Explanation
1. BACKGROUND
The purpose of this ordinance is to authorize the Director of the Department of Public Service to enter into a grant agreement with The Ohio State University Foundation in support of the Columbus Transportation Leadership Endowment Fund. The purpose of the endowment is to provide one or more scholarships to undergraduate students who are majoring in the field of engineering from the Department of Civil, Environmental and Geodetic Engineering. As a part of the grant agreement, the City desires that when awarding these scholarships special consideration be given to candidates who are members of organizations recognized by the University that are open to all and whose missions seek to advance the need of historically underserved populations in the field of engineering such as the Minority Engineering Program and Women in Engineering.
The Ohio State University’s mission and admissions policy supports educational diversity. The University may modify any criteria used to select scholarship recipients should the criteria be found, in whole or in part, to be contrary to federal or state law or University policy.
Scholarship recipients, the number of recipients, and amount of each scholarship shall be determined in accordance with the then current guidelines and procedures for scholarship administration established by the College, in consultation with Student Financial Aid and the College’s office of Diversity, Outreach & Inclusion.
2. FISCAL IMPACT
This is a one-time cash grant for a total of $150,000 and funding is available within the Department of Public Service Street Construction, Maintenance and Repair fund. These Funds are eligible to be included in the Scarlet & Gray Advantage Endowed Matching Program (“Matching Program”). Under the Matching Program, any endowed grant of at least $100,000 that supports undergraduate scholarships and assists with the cost of attendance is eligible to receive matching funds from the University.
3....
Click here for full text