Explanation
BACKGROUND
This legislation authorizes the Director of the Department of Development to enter into a Grant Agreement with Columbus Downtown Development Corporation in an amount up to $1,200,000.00 for the purpose of targeting central city areas to advance economic and community development initiatives; work with community leaders to expand affordable housing opportunities; work to increase office occupancy in the downtown area; and reimagine key development sites within the downtown area.
Columbus Downtown Development Corporation (CDDC) is a private, non-profit development corporation with a mission to lead city-changing projects in the heart of Ohio's capital city. CDDC helped lead the creation of the 2010 Downtown Columbus Strategic Plan. This plan established a thoughtful roadmap, and together, we elevated the quality, vitality, and success of Downtown. Now, 14 years later, CDDC is working with community leaders to effectuate the 2022 Downtown Columbus Strategic Plan which explored expanding affordable housing opportunities, increasing office occupancy, reimagining key development sites, and cultivating connectivity between Downtown and adjacent areas.
FISCAL IMPACT: Funding is available in Neighborhood Economic Development Fund (2237).
CONTRACT COMPLIANCE: the vendor number is 010217 and expires 6/8/2024.
Title
To authorize the Director of Development to enter into a grant agreement with the Columbus Downtown Development Corporation in an amount up to $1,200,000.00 for the purpose of targeting central city areas to advance economic and community development initiatives; to authorize the appropriation and expenditure of up to $1,200,000.00 from the Neighborhood Economic Development Fund; to advance funding per a predetermined schedule. ($1,200,000.00)
Body
WHEREAS, the Department of Development desires to enter into a Grant Agreement with CDDC for the purpose of targeting central city areas to advance economic and communit...
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