Agenda Report # 32
WHEREAS, Council approved an Intergovernmental Agreement between the Consolidated Government of Columbus, Georgia and the Development Authority of Columbus, Georgia to facilitate the development of 900 new jobs with expansion of the NCR project; and,
WHEREAS, the Intergovernmental Agreement provided a funding mechanism to meet the commitments made for the project which created jobs and had a positive impact on the local economy through increased ad valorem and sales taxes collected in Columbus, Georgia; and,
WHEREAS, it is necessary to amend to terms or the original agreement to provide funding for additional economic development projects to increase job creation and have a positive impact on the local economy; and,
WHEREAS, the amendment will extend the remaining terms of the agreement from 5 years to 10 years and reduce the annual payment from $948,000 per year to $800,000 per year.
NOW, THEREFORE, THE COUNCIL OF COLUMBUS, GEORGIA, HEREBY RESOLVES AS FOLLOWS:
That the City Manager is hereby authorized to execute an amendment to the Intergovernmental Agreement between the Consolidated Government of Columbus, Georgia and the Development Authority of Columbus, Georgia previously authorized under Resolution 234-09 and further to authorize the City Manager to execute any and all documents necessary to facilitate the execution of the amended agreement.
Tiny B. Washington, Clerk of Council Teresa Pike Tomlinson, Mayor
Amended Intergovernmental Agreement.pdf