A Resolution Authorizing _THE CITY MANAGER TO EXECUTE AN AMENDMENT TO THE INTERGOVERNMENTAL AGREEMENT \n \n WITH THE DEVELOPMENT AUTHORITY OF COLUMBUS FOR FUNDING OF ECONOMIC DEVELOPMENT \n \n PROJECTS___________ whereas, _Council approved an Intergovernmental Agreement between the Consolidated \n \n Government of Columbus, Georgia and the Development Authority of Columbus, \n \n Georgia to facilitate the development of 900 new jobs with expansion of the NCR \n \n project and,______________
whereas, _The Intergovernmental Agreement provided a funding mechanism to meet the \n \n commitments made for the project which created jobs and had a positive impact \n \n on the local economy through increased ad valorem and sales taxes collected in \n \n Columbus, Georgia and,__________
WHEREAS, It is necessary to amend to terms or the original agreement to \n \n provide funding for additional economic development projects to increase job \n \n creation and have a positive impact on the local economy and, \n \n WHEREAS, _The amendment will extend the remaining terms of the agreement from 5 \n \n years to 10 years and reduce the annual payment from $948,000 per year to \n \n $800,000 per year.
NOW, THEREFORE, THE COUNCIL OF COLUMBUS, GEORGIA, HEREBY
RESOLVES AS FOLLOWS:
_The City Manager is authorized to execute an amendment to the \n \n Intergovernmental Agreement between the Consolidated Government of Columbus, \n \n Georgia and the Development Authority of Columbus, Georgia previously \n \n authorized under Resolution 234-09 and further to authorize the City Manager to \n \n execute any and all documents necessary to facilitate the execution of the \n \n amended agreement._____________
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Introduced at a regular meeting of the Council of Columbus, Georgia, held the _________ day of _____________ and adopted at said meeting by the affirmative vote of _____________ members of said Council.
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