Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into a grant agreement with the Columbus Fashion Initiative, a non-profit organization, in an amount up to $1,000,000.00 in support of the renovation and construction of the organization’s building at 161 N. Grant Ave., Columbus, OH 43215. Approval is also requested to advance funding per a pre-determined schedule to be included in the agreement and to allow for expenses incurred prior to purchase order creation, starting October 1, 2025.
Phase 1 of this project will focus on a couple of key floors of the building to build out office space, meeting rooms, the innovation lab, and other amenities such as restrooms.
The Columbus Fashion Initiative’s mission is to create, connect, and move fashion forward. By cultivating education, community, imagination, and opportunity, Columbus Fashion Initiative strives to become a fashion manufacturing and innovation leader while building an alliance of stakeholders from across all domains of the fashion and retail ecosystem.
EMERGENCY DESIGNATION: To ensure that there are no delays in the construction timeline emergency action is requested.
CONTRACT COMPLIANCE: The vendor’s contract compliance number is 031541 and is pending.
FISCAL IMPACT: Funding in the amount of $1,000,000.00 is available in 2025 Capital Improvement Budget, Development Taxable Bond fund. An amendment to the 2025 Capital Budget is required to establish sufficient budget authority for the project.
Title
To amend the 2025 Capital Improvement Budget; to authorize the City Auditor to transfer funds within the Development Taxable Bond Fund; to authorize the Director of the Department of Development to execute a grant agreement with the Columbus Fashion Initiative, in an amount up to $1,000,000.00; to authorize the expenditure of up to $1,000,000.00 from the Development Taxable Bond Fund; to authorize the payment of funds on a pre-determined sc...
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