Explanation
BACKGROUND: This ordinance authorizes the Director of the Department of Development to enter into a grant agreement with the Franklinton Development Association to acquire 89 West Park Avenue in Franklinton.
Since 2019, Little Bottoms Free Store has operated at the property, providing diapers, wipes, and baby clothes to Franklin County families with young children (ages up to 3 years old). In addition to providing basic needs, Little Bottoms is creating a community where families can have a safe place to relax, visit, build friendships, and discover community resources and agencies. Their goal is to create a supportive community, providing basic needs, and sharing resources.
The grant will allow the Franklinton Development Association to acquire the building and make it a permanent home for the Little Bottoms Free Store. Additional space in the building will be made available for similar organizations serving the community. The expenditure of $550,000 is authorized by this ordinance for the purchase of the building and to pay cost related to due diligence and building improvements.
FISCAL IMPACT: This ordinance authorizes an expenditure of $550,000.00 in the Development Taxable Bonds Fund.
EMERGENCY JUSTIFICATION: Emergency Legislation is requested to expedite agreement before the end of 2024 to comply with timelines established by a purchase contract.
Title
To amend the 2024 Capital Improvement Budget; to authorize the transfer of cash and appropriation with the Development Taxable Bond Fund; to authorize the Director of the Department of Development to enter into a grant agreement with the Franklinton Development Association to perform due diligence, perform improvements, and acquire 89 West Park Avenue; to authorize the expenditure of $550,000.00 from the Development Taxable Bonds Fund; to authorize expenditures prior to the purchase order; to advance funding per a predetermined schedule; and to declare an emergency. ($550,000.00)...
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