Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into contract with the Columbus Compact Corporation to assist with the implementation of the business and seed loan programs to benefit enterprise community businesses. The time of this agreement will be from October 1, 2004 through December 31, 2004.
In December 1994, the 13 square mile area in Central City Columbus received the Enterprise Community designation from the federal Department of Housing and Urban Development because it met federal criteria for pervasive poverty and unemployment. The Columbus Compact Corporation is the governing body for Enterprise-funded activities.
This ordinance is an emergency measure to allow the Columbus Compact Corporation to expend the funds before the grant expiration date of December 31, 2004.
FISCAL IMPACT: Ordinance 2895-98, passed November 9, 1998, authorized the appropriation of $150,000 for the purpose of funding the business and seed loan programs from the Columbus Enterprise Title XX grant. This legislation will utilize the unexpended portion of that appropriation.
Title
To authorize the Director of the Department of Development to enter into contract with the Columbus Compact Corporation for the business and seed loan programs; to authorize the expenditure of $48,000 from the General Government Grant Fund; and to declare an emergency. ($48,000)
Body
WHEREAS, the U.S. Department of HUD awarded Enterprise Community designation in December 1994; and
WHEREAS, the City agreed to carry out the Columbus Enterprise Community Strategic Plan in the Memorandum of Agreement executed on October 24, 1995 between the City of Columbus, the State of Ohio and the U.S. Department of HUD; and
WHEREAS, the Department of Development entered into a grant agreement with the Ohio Department of Jobs & Family Services (formerly the Ohio Department of Human Services) on August 16, 1995 whereby ...
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