Explanation
Background:
Economic and Community Development Institute, Inc. (ECDI) is a local community development corporation providing technical assistance, training, and resources to minority-owned small businesses in the construction trades, through a Community Development Block Grant (CDBG) subaward grant agreement with the City of Columbus, Department of Finance and Management.
Ordinance 3221-2021 authorized the Department of Finance and Management to appropriate and expend $200,000.00 of the United States Department of Housing and Urban Development (HUD) CDBG funding through the ECDI Capital for Construction Technical Assistance and Workshops Program subaward grant agreement.
This ordinance is needed to authorize the Director of the Department of Finance and Management to modify the existing subaward grant agreement to extend the time period of the agreement due to project delays.
Fiscal Impact: There is no additional funding required for this extension.
Title
To authorize the Director of the Department of Finance and Management to modify the CDBG subaward grant agreement for Economic and Community Development Institute, Inc. in the amount of $200,000.00, in order to extend the period of the agreement for an additional three months, through March 31, 2023; and to declare an emergency. ($0.00)
Body
WHEREAS, the City is supportive of Economic and Community Development Institute, Inc.’s work to provide minority-owned and low-income businesses with industry-specific training, technical assistance, access to markets and bid opportunities, and connect businesses to working capital; and
WHEREAS, in December 2021, through Ordinance 3221-2021, Council authorized the Director of Finance and Management to appropriate CDBG funds and enter into a subaward grant agreement with ECDI for $200,000.00; and
WHEREAS, the terms of the agreement provided a time period commencing January 1, 2022 and ending December 31, 2022; and
WHEREAS, it is necessar...
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