City of Columbus - File #: 1312-2009

• File #: 1312-2009
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/1/2009
• In control: Minority and Small Business Development Committee
• On agenda: 10/19/2009
• Final action: 10/20/2009
• Title: To authorize the transfer of $50,000 between subfunds within the Urban Site Acquisition Loan Fund; to authorize the appropriation of $50,000 within the Urban Site Acquisition Loan Fund to the Department of Development; to authorize the Director of the Department of Development to enter into an agreement with the Central Ohio Minority Business Association for administrative costs; to authorize the expenditure of $50,000 from the Urban Site Acquisition Loan Fund; and to declare an emergency. ($50,000)

Date	Ver.	Action By	Action	Result
10/20/2009	1	MAYOR	Signed
10/20/2009	1	CITY CLERK	Attest
10/19/2009	1	Columbus City Council	Approved	Pass
10/19/2009	1	COUNCIL PRESIDENT	Signed
10/8/2009	1	Dev Drafter	Sent for Approval
10/8/2009	1	Auditor Reviewer	Reviewed and Approved
10/8/2009	1	CITY AUDITOR	Reviewed and Approved
10/8/2009	1	Dev Drafter	Sent for Approval
10/8/2009	1	CITY ATTORNEY	Reviewed and Approved
10/8/2009	1	Dev Drafter	Sent to Clerk's Office for Council
10/7/2009	1	Finance Reviewer	Reviewed and Approved
10/7/2009	1	FINANCE DIRECTOR	Reviewed and Approved
10/6/2009	1	Finance Reviewer	Reviewed and Approved
10/5/2009	1	Dev Drafter	Sent for Approval
10/2/2009	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
10/1/2009	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND: The Central Ohio Minority Business Association (COMBA) is a non-profit agency founded in 1978. Through its programs and services, entrepreneurial development assistance and high-end business consulting to start-up and emerging business owners is provided. Services are provided at "no cost" to the client and all services are provided on a non-discriminatory basis.

During the last two years COMBA has provided one-to-one consulting services to over 2,700 existing and potential business persons. From these businesses over 216 jobs were created and 481 jobs retained. The business owners were also awarded contracts in the amount of $14,491,831; and awarded loans in the amount of $3,814,690. Over 150 conferences and workshops were facilitated with attendance in excess of 5,100.

This legislation authorizes the appropriation and expenditure of $50,000 from the Urban Site Acquisition Fund and authorizes the Director of the Department of Development to enter into an agreement with the Central Ohio Minority Business Association for administrative costs associated with increased employment opportunities and business growth in the City of Columbus.

Emergency action is requested to allow COMBA to continue providing services to start-up and emerging businesses in a timely manner.

FISCAL IMPACT: The $50,000 for the administrative costs will come from the Urban Site Acquisition Loan Fund. This legislation authorizes the transfer, appropriation and expenditure of funds.


Title

To authorize the transfer of $50,000 between subfunds within the Urban Site Acquisition Loan Fund; to authorize the appropriation of $50,000 within the Urban Site Acquisition Loan Fund to the Department of Development; to authorize the Director of the Department of Development to enter into an agreement with the Central Ohio Minority Business Association for administrative costs; to authorize the expenditure of $50,000 from the Urban Site Acquisition Loan Fund; a...