Explanation
Background: This legislation authorizes the appropriation, transfer and expenditure of $550,000 for the Neighborhood Commercial Revitalization (NCR) Interior and Exterior Improvement Grant Programs. The NCR areas are Franklinton, Hilltop, Main Street, Parsons Avenue, Long Street, Mount Vernon Avenue and North and South Linden. Columbus City Council has continuously provided funding for the exterior improvement grant program. On December 2, 2013, per ordinance number 2740-2013, Columbus City Council initiated the interior improvement grant program. The program was a result of the Small Business Roundtable. Funding is needed to continue the existing exterior (façade) improvement grant program and to provide additional funding for the council initiated small business interior improvement grant program.
The interior and exterior improvement grant programs aim to help small, independent businesses cover the cost of interior and exterior renovations. Some of the exterior services include the following: signage, awning, façade painting, window/door replacement and exterior lighting. Interior services include other basic improvements such as the following: lighting fixtures, plumbing/hvac, security systems, expansion cost, carpeting/flooring, permit cost, painting/drywall, architectural or engineering cost for interior work and permanent fixtures.
Emergency action is requested to allow the Department of Development to continue providing assistance through the interior and exterior improvement grant programs without interruption.
Fiscal Impact: Funds in the amount of five hundred and fifty thousand dollars ($550,000) are available for the project in the Development Taxable Bond Fund under the Department of Development. An amendment to the 2018 Capital Improvement Budget is necessary for the purpose of providing sufficient spending authority for the aforementioned program expenditure.
Title
To amend the 2018 Capital Improvement Budge...
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