Explanation
Background
A separate Columbus Recreation and Parks Foundation to support the mission of the department is in the process of being established. The Columbus Recreation and Parks Fund is an initial step to provide seed money for the establishment of the Foundation. Staff has been meeting with a number of organizations and corporations to seek support for the establishment of the Foundation. Once the Foundation is established, the Columbus Recreation and Parks Fund will become part of the Foundation and will continue to be managed by The Columbus Foundation.
The initial deposit to the fund will be $13,600.00 A four-member committee consisting of the Director of the Columbus Recreation and Parks Department, the President of the Columbus Recreation and Parks Commission, the Vice-President of the Columbus Recreation and Parks Commission, and the City Council Recreation and Parks Committee Chair shall oversee the funds and make recommendations to The Columbus Foundation for the distribution of those funds.
This ordinance is needed to authorize the Director of Recreation and Parks to enter into an agreement with The Columbus Foundation to establish the fund known as The Columbus Recreation and Parks Foundation Fund.
This ordinance is submitted as an emergency so as to allow contributions to be received as soon as possible.
FISCAL IMPACT:
This legislation does not obligate the City for any expenditure.
Title
To authorize the Director of the Recreation and Parks Department to enter into an agreement with the Columbus Foundation for the establishment and management of an endowment fund to be known as the Columbus Recreation and Parks Foundation Fund; and to declare an emergency.
Body
WHEREAS, The Columbus Recreation and Parks Foundation Fund, a fund to be established at The Columbus Foundation by the Columbus Recreation and Parks Department, will accept public, corporate and private donations, and will distribute funds to various org...
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