To authorize the Director of the Department of Development to enter into a grant agreement with the Columbus Center of Entrepreneurial Development, an Ohio nonprofit corporation, in an amount of up to $500,000.00 to reimburse for the Phase I architectural, engineering and other soft costs of the property at 1878-1890 E. Main Street that provides training and business incubation assistance; to amend the 2024 Capital Improvement Budget; to authorize the transfer of funds within the Development Taxable Bonds Fund; to authorize the expenditure of $500,000.00 from the Development Taxable Bonds Fund; and to also allow for reimbursements incurred prior to the Purchase Order. ($500,000.00) (Amended by ord. 0841-2025 passed on 4/7/2025 -LG).

Committee

Economic Development & Small and Minority Business Committee

Requested by

Dev Drafter

Introduced

October 21, 2024

On agenda

November 25, 2024

Passed

November 27, 2024

Where it was heard

Columbus City Council Nov 25, 2024 Approved Pass Columbus City Council Nov 18, 2024 Read for the First Time

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