41-96 Establish Division of Community Development

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PLEASE SUBSTITUTE FOR ORDINANCE No.41-96 PLACED ON 1ST READING & REFERRED TO COMMITTEE OF THE WHOLE 11/4/96; PLACED ON 2ND READING ON 11/18/96. ORDINANCE NO. 41-96 BY: AN EMERGENCY ORDINANCE establishing a Division of Community Development (DCD) within the Department of Planning and Development to administer Lakewood's Low Interest Loan Programs and other rehabilitation and development programs. WHEREAS, Council shall, by ordinance, provide for the organization of the Department &Planning and Development, and WHEREAS, Council shall have the power to establish, by ordinance, additional Divisions as the public service may require, and WHEREAS, the Community Development Corporation of Lakewood (CDC), an existing non-profit corporation, currently receives Community Development Block Grant (CDBG) fimding directly and solely from the City as authorized by the U.S. Department of Housing and Urban Development (HUD), and WHEREAS, Council is of the opinion that such grant dollars can be administered more effieiemly by the DCD than through the existing CDC, thereby increasing the resources available for improving the quality &housing and property values in LakeWood through rehabilitation and other development programs, and WHEREAS, Council affirms the continued worth and merit of Lakewood's Low Interest Loan programs and other rehabilitation and development programs as critical to the future of Lakewood, and WHEREAS, Council and the Mayor, as members individually of the CDC, desire to voluntarily dissolve and wind up the affairs of the non-profit corporation and facilitate the transfer of all assets, interests and authority to the newly formed DCD, and WHEREAS, this ordinance constitutes an emergency measure providing for the immedime prevention &the public safety and welfare and for the usual daily operation of a municipal department; now, therefore, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That a Division of Community Development be established, effective January 1, 1997, within the Department of Planning and Development to administer Lakewood's Low Interest Loan Program and other rehabilitation and development programs for the public welfare purpose of enhancing the economic and physical resources of the City of Lakewood and its residents. Section 2. That the members of the CDC voluntarily dissolve and wind up the affairs of the non-profit corporation and facilitate the transfer of all assets, interests and authority of the CDC to the newly formed DCD. Section 3. That the Board of Trustees of the existing CDC remain a volunteer governing body charged with the authority, oversight and discretion necessary and proper to administer any and ail loan decisions made under the programs &the DCD, effective January 1, 1997. Such Board shall also serve as a program advisory board to the Department of Planning and Development to promote future programming to benefit Lakewood. This governing body shall be titled the "Loan Approval Board for the Division of Community Development", and all Board functions of a magisterial, representative or fiduciary character shall comply with the policies and procedures of the Department of Planning and Development, the Codified Ordinances of the City of Lakewood, and the laws of the State of Ohio.