Explanation
Background:
This legislation authorizes the Director of the Department of Neighborhoods to enter into a grant agreement with Community Shares of Mid-Ohio in support of Hilltop Rise Economic Community Development Corporation. The establishment of this organization is in alignment with the Envision Hilltop Plan through its mission to promote vital economic development and community investment on The Hilltop for residents and business owners.
Hilltop Rise Economic Community Development Corporation is a new non-profit Economic Community Development Corporation with a mission to expand economic opportunities to build and sustain wealth for the Greater Hilltop region. Hilltop Rise Economic Community Development Corporation is working to build a Hilltop community where entrepreneurs, youth, workers, and individuals have the tools and opportunities to effectively build vibrant neighborhoods, successful businesses, and healthy, resilient families.
Funding from the City of Columbus Department of Neighborhoods and the Neighborhood Initiatives subfund will be used to support the administrative costs for the startup of the Hilltop Rise Economic Community Development Corporation, in addition to the personnel costs associated with the hiring of an Executive Director.
Fiscal Impact: Funding is available within the Department of Neighborhoods general fund and the Neighborhood Initiatives subfund.
Emergency Justification: Emergency action is requested in order to avoid a delay in providing the necessary funding resources for the establishment of Hilltop Rise Economic Community Development Corporation.
Title
To authorize the Director of the Department of Neighborhoods to enter into a grant agreement with Community Shares of Mid-Ohio in support of Hilltop Rise Economic Community Development Corporation; to authorize an expenditure within the general fund; to authorize an appropriation and expenditure from the Neighborhood Initiatives subfund; and to declare an emergency...
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