Explanation
BACKGROUND: The Columbus Urban Growth Corporation purchased and renovated the Crosstown Building located at the Four Corners Development Site, in Linden, in 2000. The building was renovated to accommodate a restaurant as well as office space for small professional businesses. Since that time the Linden Café has been operating as a full service restaurant, drawing patrons locally as well as regionally. After seven years of operation the restaurant is in need of several improvements including a new vent hood, additional ventilation improvements and general sprucing-up, totaling $70,000.
This legislation authorizes the Director of the Department of Development to appropriate and expend $70,000 from the Urban Site Acquisition Loan Fund and to enter into a loan agreement with Columbus Urban Growth Corporation for improvements to the Linden Café restaurant, totaling the $70,000.
Emergency action is requested to allow the restaurant improvements to begin in a timely manner.
FISCAL IMPACT: The $70,000 for the loan will come from the Urban Site Acquisition Loan Fund. This legislation authorizes the transfer, appropriation and expenditure of those funds.
Title
To authorize the transfer of $70,000 within the Urban Site Acquisition Loan Fund; to authorize the appropriation of $70,000 within the Urban Site Acquisition Loan Fund to the Department of Development; to authorize the Director of the Development Department to enter into a loan agreement with the Columbus Urban Growth Corporation for improvements to the Linden Café restaurant; to authorize the expenditure of $70,000 from the Urban Site Acquisition Loan Fund; and to declare an emergency. ($70,000)
Body
WHEREAS, the Columbus Urban Growth Corporation purchased and renovated the Crosstown Building located at the Four Corners Development Site, in Linden, in 2000; and
WHEREAS, the Crosstown Building was renovated to accommodate a restaurant as well as office space for small professional businesses; and
WHEREAS, since that time the Linden Café has been operating, in the Crosstown Building, as a full service restaurant drawing patrons locally as well as regionally; and
WHEREAS, after seven years of operation the restaurant is in need of several improvements including; a new vent hood, additional ventilation improvements and general sprucing-up, totaling $70,000; and
WHEREAS, $70,000 is available for the Urban Site Acquisition Loan Fund for improvements to the Linden Café; and
WHEREAS, the Columbus Urban Growth Corporation desires to enter into a Loan Agreement with the City to access funds necessary to make the restaurant improvements; and
WHEREAS, emergency action is requested to allow the improvements to commence in a timely manner; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to transfer, appropriate and expend said funds for the improvements to the Linden Cafe, all for the immediate preservation of the public health, peace, property, safety and welfare; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor is hereby authorized to transfer $70,000 within the Urban Site Acquisition Loan Fund, Fund 292, Department of Development, Economic Development Division, Division 44-02, from Subfund 004, OCA 072445 to Subfund 008, OCA 292008.
Section 2. That the City Auditor be and is hereby authorized and directed to appropriate $70,000 from the Urban Site Acquisition Loan Fund, Fund 292, Subfund 008, to the Department of Development, Economic Development Division, Division 44-02, Object Level One 05, Object Level Three 5528, OCA 292008.
Section 3. That the Director of the Department of Development is hereby authorized to enter into a loan agreement with the Columbus Urban Growth Corporation for improvements to the Linden Café.
Section 4. That for the purpose stated in Section 3, the expenditure of $70,000 or so much as may be necessary be and is hereby authorized to be expended from the Urban Site Acquisition Loan Fund, Department of Development, Economic Development Division, Division 44-02. Fund 292, Subfund 008, Object Level One 05, Object Level Three 5528, OCA Code 292008.
Section 5. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.