Explanation
BACKGROUND:
This legislation authorizes the Director of the Department of Development to modify Contract DL002045, EZ Neighborhood Life, with the Columbus Compact Corporation. The modification will decrease DL002045 EZ Neighborhood Life by $198,053, per a Compact board-approved proposal. The revised contract amount will be $1,988,614. The funds de-obligated by this legislation will be reallocated to another Columbus Compact Corporation contract to administer on-going activities related to the Land Acquisition program as part of Round II Economic Opportunities Initiatives of the Empowerment Zone Strategic Plan.
This legislation is presented as an emergency to provide funding for additional Economic Opportunities programming and to avoid interruptions in the implementation of current programs.
FISCAL IMPACT:
Funds for this contract were allocated from year three Empowerment Zone Implementation Funds. This legislation will decrease the contract by $198,053. Companion legislation will utilize these de-obligated funds to increase the Columbus Compact Corporation Empowerment Zone Economic Opportunity contract by the same amount.
Title
To authorize the Director of Development to modify the Neighborhood Life contract with the Columbus Compact Corporation by decreasing the contract amount; and to declare an emergency. ($198,053)
Body
WHEREAS, the Director of the Department of Development desires to modify contracts DL002045, EZ Neighborhood Life, with the Columbus Compact Corporation by decreasing the contract amount; and
WHEREAS, this modification is necessary to reallocated Empowerment Zone resources so that they are used most effectively; and
WHEREAS, funds de-obligated by this legislation will enable the Columbus Compact Corporation to provide additional EZ Economic Opportunity Initiatives on behalf of the City; and
WHEREAS, this legislation is presented as an emergency to provide funding for additional Economic ...
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