Explanation
BACKGROUND: The Columbus Downtown Development Corporation (CDDC) is a private, 501(c)(3) not for profit corporation, it is governed by a 15-member board of directors, of whom 14 are appointed by the Mayor of Columbus with the confirmation of the Columbus City Council, and one is appointed by Franklin County. The CDDC is sustained by annual financial commitments of each board member, as well as the City of Columbus and Franklin County. Moreover, the CDDC will continue to 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, modifying the plan as necessary in response to changes in circumstance, need, and policy leadership over time and broadening and maintaining support for the plan.
This legislation authorizes the Director of Development to enter into an agreement with CDDC. Under this agreement the CDDC will implement and oversee downtown development projects and programs as well as forge public-private partnerships with the goal of generating private investment for downtown.
Emergency action is requested to allow the CDDC to continue the administration of the above activities without interruption.
FISCAL IMPACT: This legislation authorizes the transfer of $114,810 within the Development Department, General Fund to provide funds to enter into an agreement with the Columbus Downtown Development Corporation.
Title
To authorize the transfer of $114,810 within the Development Department, General Fund; to authorize the Director of the Department of Development to enter into an agreement with the Columbus Downtown Development Corporation; to authorize the expenditure of $114,810 from the General Fund; and to declare an emergency. ($114,810)
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 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, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to transfer said funds and to enter into contract with the Columbus Downtown Development Corporation to continue the administration of the above activities without interruption, all for the immediate preservation of 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 City Auditor is hereby authorized and directed to transfer $114,810 within the Department of Development, Economic Development Division, Division 44-02, General Fund, Fund 010, as follows:
FROM:
Division 44-02 / OL1 05 / OL3 5513 / OCA 440314 / Amount $114,810
TO:
Division 44-02 / OL1 03 / OL3 3336 / OCA 442021 / Amount $114,810
Section 2. That the Development Director is hereby authorized to enter into an agreement with the Columbus Downtown Development Corporation.
Section 3. That the expenditure of $114,810, or so much thereof as may be necessary, from the Department of Development, Economic Development Division, Division 44-02, General Fund, Fund 010, OCA Code 442021, 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 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.