Explanation
BACKGROUND: The City of Columbus entered into a Job Creation Tax Credit Agreement (hereinafter "Agreement") with CallTech Communications, LLC (hereinafter "Project") effective November 7, 2003. Columbus City Council approved the Agreement by Ordinance 2080-2003, adopted September 22, 2003, and granted a non-refundable tax credit allowed against the tax imposed under Article 9, Chapter 361 of the Columbus City Codes (the "City Tax Credit") of sixty percent (60%) of the new income tax revenue received by the City for a taxable year from new employees, as that term was defined in Section 4 of the Agreement, commencing September 22, 2003 and for ten (10) consecutive years thereafter based on the investment of $1.3 million leasehold improvements at the project site, the retention of 611 employees, and the creation of 400 new permanent full-time positions.
Because Project had failed to submit an Annual Report for Report Year 2008, the Annual Report documents for both Report Year 2009 and Report Year 2008 were sent to Project via Certified Mail on April 26, 2010. Project received the materials as indicated by the return of the signed Domestic Return Receipt Card by the United States Postal Service and received by the City on May 3, 2010. The cover memo included in the mailing directed that Project submit monitoring fees totaling $2,000 and reporting materials for both reporting years by the reporting deadline of May 24, 2010, and should that not occur the Agreement would be dissolved.
A request for further information was made by Project via email on May 3, 2010. This information was sent to Project via return email on May 4, 2010. As of the due date of May 24, 2010, no reporting materials had been received, nor have any materials or follow-up correspondence been received to date.
Project is now and has been out of compliance with the reporting requirements of the Agreement for Reporting Years 2008 and 2009 and due to the failure of Project to ...
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