Explanation
BACKGROUND: On October 3, 2012, City Council passed Ordinance 1968-2012 which established the Columbus Next Generation Corporation; a nonprofit development corporation for the purpose of advancing, encouraging and promoting industrial, economic and commercial development in the City of Columbus and named the City of Columbus as the sole member of the entity. This corporation is charged with eliminating blight and creating job opportunities. This ordinance seeks authorization to establish a contract, in the amount of $450,000, with Columbus Next Generation Corporation for this purpose.
This contract is being awarded to Columbus Next Generation Corporation in accordance with the relevant provisions of Columbus City Code Chapter 329, which allows for the city to negotiate not-for-profit service contracts.
The Department of Development will fund and administer this contract on behalf of the city. This ordinance authorizes the Department of Development to enter into a contract with Columbus Next Generation Corporation for economic development services.
Emergency action is requested so that contracting can commence and the contractor can be engaged in economic development activities as quickly as possible.
Columbus Next Generation Corporation, Contract Compliance Number: 46-26212229
FISCAL IMPACT: Funding for this contract is budgeted and available within the 2015 general fund budget.
Title
To authorize and direct the City Auditor to transfer $450,000.00 within the general fund; to authorize the Director of the Department of Development to enter into contract with the Columbus Next Generation Corporation; to authorize the expenditure of $450,000.00 from the General Fund; and to declare an emergency. ($450,000.00)
Body
WHEREAS, Ordinance 1968-2012, passed by City Council on October 10, 2012 authorized the Mayor of the City of Columbus to create and establish a nonprofit corporation to advance, encourage and promote industrial, economic a...
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