City of Columbus - File #: 2576-2025

• File #: 2576-2025
• Version: 1
• Type: Ordinance
• Status: Council Office for Signature
• File created: 9/22/2025
• In control: Economic Development & Small and Minority Business Committee
• On agenda: 10/6/2025
• Title: To authorize the Director of the Department of Development to enter into a grant agreement with the Community Partners Youth Development Organization, Inc., an Ohio nonprofit corporation, in an amount of up to $1,000,000.00 for construction expenses at 1878-1890 E. Main Street; to authorize the appropriation of funds within the Income Set Aside Subfund and the Development Taxable Bonds Fund; to authorize the transfer of cash between the Income Tax Set Aside Subfund and the Development Taxable Bond Fund; to authorize the expenditure within the Development Taxable Bonds Fund in an amount up to $1,000,000.00; to allow for payment of grant funds on a predetermined schedule; to allow reimbursement of expenses incurred prior to the creation of the purchase order; and to declare an emergency. ($1,000,000.00)

Date	Ver.	Action By	Action	Result
10/6/2025	1	Columbus City Council

Explanation

BACKGROUND
This legislation authorizes the Director of the Department of Development to enter into a grant agreement with Community Partners Youth Development Organization, Inc. (dba Columbus Center of Entrepreneurial Development or COED), an Ohio nonprofit corporation, in an amount of up to $1,000,000.00 for construction costs at 1878-1890 E. Main Street. Approval is also requested to advance funding per a pre-determined schedule to be included in the agreement and reimbursement of construction expenses incurred prior to execution of the purchase order, starting January 1, 2025.

COED focuses on improving major deficiencies within the entrepreneurial ecosystem with a particular focus as it pertains to underserved entrepreneurs. The renovated historic icehouse at 1878-1890 E. Main Street was redeveloped into a multi-use facility including offices, co-working spaces, an event space, a fitness center, and business incubators.

EMERGENCY DESIGNATION: To ensure that construction is not delayed, emergency action is requested.

CONTRACT COMPLIANCE
Community Partners Youth Development Organization, Inc.’s vendor number is 043748 and contract compliance expires on 05/06/2027.

FISCAL IMPACTS
Funding for this project will not be available to the Department of Development until the bonds are sold related to the 2025 Capital Improvement Budget and are available at a future date, therefore it is necessary to certify the required funds, in the amount up to $1,000,000.00, against the General Fund 1000, Income Tax Set Aside Subfund 100099. The subfund will be reimbursed upon receipt of the bond sale proceeds.


Title

To authorize the Director of the Department of Development to enter into a grant agreement with the Community Partners Youth Development Organization, Inc., an Ohio nonprofit corporation, in an amount of up to $1,000,000.00 for construction expenses at 1878-1890 E. Main Street; to authorize the appropriation of funds within the Income Set Aside Su...