Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into a grant agreement with the Lincoln Theatre Association, a nonprofit 501(c) (3) organization, to make real property improvements to the property located at 769, 771 and 773 East Long Street. Planned renovations will allow the Harmony Project to move their headquarters into the King-Lincoln community.
Planned Improvements involve the interior and exterior portions of the building including the combining of two storefronts that, when completed, can also be used for community events. The City is committing $1,228,000 to the project: $728,000 from capital funds committed to the Harmony Project from a previous capital budget and $500,000 committed with the 2016 Capital Improvement Budget.
This legislation authorizes the expenditure of $728,000 to the Lincoln Theatre Association for real property improvements supporting the Harmony Project.
Emergency action is necessary to allow for the real property improvements to begin.
FISCAL IMPACT: Funding authority is available in the 2016 Capital Improvements Budget in Fund 7782. The maximum amount of the grant provided within the grant agreement authorized to be expended by this ordinance is $728,000.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with the Lincoln Theatre Association to provide funding for real property improvements located at 769, 771 and 773 E. Long St.; to authorize the Director of Development to expend $728,000.00 from Fund 7782; and to declare an emergency. ($728,000.00)
Body
WHEREAS, this legislation authorizes the Director of the Department of Development to enter into a grant agreement with the Lincoln Theatre Association; and
WHEREAS, the funds provided by the agreement will be used for real property improvements located at 769, 771 and 773 E. Long Street; and
WHEREAS, the real property improvements allow the Harmony Project to move their headquarters into the King-Lincoln community; and
WHEREAS, the improvements involve both the interior and exterior portions of the building including the combining of two storefronts that, when completed, can also be used for community events; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to authorize the Director to enter into a grant agreement with Lincoln Theatre Associates to allow the renovation process to begin immediately, thereby preserving the public health, peace, property, safety, and welfare; and NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of the Department of Development is authorized to enter into a grant agreement with the Lincoln Theatre Association to make real property improvements to the property located at 769, 771 and 773 East Long Street.
SECTION 2. That for the purpose stated in Section 1, the expenditure of $728,000 or so much thereof as may be needed, is hereby authorized in Fund 7782 Object Class 06 Capital Outlay per the accounting codes in the attachment to this ordinance.
SECTION 3. 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 4. That the City Auditor is authorized to make any accounting changes to revise the funding source for any contract or contract modification associated with this Ordinance.
SECTION 5. That the City Auditor is hereby authorized to transfer the unencumbered balance in a project account to the unallocated balance account within the same fund upon receipt of certification by the Director of the Department administering said project that the project has been completed and the monies are no longer required for said project.
SECTION 6. 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 ten days after the passage if the Mayor neither approves nor vetoes the same.