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File #: 1278-2021    Version: 1
Type: Ordinance Status: Passed
File created: 5/17/2021 In control: Housing Committee
On agenda: 6/7/2021 Final action: 6/10/2021
Title: To amend ordinances 1169-2020 and 0780-2021 and authorize the Director of Development to modify past, present, and future contracts and agreements and purchase orders with Iroquois Capital CDFI LLC to change the name to Erie Ohio Capital CDFI LLC; and to declare an emergency.
Explanation
BACKGROUND: This legislation is to amend Ordinances 1169-2020 and 0780-2021 with Iroquois Capital CDFI LLC as this vendor has changed its business name, but has not changed its federal ID number.

This ordinance authorizes the assignment of all past, present, and future business done by the City of Columbus with Iroquois Capital CDFI LLC, FID 84-4816043, to Erie Ohio Capital CDFI LLC, same FID number.

The agreement authorized under ordinance 1169-2020 was executed and will be amended and the agreement authorized under ordinance 0780-2021 has not yet been executed. When executed, it will be executed under the name of Erie Ohio Capital CDFI LLC.

FISCAL IMPACT: No additional monies are required to modify the agreements.

EMERGENCY MEASURE: In order to maintain the project schedule, this ordinance is being submitted as an emergency.

CONTRACT COMPLIANCE: the vendor number 033062 and expires 7/15/2022.

Title
To amend ordinances 1169-2020 and 0780-2021 and authorize the Director of Development to modify past, present, and future contracts and agreements and purchase orders with Iroquois Capital CDFI LLC to change the name to Erie Ohio Capital CDFI LLC; and to declare an emergency.

Body
WHEREAS, City Council approved ordinances 1169-2020 and 0780-2021 allowing the Director of the Department of Development to enter into agreements with Iroquois Capital CDFI LLC; and

WHEREAS, Iroquois Capital CDFI LLC has changed its name to Erie Ohio Capital CDFI LLC and in addition to notifying the City, Erie Ohio Capital CDFI LLC has agreed to honor the past, present, and future contracts and agreements originally under the name Iroquois Capital CDFI LLC ; and

WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to modify all contracts and agreements and purchase orders established and in process with Iroquois Capital CDFI LLC to change the name to Erie Ohio Capital CDFI LLC in order to ...

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