Explanation
BACKGROUND: City Council amended the 2005 and 2006 budget to create a $2 million Jobs Growth Fund to help create more jobs for Columbus residents. One strategy is to create Special Improvement Districts in the City of Columbus to allow businesses to assessment themselves for improvements and services, thereby creating more jobs. The Morse Road Special Improvement District (SID), a non-profit organization, was created in August of 2006 to go into effect in January 2007. As part of the Morse Road SID the Development Department and the Public Service Department entered into a Tri-Party Cooperative Share Agreement that authorized the SID to do all the mowing on City owned land in the Morse Road SID area. In exchange the City of Columbus will pay the Morse Road SID $50,000, starting in 2007, for the mowing services.
The Morse Road SID needs to begin the process of contracting with a management company to provide the mowing services and the administration of the SID, therefore they need funding for this process. It had been agreed by the City and the SID to advance $15,000 of the $50,000 to allow the SID to contract with a management company. 2007 SID funds will be decreased by the $15,000 advance, making the budget for 2007 $35,000.
This ordinance authorizes the Director of Development to enter into an agreement with the Morse Road SID for the advancement of $15,000 to contract with a management company to provide services for the SID.
Emergency action is requested so that the agreement with the Morse Road SID can be executed immediately and they can begin to work to facilitate job growth in Columbus.
FISCAL IMPACT: The funding for this agreement will draw from the $2 million Job Growth Initiative Fund established by City Council.
Title
To authorize the appropriation of $15,000 within the Jobs Growth Fund to the Development Department; to authorize the Director of the Department of Development to enter into an agreement with the ...
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