Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into a grant agreement with the Capital Crossroads Special Improvement District of Columbus, Inc. in an amount up to $190,000.00 to provide funding for services within the Special Improvement District boundaries. Funding will be advanced to the agency on a predetermined schedule.
The Capital Crossroads Special Improvement District of Columbus, Inc. (SID), a non-profit organization, has executed four, five year plans, since 2002, for the provision of cleaning, safety, marketing, beautification, and advocacy services in the core area of downtown Columbus. The SID started a fourth, five year plan on January 1, 2017. The plan ended on December 31, 2021. A fifth, four year plan started on January 1, 2022 and will end on December 31, 2025. As part of the Plan for Services in 2012, the Development Department committed to providing a cooperative share of $100,000.00 per year to the SID and an additional $90,000.00 for a business recruitment specialist to attract new retail businesses to downtown Columbus.
The City’s cooperative share will be combined with the property owners share to provide services within the SID boundaries. These services include: Environmental Maintenance, Supplemental Security, Promotions and Marketing, Member Services, and Business Recruitment.
FISCAL IMPACT: The funding of $190,000.00 has been allocated from the Economic Development Division’s 2023 General Fund Budget, but will require a transfer from Object Class 03 to Object Class 05.
CONTRACT COMPLIANCE: The vendor’s contract compliance number is 006946 and expires on 11/8/23.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with the Capital Crossroads Special Improvement District of Columbus, Inc. to provide funding for services within the Special Improvement District boundaries per the Plan for Services; to authorize the tran...
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