City of Columbus - File #: 0842-2006

• File #: 0842-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/26/2006
• In control: Jobs and Economic Development Committee
• On agenda: 6/5/2006
• Final action: 6/8/2006
• Title: To authorize the appropriation of $114,810 from the Capital South Fund; to authorize the Director of the Department of Development to enter into an agreement with the Columbus Downtown Development Corporation; and to authorize the expenditure of $114,810 from the Capital South Fund. ($114,810.00)

Date	Ver.	Action By	Action	Result
6/8/2006	1	ACTING CITY CLERK	Attest
6/7/2006	1	MAYOR	Signed
6/5/2006	1	Columbus City Council	Approved	Pass
6/5/2006	1	COUNCIL PRESIDENT	Signed
5/22/2006	1	Columbus City Council	Read for the First Time
5/2/2006	1	CITY ATTORNEY	Reviewed and Approved
5/2/2006	1	Dev Drafter	Sent to Clerk's Office for Council
5/1/2006	1	FINANCE DIRECTOR	Reviewed and Approved
5/1/2006	1	Dev Drafter	Sent for Approval
5/1/2006	1	Auditor Reviewer	Reviewed and Approved
5/1/2006	1	CITY AUDITOR	Reviewed and Approved
5/1/2006	1	Dev Drafter	Sent for Approval
4/28/2006	1	Finance Reviewer	Reviewed and Approved
4/27/2006	1	Dev Drafter	Sent for Approval
4/27/2006	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
4/27/2006	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND:    

This legislation authorizes the Director of Development to enter into an agreement with the Columbus Downtown Development Corporation (CDDC). Under this agreement the CDDC will continue to implement and oversee downtown development projects and programs as well as forge public-private partnerships so that limited public dollars will leverage more substantial private sector investments. The CDDC is responsible for implementing those ideas put forth in the Mayors Strategic Business Plan for Downtown Columbus and modifying the plan as necessary in response to changes in circumstance.

FISCAL IMPACT:

This legislation authorizes the appropriation of $114,810 from the Capital South Fund to provide funds to enter into an agreement with the Columbus Downtown Development Corporation.

Title

To authorize the appropriation of $114,810 from the Capital South Fund; to authorize the Director of the Department of Development to enter into an agreement with the Columbus Downtown Development Corporation; and to authorize the expenditure of $114,810 from the Capital South Fund. ($114,810.00)

Body

WHEREAS, the Director of the Department of Development desires to enter into an agreement with the Columbus Downtown Development Corporation; and

WHEREAS, under this agreement the Columbus Downtown Development Corporation will continue to implement and oversee downtown development projects and programs as well as forge public-private partnerships with the goal of generating private investment for downtown; and

WHEREAS, the CDDC is responsible for implementing those ideas put forth in the Mayors Strategic Business Plan for Downtown Columbus and modifying the plan as necessary in response to changes in circumstance; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:

Section 1.      That from the unappropriated monies in the Capital South Fund, and from any and all sources unappropriated for any other purpose during the fiscal year ending December 31, 2006, the sum of $114,810.00 be and is hereby appropriated to the Department of Development, Department No. 44-01, Fund 481, Object Level One 03, Object Level Three 3336, OCA Code 441481.

Section 2.        That the Development Director is hereby authorized to enter into an agreement with the Columbus Downtown Development Corporation to support the implementation and oversight of downtown development projects.

Section 3.            That the expenditure of $114,810, or so much thereof as may be necessary, from the Department of Development, Downtown Development Office, Division 44-01, Capital South Fund, Fund 481, OCA Code 441481, Object Level One 03, Object Level Three 3336 for the aforesaid purpose is hereby authorized.

Section 4.            That this contract is awarded pursuant to Section 329.15 of the Columbus City Codes, 1959, as amended.

Section 5.        That this ordinance shall take effect and be in force from and after the earliest period allowed by law.