Explanation
BACKGROUND
This ordinance authorizes the Director of the Department of Development modify a subrecipient agreement with Greenwood 360 LLC to update the scope of service as it needs to be modified to reflect that the reimbursement will be based per application not per approved application as it states within the contract. This change will allow for the proper payment of services per application reviewed as the other language was restrictive and was not allowing reimbursement for the actual work being performed. All other aspects of this contract will still remain and there will be no additional funding needed to perform this modification.
Original Agreement $1,750,000.00 Ord. 1577-2023 PO396840
Modification No. 1 $1,250,000.00 Ord. 2753-2023 PO421329
Modification No. 2 $ 0.00 Ord. 2778-2024
Total $3,000,000.00
Ordinance No. 1577-2023 which was approved on June 12, 2023 by council authorized the Director of the Department of Development to enter into a subrecipient agreement with Greenwood 360 LLC in an amount up to $1,750,000.00 of U.S. Department of Treasury Emergency Rental Assistance 2 (ERA2) funds. This authorization allowed Greenwood 360 LLLC to act as the Application Manager for recipients as part of the department’s ERA2 Investment Strategy with a start date of June 1, 2023 and waived the competitive bidding requirements in Columbus City Code Chapter 329.
Ordinance No. 2275-2023 authorized the City of Columbus to accept and appropriate up to $90,537,806.23 of Federal Emergency Rental Assistance (ERA2) program funds, as passed by the Consolidated Appropriations Act of 2021.
Greenwood 360 LLC will continue to manage a program to provide rental and utility assistance to residents in the local area who qualify for the assistance as provided in the laws and regulations and other current guidance provided by the U.S. Department of Treasury. Greenwood 360 LLC will work collaboratively to implement a plan to distribute ERA funds to e...
Click here for full text