Explanation
1. BACKGROUND
This ordinance authorizes the Director of the Department of Technology to enter into a Grant Agreement (Agreement) with Rise Together Innovation Center, Inc. dba Rise Together Innovation Institute, an Ohio nonprofit corporation. The purpose of this agreement is to provide funding to the Rise Together Innovation Center (Center).
The Rise Together Innovation Center was established to assist in compiling the recent countywide poverty assessment and strategic plan, entitled the “Rise Together Blueprint for Reducing Poverty in Franklin County” (or “Blueprint"). As part of this effort, the Community Information Exchange (CIE) was created. The CIE is a key player in the continued development and implementation of the “Blueprint,” with Columbus holding one of fifteen seats on CIE’s executive committee. This committee member is appointed by the Mayor.
The above-referenced Agreement authorizes the City of Columbus to provide a total of $5,000,000.00 to the Rise Together Innovation Center to assist in the efforts stated therein. These funds will be encumbered for three years with passage of this ordinance and released over that same time period, with $1,500,000.00 being provided to the Center during the first year.
This ordinance also authorizes the transfer of $5,000,000.00 within the general fund, from the Finance Department’s general fund citywide account to the Department of Technology. These funds will then be subsequently appropriated to the Department of Technology. Finally, the total expenditure of $5,000,000.00, over a three year period, for the above described purpose from the appropriated moneys is authorized.
2. FISCAL IMPACT
$5,000,000.00 is available and budgeted in the Finance Department’s general fund citywide account to accommodate the requested transfer and appropriate to the Department of Technology.
3. CONTRACT COMPLIANCE
Rise Together Innovation Center will have an active contract compliance number before the grant is exe...
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