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File #: 0483-2018    Version: 1
Type: Ordinance Status: Passed
File created: 2/6/2018 In control: Economic Development & Small Business Committee
On agenda: 2/12/2018 Final action: 2/14/2018
Title: To amend ordinance 3176-2017 to provide additional support funding for the 2018 NCAA Women's Final Four Tournament; to authorize the transfer of $125,000.00 from the Department of Finance and Management to the Department of Development within the general fund; to authorize the Department of Development to expend $125,000.00 from the general fund; and to declare an emergency. ($125,000.00)
Attachments: 1. Ord 0483-2018 Legislation Template
Explanation
BACKGROUND: This ordinance authorizes an amendment to Ordinance 3176-2017 passed December 11, 2017, which authorized the Director of the Department of Development to contract with the Greater Columbus Sports Commission, to provide support to the 2018 NCAA Women’s Final Four Tournament. The City’s total financial support commitment is budgeted at $250,000.00 and Ordinance 3176-2017 encumbered one-half ($125,000.00) for this purpose. Therefore, this ordinance seeks authority to amend Ordinance 3176-2017 to add the remaining $125,000.00 in support of this event. All other terms and conditions referenced in Ordinance 3176-2017 related to the agreement between the City and the Greater Columbus Sports Commission remain unchanged.

Emergency Justification: Emergency legislation is requested to ensure timely payment can be made and financial support can be provided.

Financial Impact: Funding in the amount of $125,000 is budgeted and available within the general fund. These funds will be transferred from the Department of Finance and Management to the Department of Development, within the general fund.

Title
To amend ordinance 3176-2017 to provide additional support funding for the 2018 NCAA Women's Final Four Tournament; to authorize the transfer of $125,000.00 from the Department of Finance and Management to the Department of Development within the general fund; to authorize the Department of Development to expend $125,000.00 from the general fund; and to declare an emergency. ($125,000.00)

Body
WHEREAS, ordinance 3176-2017, passed December 11, 2017, authorized the Director of the Department of Development to contract with the Greater Columbus Sports Commission, to provide support to the 2018 NCAA Women’s Final Four Tournament; and

WHEREAS, the City’s total financial support commitment is budgeted at $250,000.00 and Ordinance 3176-2017 encumbered one-half ($125,000.00) for this purpose; and

WHEREAS, it is necessary to amend Ordinance 31...

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