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 and commercial development as well as eliminate blight and create jobs; and
WHEREAS, the city registered with the Ohio Secretary of State to create the Columbus Next Generation Corporation on October 10, 2012; and
WHEREAS, Columbus Next Generation Corporation will perform a variety of services to advance economic development, including but not limited to: creation of economic development plans for specific areas of the city, develop and promote incentives, including acquiring and developing real estate, and managing various related projects; and
WHEREAS, this legislation authorizes the Director of the Department of Development to enter into contract with the Columbus Next Generation Corporation, to provide economic development services; and
WHEREAS, Columbus Next Generation Corporation is a non-profit organization; and
WHEREAS, an emergency exists in the usual daily operations of the Department of Development in that it is immediately necessary to contract with Columbus Next Generation Corporation to continue redevelopment efforts in the City , thereby preserving the public health, peace, property, safety and welfare; Now, Therefore:
BE IT ORDAINED BY COUNCIL OF THE CITY OF COLUMBUS
SECTION 1. That the City Auditor be and is hereby authorized and directed to transfer $450,000.00 within the general fund as follows:
From: Department of Finance & Management
Dept/Div: 45-50
Fund 10
Object Level One: 03
Object Level Three: 3336
OCA Code: 450035
Amount: $450,000.00
TO: Department of Development, Economic Development Division
Dept/Div: 44-02
Fund: 10
Object Level One: 03
Object Level Three: 3336
OCA Code: 440314
Amount: $450,000.00
SECTION 2. That the Director of the Department of Development is hereby authorized to contract with the Columbus Next Generation Corporation to provide economic development services.
SECTION 3. That the expenditure of $450,000.00, or so much thereof as may be necessary in regard to the action authorized in SECTION 2, be and is hereby authorized and approved from the Department of Development, Economic Development Division, as follows:
Dept/Div: 44-02
Fund: 10
Object Level One: 03
Object Level Three: 3336
OCA Code 440314
Amount: $450,000.00
SECTION 4. That this contract is awarded in accordance with the relevant provisions of Columbus City Code Chapter 329 relating to awarding not-for-profit service contracts exceeding twenty thousand dollars ($20,000.00).
SECTION 5. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
SECTION 6. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this ordinance.
SECTION 7. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is declared to be an emergency measure and will take effect and be in force from and after its approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.