Explanation
BACKGROUND:
The need exists to enter into a contract with the Columbus Urban Growth Corporation for the purpose of increasing commercial and industrial development activities, primarily within the core central city.
FISCAL IMPACT:
Funding for the Columbus Urban Growth Corporation will consist of $225,000 from the 2005 Community Development Block Grant Program.
Emergency action is requested so that the contract with the Columbus Urban Growth Corporation can be executed immediately. This will allow implementation of the organization's economic development projects to continue uninterrupted and for essential staff to be retained.
Title
To authorize the Director of the Department of Development to enter into a contract with the Columbus Urban Growth Corporation; to authorize the expenditure of $225,000 from the Community Development Block Grant Fund; and to declare an emergency. ($225,000.00).
Body
WHEREAS, the development of the central city is an objective of the Department of Development and in the best interest of the City as a whole; and
WHEREAS, the Columbus Urban Growth Corporation was organized to increase the commercial and industrial development activities and investment in the core city and augments this effort with greater community involvement, a community-based board of trustees, and a mission to ensure comprehensive community building; and
WHEREAS, the City desires to engage the services of the Columbus Urban Growth Corporation; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to enter into the contract with the Columbus Urban Growth Corporation to ensure the uninterrupted implementation of the organization's economic development projects and the retention of essential staff all for the preservation of the public health, peace, property, safety and welfare; and now therefore,
BE IT ORDAINED BY THE CO...
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