Description
Title: To authorize the Director of the Department of Development to enter into a not-for-profit service contract with the Tony R. Wells Foundation in an amount up to $1,000,000.00 to act as fiscal manager of the American Dream Downpayment Initiative (ADDI) program; to authorize the appropriation and expenditure in an amount up to $1,000,000.00 from the Housing Business Tax Incentive fund; to advance funding per a predetermined schedule; and to declare an emergency. ($1,000,000.00)
Summary
The document outlines the details of a non-profit organization, The Tony R. Wells Foundation, registered in Lewis Center, Ohio, with active status until January 2, 2029. The foundation has undergone various filings since its original incorporation in 2000, including renewals, appointments, and cancellations of trade names. The most recent activity includes a merger planned for January 2, 2024. Additionally, the document references Ordinance Number 0749-2026, which authorizes a $1,000,000 appropriation for a project linked to the Department of Health. This funding is intended to support specific community health initiatives. The legislation is significant as it allocates substantial resources for public health, impacting the residents of Columbus by potentially