Explanation
BACKGROUND: This legislation seeks to authorize the Director of the Department of Development to enter into a grant agreement with Columbus Downtown Development Corporation (CDDC) in an amount up to $2,000,000.00 for the purposes of continuing the work previously performed by the downtown Special Improvement Districts (SIDs) who provided additional safety and cleanliness activities and other services which benefit downtown workers, residents and businesses, and provided homeless outreach. Funding will be advanced to the agency on a predetermined schedule. An appropriation in an amount up to $500,000.00 will be needed within the Housing Business Tax Incentive Fund as well as a transfer of appropriation between divisions in an amount up to $675,900.00 will also be needed.
FISCAL IMPACT: The funding of $1,500,000.00 is available within the General Fund and $500,000.00 is available in the Housing Business Tax Incentive fund.
CONTRACT COMPLIANCE: Columbus Downtown Development Corporation’s vendor number is 010217 and expired on 07/08/2026 but will be contract compliant prior to passage of this ordinance.
Title
To authorize the Director of Development to enter into a grant agreement with Columbus Downtown Development Corporation in an amount up to $2,000,000.00; to authorize the transfer of appropriation between divisions in the amount up to $675,900.00 and the expenditure in an amount up to $1,500,000.00 within the General Fund; to authorize the appropriation and expenditure in an amount up to $500,000.00 within the Housing Business Tax Incentive fund; to allow for advancement of grant funds on a predetermined schedule. ($2,000,000.00)
Body
WHEREAS, the Director of the Department of Development seeks to continue the work previously performed by the downtown Special Improvement Districts (SIDs) who performed services which included additional safety and cleanliness activities and other services which benefit downtown workers, residents and b...
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