City of Columbus - File #: 0197-2007

• File #: 0197-2007
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/30/2007
• In control: Development Committee
• On agenda: 2/26/2007
• Final action: 2/27/2007
• Title: To authorize the Director of the Department of Development to enter into a contract with the North Market Development Authority; to authorize the expenditure of $22,962 from the General Fund; and to declare an emergency. ($22,962)

Date	Ver.	Action By	Action	Result
2/27/2007	1	MAYOR	Signed
2/27/2007	1	CITY CLERK	Attest
2/26/2007	1	Columbus City Council	Approved	Pass
2/26/2007	1	COUNCIL PRESIDENT	Signed
2/9/2007	1	Dev Drafter	Sent for Approval
2/9/2007	1	CITY ATTORNEY	Reviewed and Approved
2/9/2007	1	Dev Drafter	Sent to Clerk's Office for Council
2/8/2007	1	FINANCE DIRECTOR	Reviewed and Approved
2/8/2007	1	Dev Drafter	Sent for Approval
2/8/2007	1	Auditor Reviewer	Reviewed and Approved
2/8/2007	1	CITY AUDITOR	Reviewed and Approved
2/6/2007	1	Finance Reviewer	Reviewed and Approved
2/6/2007	1	Finance Reviewer	Reviewed and Approved
2/5/2007	1	Dev Drafter	Sent for Approval
2/5/2007	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
2/5/2007	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into a contract with the North Market Development Authority (NMDA). The NMDA opened the North Market in its present location in 1995. Since that time the need for additional operating expenses, market identity and merchant support has increased. With the opening of the Nationwide Arena and surrounding redevelopment, the NMDA repositioned the Market to be competitive in this new development area. The NMDA has worked diligently to raise capital for the market but additional support is required to keep the Market competitive with other retail operations in the area. This legislation will authorize the expenditure of $22,962 for operational, maintenance and marketing costs associated with the North Market.

FISCAL IMPACT: A total of $22,962.00 was allocated to the North Market Development Authority to support operational costs. These funds are provided from the FY 2007 City General Fund.


Title

To authorize the Director of the Department of Development to enter into a contract with the North Market Development Authority; to authorize the expenditure of $22,962 from the General Fund; and to declare an emergency. ($22,962)


Body

WHEREAS, the North Market Development Authority (NMDA) is the overseeing body of the North Market public market; and

WHEREAS, the NMDA requires additional funds to cover operational, maintenance and marketing costs in order to keep the Market competitive with other retailers in the area; and

WHEREAS, the Director of the Department of Development desires to enter into a contract with the North Market Development Authority to carry out the above referenced purpose; and

WHEREAS, emergency action is requested to allow the North Market Development Authority to enter into a contract within the next 14 days in order to have funds for the administrative costs as referenced above; and

WHEREAS, an emergency exists...