Explanation
BACKGROUND:
City Council amended the 2005 budget to create a $2 million Job Growth Initiatives Fund. The Columbus Urban Growth Corporation has created over 100 jobs within the past 4 years and has the ability to create additional jobs as a result of the numerous economic development projects now underway a through their organization.
The need exists to enter into an administrative contract with the Columbus Urban Growth Corporation for the purpose of increasing commercial and industrial development activities, primarily within the core central city, thereby creating new jobs in the City of Columbus.
Emergency action is requested so that the contract with the Columbus Urban Growth Corporation can be executed immediately. This will allow implementation of the organization's economic development projects to continue uninterrupted and for essential staff to be retained.
FISCAL IMPACT:
The funding for this contract will come from $172,000 for this contract will be transferred from the $2 million Job Growth Initiatives Fund. In 2004, $172,000 was allocated to the Columbus Urban Growth Corporation for administrative costs. This legislation will allocate $172,000 for administrative costs from March 1, 2005 through February 28, 2006.
Title
To authorize the appropriation of transfer of $172,000 from the Department of Finance to the Development Department within the Jobs Growth Fund; to authorize the Director of the Department of Development to enter into a contract with the Columbus Urban Growth Corporation; to authorize the expenditure of $172,000 from the General Fund Jobs Growth Fund. ; and to declare an emergency. ($172,000.00).
Body
WHEREAS, the development of the central city is an objective of the Department of Development and in the best interest of the City as a whole; and
WHEREAS, the Columbus Urban Growth Corporation was organized to increase the commercial and industrial development activities and investment in the core city and augments this effort with greater community involvement, a community-based board of trustees, and a mission to ensure comprehensive community building; and
WHEREAS, the City desires to engage the services of the Columbus Urban Growth Corporation; and
WHEREAS, emergency action is necessary to allow the Columbus Urban Growth Corporation to continue their economic development activities uninterrupted; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to transfer funds and enter into the contract with the Columbus Urban Growth Corporation to ensure the uninterrupted implementation of the organization's economic development projects and the retention of essential staff all for the preservation of the public health, peace, property, safety and welfare; and NOW THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor be and is hereby authorized and directed to appropriate $172,000 in the Jobs Growth Fund, Fund 015 transfer $172,000 within the General Fund, from the Department of Finance, Department 45, Objective Level One 10, Object Level Three 5501, OCA 904508, to the Development Department, Economic Development Division, Division No. 44-02, Object Level One 03, Object Level Three 3337, OCA Code 440215 440314.
Section 2. That the Director of Development is hereby authorized to enter into a contract, to be effective March 1, 2005, with the Columbus Urban Growth Corporation for the purpose of increasing commercial and industrial development activities, primarily within the core city.
Section 3. That the expenditure of $172,000.00 or so much thereof as may be necessary, be and is hereby authorized to be expended from the Department of Development, Economic Development Division No. 44-02, Jobs Growth Fund, Fund 015, General Fund, Fund 010, Object Level One 03, Object Level Three 3337, OCA Code 440215 440314.
Section 4. That this contract is awarded in accordance with Chapter 329.15 of the Columbus City Codes, 1959.
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 passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.