Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into contract with the Columbus Compact Corporation. This contract will provide $109,350.00 from the Community Development Block Grant Fund to support the administrative activities and responsibilities of the Columbus Empowerment Zone. The Columbus Compact Corporation is the governing body and implementation agent for the Columbus Empowerment Zone. The 14 square mile Empowerment Zone received in 1999 an U.S. Department of Housing and Urban Development designation because it met federal criteria for "pervasive poverty, unemployment, and general distress." The activities and responsibilities of the Columbus Compact Corporation focus primarily on the promotion of economic opportunity, neighborhood life, and community values and cultural life.
This ordinance is presented as an emergency to ensure the continuation of the activities and responsibilities administered by the Columbus Compact Corporation. The City is mandated to provide a cash-match to the Compact as part of the requirements of maintaining the HUD-Empowerment Zone grant.
FISCAL IMPACT: Funds for this contract are allocated from the 2005 Community Development Block Grant Fund.
Title
To authorize the Director of the Department Development to enter into contract with the Columbus Compact Corporation to support the administrative activities and responsibilities of the Columbus Enterprise Community; to authorize the expenditure of $109,350.00 from the 2005 Community Development Block Grant Fund; and to declare an emergency. ($109,350.00)
Body
WHEREAS, the U.S. Department of Housing and Urban Development awarded Empowerment Zone designation to the City of Columbus in January 1999; and
WHEREAS, the City of Columbus agreed to carry out the Columbus Empowerment Zone Strategic Plan in the Memorandum of Agreement executed on June 16, 1999 between the City of Columbus, and...
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