Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to provide grant assistance to Wonderland Columbus for the provision of services as described below.
Grant funds in the amount of $50,000 will assist in offsetting costs needed for the site reviews, assessment, testing and due diligence for the property located at 500 W. Broad Street, Columbus, Ohio 43215. Reviews include, but are not limited to, surveys, measures, site plans, assessments and testing, in order to determine the economic feasibility of developing the property. The total costs are estimated at $94,825 and these funds provide a partial offset of those costs.
FISCAL IMPACT: Funds for this grant are allocated from the General Permanent Improvement Fund.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with Wonderland Columbus to assist in offsetting costs needed for the site reviews, assessment, testing and due diligence for the property located at 500 W. Broad Street; to authorize the appropriation, transfer and expenditure of $50,000 within the General Permanent Improvement Fund; and to declare an emergency. ($50,000.00)
Body
WHEREAS, Wonderland Columbus has submitted an application seeking financial assistance to address service needs; and
WHEREAS, City Council has reviewed the grant application and hereby declares that the agency has articulated a need for General Permanent Improvement Fund expenses that is sufficient to justify approval of said grant; and
WHEREAS, the Director of the Department of Development desires to execute a grant agreement with the agency to support a project using funds from the General Permanent Improvement Fund; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to execute a grant agreement with Wonderland Columbus to avoid causing delays in the delivery of vital program services, ...
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