transfer of $475,000 from the Development Taxable Bond Fund 7739 from project P480102-100000 to P480104-100000; to amend the 2021 Capital Improvement Budget; to authorize the transfer of cash within the Development Taxable Bond Fund; and to declare an emergency.
Body
WHEREAS, it is necessary to amend ordinance 3297-2021 to include the transfer of $475,000 to cover the negative balance; and
WHEREAS, the City commissioned a comprehensive community plan in an effort to revitalize the Linden community; and
WHEREAS, it is necessary to amend the 2021 Capital Improvement Budget; and
WHEREAS, it is necessary to transfer cash between projects within the Development Taxable Bond Fund; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Neighborhoods in that it is immediately necessary to amend ordinance 3297-2021 to include the transfer of $475,000 to cover the negative balance to expedite construction, 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 2021 Capital Improvement Budget be amended as follows:
Fund / Project / Project Name / Current / Change / Amended
7739/P480102-100000/Milo Grogan Underpass /$475,000 / ($475,000) / $0
7739/P480104-100000/Linden Exterior Home Rehab/ $0 / $475,000 / $475,000
SECTION 2. To reduce appropriation totaling $475,000 in Project 480102 or so much thereof as may be needed, is hereby authorized within the Development Taxable Bond Fund 7739 per the account codes in the attachment to this ordinance.
SECTION 3. That the transfer of $475,000.00 or so much thereof as may be needed, is hereby authorized within the Development Taxable Bond Fund 7739 per the account codes in the attachment to this ordinance.
SECTION 4. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated and the City Auditor shall establish such accounting codes as necessary.
SECTION 5. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modification associated with this ordinance.
SECTION 6. That the City Auditor is hereby authorized to transfer the unencumbered balance in a project account to the unallocated balance account within the same fund upon receipt of certification by the Director of the Department administering said project that the project has been completed and the monies are no longer required for said project.
SECTION 7. 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.