Explanation
Background: This legislation authorizes the Director of the Department of Development to enter into a Grant Agreement with the Columbus Printed Arts Center, an Ohio not-for-profit corporation (“CPAC”) to provide CPAC with gap funding for the costs of design, planning, and construction of their new approximately 22,000 square foot facility located at 705 Ann Street, Columbus, Ohio 43206. CPAC aims to foster a supportive printed arts community by providing affordable access to communal workspaces and professional studio facilities, comprehensive educational programming, and critically engaged exhibitions. The new facility will have 12 rentable artist studios, a printmaking studio, a gallery space, a bookstore, collaborative workspace areas, a photography darkroom, a communal courtyard space and more. The City of Columbus will contribute funds to CPAC to allow for the project to be completed on time to avoid the tenants being delayed from occupying the space and causing any default of leases. This Ordinance will authorize the expenditure of $197,000 to grant to the Columbus Printed Arts Center for the costs associated with the planning, design, and construction including those incurred before the purchase order.
Emergency Justification: An emergency exists in the usual daily operations of the Department of Development in that it is necessary to authorize the Director of the Department of Development to proceed as quickly as possible with the execution of the Grant Agreement with the Columbus Printed Arts Center to thereafter immediately provide the funds from the City necessary to allow for the design, planning, and construction activities to be completed within a timely manner as to not delay the opening date and cause default of the leases with the expected tenants.
Fiscal Impact: An amendment to the 2025 Capital Improvement Budget is required to align spending within the proper project. Cash will need to be transferred between projects. Funding in...
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