Explanation
Background: This legislation authorizes the Director of the Department of Development to amend the capital improvement contract with the Lincoln Theatre Association for the purpose of renovating real estate and related activities as part of the redevelopment efforts within the City of Columbus. The Lincoln Theatre Association is an Ohio non-profit development corporation engaged in advancing, encouraging and promoting industrial economic and commercial development in the City of Columbus.
The City of Columbus desires to improve the quality of life and the general and economic well-being of the people of the City; to better ensure the public health, safety and welfare; to provide for the conservation and preservation of natural and open areas, including by making urban areas more desirable or suitable for development and revitalization; to provide for safe and productive urban land use or reuse; and to create and preserve jobs and enhance employment opportunities as provided in Section 2o and 2q of Article VII of the Ohio Constitution.
Columbus City Council, per Ordinance Number 1476-2016, passed on June 20, 2016, appropriated and authorized the expenditure of $728,000.00 for the purpose of renovating real estate and related activities as part of the redevelopment efforts within the City of Columbus.
The funds appropriated and authorized was for the purpose of making real property improvements to the property located at 769, 771 and 773 East Long Street and relocation of the Harmony Project headquarters in the King Lincoln community.
Columbus City Council subsequently amended the contract, per Ordinance Number 1099-2018 on May 7, 2018 for the purpose of including an additional $500,000.00 from the 2017 Capital Improvement Budget and extending the contract period to December 31, 2018.
A second amendment is needed to extend the contract period to December 31, 2019 to allow the Lincoln Theatre Association to continue renovating real estate and re...
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