Explanation
Background: The City of Columbus owns Genoa Park immediately east of COSI along with the building that COSI operates which is located at 333 W. Broad St., Columbus, Ohio, 43215. The City has determined that it is in their best interest to enter into an agreement with the Franklin County Historical Society (dba COSI) for the purposes of operational subsidy assistance related to the Broad St. construction project and surrounding grounds. In order to offest any loss of revenue related to the construction project, it is necessary for the City and COSI to enter into this agreement for the purposes of setting forth the terms and conditions therein.
Principal Parties:
Franklin County Historical Society (dba COSI)
Contract Compliance is #314383802
This is a non-profit organization.
Fiscal Impact: $725,138.00 is budgeted and available in the 2017 Recreation and Parks Operating Fund 2285 to meet the financial obligation of this agreement.
Title
To authorize and direct the Director of Recreation and Parks to enter into an agreement with the Franklin County Historical Society (dba COSI); to authorize the expenditure of $725,138.00 from the Recreation and Parks Operating Fund. ($725,138.00).
Body
WHEREAS, it is necessary to enter into an agreement with the Franklin County Historical Society (dba COSI) for the purposes of operational subsidy assistance related to the Broad St. construction project and surrounding grounds in order to offest any loss of revenue related to the construction project; and
WHEREAS, it is necessary to authorize the expenditure of $725,138.00 from the Recreation and Parks Operating Fund; and
WHEREAS, this contract is established pursuant to the provisions of Chapter 329 that relate to not-for-profit service contracts;
WHEREAS, it has become necessary in the usual daily operation of the Department of Recreation and Parks to authorize the Director to enter into an agreement with COSI for the public health, safety and welfare; NOW, THEREFORE
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of Recreation and Parks is hereby authorized and directed to enter into an agreement with Franklin County Historical Society (dba COSI) to offest any loss of revenue related to construction.
SECTION 2. That this contract is awarded pursuant to the provisions of Chapter 329 that relate to not-for-profit service contracts.
SECTION 3. That the expenditure of $725,138.00 or so much thereof is hereby authorized from the Recreation and Parks Operating Fund as follows to pay the cost thereof.
DAX Funding information attached.
SECTION 4. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this legislation.
SECTION 5. That this Ordinance shall take effect and be in force from and after the earliest period allowed by law.