Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to modify Empowerment Zone (EZ) contracts with the Columbus Compact Corporation by increasing the contract amounts. Per a Compact board-approved proposal, these modifications will increase the EZ Community Values and Cultural Life contract DL007915 by $122,827. The revised contract amount will be $742,104. Contract DLl010438, EZ Administration, will be increased by $70,827.00 for a revised contract amount of $331,582. The Neighborhood Life initiative, contract DL010131 will be increased by $77,171 for a revised contract amount of $207,019. These modifications are necessary to provide the Columbus Compact with additional funds to administer on-going activities related to Community Values and Cultural Life, Neighborhood Life and EZ Administration programs as part of Round II Initiatives of the Empowerment Zone Strategic Plan.
This legislation is presented as an emergency to allow the Columbus Compact to administer current programs without interruption.
FISCAL IMPACT: Funds for these increases are from EZ 2002 Implementation Funds. Companion legislation 1323-2005 reduces the funding for the Empowerment Zone Economic Opportunity program contract DL007922 by $270,825. This partial cancellation of Dl007922 will provide sufficient funds to increase the aforementioned EZ contracts.
Title
To authorize the Director of the Department of Development to modify Empowerment Zone contracts with the Columbus Compact Corporation; to authorize the expenditure of $270,825 from the General Government Grant Fund; and to declare an emergency. ($270,825)
Body
WHEREAS, the Director of the Department of Development desires to modify Empowerment Zone contracts, DL007915 - Community Values and Cultural Life, DL010438 - Administration, and DL010131 Neighborhood Life with the Columbus Compact Corporation by increasing the contract amounts; and
WHEREAS, these mo...
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