Explanation
1. BACKGROUND
This legislation authorizes the Director of the Department of Development to enter into a not-for-profit services contract with the Franklinton Special Improvement District of Columbus, Inc. (the “Franklinton SID”) to provide funding to the Franklinton SID, not to exceed the amount of one hundred fifty thousand dollars ($150,000.00), to cause the creation of a public realm plan for capital improvement investments within Franklinton. The Franklinton SID is a qualified nonprofit corporation in partnership with local property owners and businesses that was created for the purpose of developing and implementing plans for public improvements and public services approved by Resolution Nos. 0069X-2020, 0103X-2020, and Ordinance No. 1895-2020 that benefit the Franklinton special improvement district established by Ordinance No. 0810-2020. The Franklinton SID focuses on the distribution of funds to improve the security and cleanliness of the developing areas of Franklinton for a term of five years from 2021 through 2025. The articles of incorporation for the Franklinton SID were approved by City Council by Ordinance No. 0810-2020 and amended by Resolution No. 0184X-2021. Funding will be provided to the Franklinton SID who will contract for professional services to create a long term plan to enhance and create a vision for Franklinton’s public realm. The public realm plan will build off recent neighborhood developments as well as the LinkUs and ZoneIn efforts, and such future public realm work may include capital improvement investments, including but not limited to those described on Exhibit B of Ordinance No. 1197-2020, within the public right of way or upon other public property or interests thereof.
2. FISCAL IMPACTS
The funding for this contract in the amount of $100,000.00 is available in the General Fund (1000) and an additional $50,000.000 is available in the West Edge I TIF Fund (7420). Funds will need transferred within each of Fund 10...
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