Explanation
BACKGROUND:
This legislation authorizes the Director of the Department of Development to enter into contracts with various neighborhood business organizations in the Neighborhood Commercial Revitalization (NCR) Program areas throughout Columbus. The total amount of these contracts is $152,330.
The Neighborhood Economic Development Fund (NEDF) provides a funding source that enables business organizations to develop and implement economic development projects as an additional stimulus for the Neighborhood Commercial Revitalization (NCR) Program. Funded projects must address only NCR district needs and cannot duplicate other available programs/services.
This legislation authorizes the expenditure of $152,330 for the above referenced purpose.
Emergency action is necessary to allow the neighborhood business organizations to provide services to the business community uninterrupted.
FISCAL IMPACT:
Funding for the Neighborhood Economic Development Fund will consist of $152,330 from the 2008 Community Development Block Grant program.
Title
To authorize the Director of the Department of Development to enter into various contracts for the development and strengthening of neighborhood business organizations; to authorize the expenditure of $152,330 from the 2008 Community Development Block Grant Fund; and to declare an emergency. ($152,330)
Body
WHEREAS, the City of Columbus established the Neighborhood Commercial Revitalization (NCR) Program in 1981; and
WHEREAS, the Department of Development wishes to provide a funding source, as an additional stimulus to the NCR program, to enable business organizations to develop and implement economic development projects; and
WHEREAS, additional support to neighborhood business groups is necessary to expand their scope of promotional, organizational and business investment in the NCR areas; and
WHEREAS, active neighborhood business organizations can encourage private investment in the NCR areas; and
WHEREAS, emergency action is necessary to allow the neighborhood business organizations to provide services to the business community uninterrupted; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to continue a neighborhood business organization support mechanism, known as the Neighborhood Economic Development Fund, in order to preserve 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 Director of the Department of Development is hereby authorized and directed to enter into various contracts with neighborhood business associations as listed in Section 3 in conjunction with the Neighborhood Economic Development Fund.
Section 2. That these contracts are awarded pursuant to Section 329.15 of the Columbus City Codes, 1959, as amended.
Section 3. That for the purpose as stated in Section 1, the expenditure of $152,330 or so much thereof as may be necessary, be and is hereby authorized to be expended from the Community Development Block Grant Fund, Department of Development, Economic Development Division, Division No. 44-02, Fund No.248, Subfund 001, Object Level One 03, Object Level Three 3336, OCA 498019 as follows:
ASSOCIATION AMOUNT
East Fifth Avenue Business Association $2,436
Franklinton Board of Trade $27,616
Hilltop Business Association $14,250
Greater Linden Business Network $2,436
Long Street Business Association $12,996
Mt Vernon Avenue District Improvement Association $12,996
Parsons Avenue Merchant Association $21,118
Short North Business Association $29,241
University Community Business Association $29,241
Total Allocation $152,330
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.