Explanation
BACKGROUND:
This ordinance authorizes the Director of the Department of Development to enter into a contract with HR&A Advisors to perform an analysis of the City’s current incentive offerings for residential, office and industrial development. HR&A Advisors was selected from a formal RFP process conducted by members of the Development Department.
The City is seeking to better understand the impacts of its current incentive programs on the City’s development patterns and competitiveness, and if advisable, is seeking recommendations for modifications to its current incentive policies and program offerings to achieve the desired industry growth patterns that foster job expansion, competitive wages, workforce attraction, economic inclusion and community development.
Emergency action is requested to allow HR&A Advisors to begin work immediately on the Tax Incentive Study for the preservation of the public health, peace, property, safety and welfare of the Citizens of Columbus.
FISCAL IMPACT: Up to $150,000 will be expended from the General Fund.
Title
To authorize the Director of the Department of Development to enter into a contract with HR&A Advisors to perform an analysis of the City’s current incentive offerings for residential, office and industrial development; to authorize a transfer within and an expenditure of up to $150,000.00 from the General Fund; and to declare an emergency. ($150,000.00)
Body
WHEREAS, the Department of Development conducted a formal Request for Proposals to select and award a contract to conduct the incentive analysis; and
WHEREAS, HR&A Advisors was selected from a formal RFP process conducted by members of the Development Department; and
WHEREAS, the City is seeking to better understand the impacts of its current incentives programs on development patterns and competitiveness; and
WHEREAS, if advisable, we are seeking recommendations for modifications to current incentive policies and program offerings ...
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