Explanation
BACKGROUND: On April 28, 2006, the Development Department entered into an Agreement with the Greater Linden Development Corporation (GLDC) DL011923 for $51,300, expiring January 31, 2007, for administrative costs associated with the organization.
Currently, $9,167.58 remains from the Greater Linden Paint Program, which can no longer go forward due to federal regulations. The Greater Linden Development Corporation and the City would like to transfer the remaining $9,167.58 from the Paint Program to the current administrative contract with GLDC (DL011923). The additional funding would be for administrative costs associated with economic development initiatives in the Greater Linden area.
Emergency action is requested to allow the Greater Linden Development Corporation to continue their economic development initiatives.
FISCAL IMPACT: $9,167.58 in CDBG funds is available from the Greater Linden Paint Program for this purpose.
Title
To authorize the appropriation of $9,167.58 from the unappropriated balance of the Community Development Block Grant Fund; to authorize the Director of the Department to amend the agreement with the Greater Linden Development Corporation by increasing the budget; to authorize the expenditure of $9,167.58 from the Community Development Block Grant Fund; and to declare an emergency. ($9,167.58)
Body
WHEREAS, the Development Department entered into an agreement with the Greater Linden Development Corporation for administrative costs associated with economic development activities in the Greater Linden area; and
WHEREAS, funds remain unspent on the Greater Linden Paint Program contract; and
WHEREAS, additional funds are needed to continue the economic development activities; and
WHEREAS, the Greater Linden Development Corporation and the City of Columbus desire to transfer the remaining paint money to the Greater Linden Development corporation administrative contract; and
WHEREAS, emer...
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