Explanation
Background:
This legislation authorizes the Director of the Department of Neighborhoods to enter into a grant agreement with Community Shares of Mid-Ohio in support of Hilltop Rise Economic Community Development Corporation. The establishment of this organization is in alignment with the Envision Hilltop Plan through its mission to promote vital economic development and community investment on The Hilltop for residents and business owners.
Hilltop Rise Economic Community Development Corporation is a new non-profit Economic Community Development Corporation with a mission to expand economic opportunities to build and sustain wealth for the Greater Hilltop region. Hilltop Rise Economic Community Development Corporation is working to build a Hilltop community where entrepreneurs, youth, workers, and individuals have the tools and opportunities to effectively build vibrant neighborhoods, successful businesses, and healthy, resilient families.
Funding from the City of Columbus Department of Neighborhoods and the Neighborhood Initiatives subfund will be used to support the administrative costs for the startup of the Hilltop Rise Economic Community Development Corporation, in addition to the personnel costs associated with the hiring of an Executive Director.
Fiscal Impact: Funding is available within the Department of Neighborhoods general fund and the Neighborhood Initiatives subfund.
Emergency Justification: Emergency action is requested in order to avoid a delay in providing the necessary funding resources for the establishment of Hilltop Rise Economic Community Development Corporation.
Title
To authorize the Director of the Department of Neighborhoods to enter into a grant agreement with Community Shares of Mid-Ohio in support of Hilltop Rise Economic Community Development Corporation; to authorize an expenditure within the general fund; to authorize an appropriation and expenditure from the Neighborhood Initiatives subfund; and to declare an emergency. ($100,000.00)
Body
WHEREAS, the creation of the Hilltop Rise Economic Community Development Corporation is aligned with the goals of the Envision Hilltop Plan; and
WHEREAS, Hilltop Rise Economic Community Development Corporation will seek to promote vital development and community investment for residents and business owners on The Hilltop; and
WHEREAS, this funding will allow Hilltop Rise Economic Community Development Corporation to advance work that will encourage the establishment and improvement of the businesses and business community located on The Hilltop; and
WHEREAS, an emergency exists such that it is immediately necessary to authorize the Director of the Department of Neighborhoods to enter into a grant agreement with Community Shares to avoid any delay in providing the necessary funding resources for the establishment and development of Hilltop Rise; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of the Department of Neighborhoods is hereby authorized to enter into a grant agreement with Community Shares of Mid-Ohio in support of Hilltop Rise Economic Community Development Corporation.
SECTION 2. That the expenditure of $50,000.00, or so much thereof as may be necessary, is hereby authorized within the Department of Neighborhoods General Fund 1000, per the accounting codes in the attachment to this ordinance.
SECTION 3. That the appropriation and expenditure of $50,000.00, or so much therefore as may be necessary, is hereby authorized within the Neighborhood Initiatives fund 1000, subfund 100018, per the accounting codes in the attachment to this ordinance.
SECTION 4. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
SECTION 5. That for reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared an emergency measure and shall take effect and be enforced from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.