Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to modify Empowerment Zone (EZ) Administration contract DL012779 with the Columbus Compact Corporation by increasing the contract by $165,221.80. The revised contract total will be $626,286.80. This increase enables the Compact to continue daily management of the Columbus Empowerment Zone. Funds for this modification are available by closing out several EZ contracts, and from the partial cancellation of other EZ contract balances with the Columbus Compact (see companion ordinance 1945-2008).
The Columbus Compact Corporation is the governing body and implementation agent for the Columbus Empowerment Zone that received a ten-year designation by the Federal Department of Housing and Urban Development for revitalization of a 14 square mile section of Central City Columbus.
This legislation is presented as an emergency to allow the Columbus Compact Corporation to continue on-going EZ grant-funded programs without interruption.
FISCAL IMPACT: Funds for this contract modification are allocated from the General Government Grant Fund. The funds are made available from canceling the unexpended balances of contracts DL010232, DL011077, DL010139, and DL012788. In companion legislation 1945-2008, an additional $72,216.07 is made available from the partial cancellation of contract balances from EZ grant funded contracts DL007816 and DL007854. The total increase is $165,221.80.
Title
To authorize the Director of Development to cancel the unexpended balances from several EZ grant-funded contracts; to authorize the Director of Development to modify a contract with the Columbus Compact Corporation; to authorize the expenditure of $165,221.80 from the General Government grant fund; and to declare an emergency ($165,221.80).
Body
WHEREAS, the Director of the Department of Development desires close out several EZ grant-funded contracts with the Columbus ...
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