Explanation
Background: This legislation authorizes the Director of the Department of Development to enter into a grant agreement in an amount up to $62,000 with DR Real Estate Management, LLC and to allow for the reimbursement of eligible expenses outlined in the in grant agreement, but unable to be completed prior to the expiration of the grant agreement.
DR Real Estate Management, LLC entered into a grant agreement PO185006, in the amount of $31,000, with the City of Columbus on July, 22, 2019 to provide/interior exterior renovations for 1278 E. Main Street under the City’s Neighborhood Commercial Revitalization (NCR) Interior/Exterior Grant Program. The services performed by DR Real Estate Management, LLC included new hvac, doors, plumbing, façade/windows, flooring and tuck pointing.
DR Real Estate Management, LLC also entered into a grant agreement PO183257, in the amount of $31,000, with the City of Columbus on July 22, 2019 to provide interior/exterior renovations for 1233 E. Main Street under the City’s Neighborhood Commercial Revitalization (NCR) Interior/Exterior Grant Program. The services performed by DR Real Estate Management, LLC included new floors, doors, wall, windows and painting.
Some of the interior/exterior renovation services, as outlined in the contracts, were performed for 1278 E. Main Street and 1233 E. Main Street. The renovations, however, were not completed prior to the contract end date of July 22, 2020 and DR Real Estate Management, LLC was not reimbursed for services performed.
Emergency action is requested to allow for immediate payment for grant expenditures already completed.
Fiscal Impact: Funding for the contract is available within the Division of Economic Development 2022 General Fund Budget in an amount up to $62,000.00.
Contract Compliance: The contract compliance number for DR Real Estate Management, LLC is 029784 and it expires on 2/17/24.
Title
To authorize the Director of the Department of Dev...
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