Explanation
BACKGROUND: The Neighborhood Commercial Revitalization Program, in existence since 1981, provides grants to encourage rehabilitation of commercial properties located in designated neighborhood business districts. The "Mile on High" Program was created in 2008 to assist with retail attraction, building revitalization efforts and job creation in the core Downtown Columbus area. The "Mile on High" area is bordered on the north by Vine Street, on the east by 3rd Street with jogs to 4th Street and then returning to 3rd Street, on the south by the inner belt and on the west by Front Street. The area includes some 75 individual structures some of which have multiple store front retail establishments. Many of these structures are vacant and in need of major/minor repair. Currently $83,860 in cash is available for these programs.
This legislation authorizes the appropriation and expenditure of $83,860.00 for the NCR and Mile on High storefront renovation grants.
This legislation is submitted as an emergency to avoid an interruption in the delivery of program services.
FISCAL IMPACT: This legislation appropriates and authorizes the expenditure of $83,860.00 to provide funds for storefront renovation grants under the Neighborhood Commercial Revitalization and Mile on High Programs.
Title
To authorize the appropriation of $83,860.00 from the unappropriated balance of the Urban Development Action Grant Fund to the Department of Development, Economic Development Division; to authorize the Director of the Department of Development to make storefront renovation grants under the Neighborhood Commercial Revitalization and Mile on High Programs; to authorize the expenditure of $83,860.00 from the Urban Development Action Grant Fund; and to declare an emergency. ($83,860.00)
Body
Whereas, the City of Columbus established the Neighborhood Commercial Revitalization Program in 1981 to encourage the rehabilitation of commercial properties located in designate...
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