City of Columbus - File #: 0906-2011

• File #: 0906-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/6/2011
• In control: Development Committee
• On agenda: 6/27/2011
• Final action: 6/28/2011
• Title: To authorize and direct the City Auditor to transfer $2,114,514.42 within the General Fund; to authorize and direct the City Auditor to appropriate and transfer $528,628.61 in cash from the Special Income Tax Fund to the General Fund; to authorize and direct the City Auditor to make payments totaling $2,114,514.42 in accordance with the Jobs Growth Incentive Program agreements; to authorize the expenditure of $2,114,514.42 from the General Fund; and to declare an emergency. ($2,114,514.42)

Date	Ver.	Action By	Action	Result
6/28/2011	1	MAYOR	Signed
6/28/2011	1	CITY CLERK	Attest
6/27/2011	1	Columbus City Council	Taken from the Table	Pass
6/27/2011	1	Columbus City Council	Approved as Amended	Pass
6/27/2011	1	Columbus City Council	Amended to 30 day	Pass
6/27/2011	1	COUNCIL PRESIDENT	Signed
6/20/2011	1	Columbus City Council	Tabled to Certain Date	Pass
6/10/2011	1	Auditor Reviewer	Reviewed and Approved
6/10/2011	1	CITY AUDITOR	Reviewed and Approved
6/10/2011	1	Dev Drafter	Sent for Approval
6/10/2011	1	CITY ATTORNEY	Reviewed and Approved
6/10/2011	1	Dev Drafter	Sent to Clerk's Office for Council
6/9/2011	1	Finance Reviewer	Reviewed and Approved
6/9/2011	1	Finance Reviewer	Reviewed and Approved
6/9/2011	1	FINANCE DIRECTOR	Reviewed and Approved
6/9/2011	1	Dev Drafter	Sent for Approval
6/8/2011	1	Finance Reviewer	Reviewed and Approved
6/7/2011	1	Dev Drafter	Sent for Approval
6/6/2011	1	Dev Drafter	Sent for Approval
6/6/2011	1	DEVELOPMENT DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND: This legislation authorizes the payments to employers who have met the requirements of their Jobs Growth Incentive Program (JGI) agreement and are eligible for payment for the 2010 reporting (tax) year.

For tax year 2010, the City of Columbus had a total of fourteen (14) active JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for 2010. The total dollar amount to be disbursed for these fourteen (14) 2010 JGI payments is $2,114,514.42. The fourteen (14) projects with the JGI payment subtotals are as follows: $8,551.99 to Advanced Engineering Consultants Ltd.; $4,751.19 to Castor Connection, Inc.; $13,287.82 to ComResource; $22,995.10 to eCommerce, Inc.; $58,864.17 to Express LLC; $98,272.62 to Grange Mutual Casualty Company; $9,993.22 to International Diversified Funding, Inc.; $5,419.48 to Joseph T. Ryerson & Son, Inc.; $42,734.15 to Limbach Company LLC; $1,310,339.60 to Nationwide Children's Hospital; $500,441.46 to Ohio State University Physicians, Inc.; $28,686.64 to Ohio Valley Cable Services, Inc.; $2,489.37 to Syscom Advanced Materials; and $7,687.61 to Zyvex Performance Materials, LLC.

FISCAL IMPACT: The 2011 General Fund budget (citywide account) includes funding for these payments. A transfer equal to 25 percent (25%) of the payments will be transferred from the Special Income Tax Fund. The transfer amount of $528,628.61 has been factored into the current special income tax analysis and resultant capital capacity.


Title

To authorize and direct the City Auditor to transfer $2,114,514.42 within the General Fund; to authorize and direct the City Auditor to appropriate and transfer $528,628.61 in cash from the Special Income Tax Fund to the General Fund; to authorize and direct the City Auditor to make payments totaling $2,114,514.42 in accordance with the Jobs Growth Incentive Program agreements; to authorize the expenditure of $2,11...