Explanation
BACKGROUND: This ordinance authorizes a contract in the amount of $150,000 with The Greater Columbus Chamber of Commerce. These funds provide City resources for aggressive action with key business and government contacts for business relocation, expansion, and retention in the downtown area, central city neighborhoods, and growth areas. In addition, these funds represent commitment to four of the Chamber's efforts related to the City's continued interest in workforce development, area wide marketing, creation and nurturing of entrepreneurship, and investment in public sector infrastructure.
FISCAL IMPACT: The funding for this contract is fully budgeted within the 2008 operating budget.
Contract Compliance #: 31-4152950 (non profit)
Title
To authorize the City Clerk to enter into a contract with the Greater Columbus Chamber of Commerce for economic development activities associated with business relocation, expansion, and retention as well as other activities related to the City's continued interest in workforce development, marketing, entrepreneurship, and infrastructure; to authorize the expenditure of $150,000 from the General Fund and to declare an emergency. ($150,000)
Body
WHEREAS, the economic development of a region depends heavily on the skill with which the advantages of that region are marketed; and
WHEREAS, these funds provide City resources for aggressive action with key s for business relocation, expansion, and retention in the downtown area, central city neighborhoods, and growth areas; and
WHEREAS, these funds also represent commitment by the Chamber to the City's ongoing interests and efforts related to workforce development, marketing, entrepreneurship, and infrastructure; and
WHEREAS, the Greater Columbus Chamber of Commerce, on behalf of the City, has agreed to conduct to aggressively pursue these interests in a mutually supportive manner; and
WHEREAS, an emergency exists in the usual daily operation in the City of Columbus in that it is immediately necessary to pass this ordinance to expedite the contract for the immediate preservation of the public peace, property, health and safety; now therefore:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Clerk be and is authorized to enter into a contract with the Greater Columbus Chamber of Commerce for the period January 1, 2008 to December 31, 2008 to provide various economic development activities.
SECTION 2. That for the purpose of paying a portion of the cost thereof the sum of $150,000 is hereby authorized to be expended from Department No. 20-01, the General Fund, Fund 010-100, Object Level One 03, OL3 3337, OCA 200105.
SECTION 3. 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 10 days after its passage if the Mayor neither approves nor vetoes the same.