Explanation
BACKGROUND: The need exists to amend Ordinance No. 1987-2021 (the “Ordinance”), approved by Columbus City Council on July 26, 2021. The Ordinance authorized the Director of the Department of Development to enter into a City of Columbus Jobs Growth Incentive Agreement (“the Agreement”) with FlightSafety International Inc. (the “Grantee”). An amendment is now required to revise the 90-day window needed to execute the City of Columbus Jobs Growth Incentive Agreement and to revise the project site location.
The Ordinance authorized the Director of the Department of Development to enter into a City of Columbus Jobs Growth Incentive Agreement for an annual cash payment equal to (i) twenty-five percent (25%) of the City of Columbus income tax withheld on the Columbus payroll of new employees and (ii) thirty percent (30%) of the City of Columbus income tax withheld on the Columbus payroll of new employees, who are also City of Columbus residents for a term of up to five (5) consecutive years on the estimated job creation of 113 net new full-time permanent positions with an annual payroll of $10,130,000 and the retention of 32 full-time permanent positions with an annual payroll of $6,784,416 to be located at 4010 Bridgeway Avenue, Columbus, Ohio 43219, parcel number 010-293794 (the “Project Site”).
Prior to the execution of the Agreement, in a written communication received from the Grantee dated February 8, 2022, the Department of Development was notified that the Project Site had changed. The Project Site address is now 3100 Easton Square Place, Columbus, Ohio 43219, parcel number 010-282381. The Grantee is requesting the Ordinance be amended to replace 4010 Bridgeway Avenue, Columbus, Ohio 43219, parcel number 010-293794 with 3100 Easton Square Place, Columbus, Ohio 43219, parcel number 010-282381 as the Project Site associated with the Agreement. This change will not impact the scope of the project as authorized by Columbus City Council. All job retention, job creation, and investment commitments remain unchanged.
This legislation is requested to be considered as an emergency in order to (i) revise the 90-day period needed to execute the City of Columbus Jobs Growth Incentive Agreement to 90-days after passage from this ordinance, and (ii) to revise the Project Site from 4010 Bridgeway Avenue, Columbus, Ohio 43219, parcel number 010-293794 to 3100 Easton Square Place, Columbus, Ohio 43219, parcel number 010-282381 in order to allow FlightSafety International Inc. to begin investing and creating jobs as quickly as possible, and the related Agreement can be executed without undue delay, thereby allowing FlightSafety International Inc. to make use of the incentive.
FISCAL IMPACT:
No funding is required for this legislation.
Title
To amend Ordinance No. 1987-2021, approved by Columbus City Council July 26, 2021, for the purposes of (i) revising the 90-day period needed to execute the City of Columbus Jobs Growth Incentive Agreement to 90 days after passage from this ordinance, and (ii) to revise the Project Site from 4010 Bridgeway Avenue, Columbus, Ohio 43219, parcel number 010-293794 to 3100 Easton Square Place, Columbus, Ohio 43219, parcel number 010-282381; and to declare an emergency.
Body
WHEREAS, the need exists to amend Ordinance No. 1987-2021, which was approved by Columbus City Council on July 26, 2021; and
WHEREAS, the Ordinance authorized the Director of the Department of Development to enter into a Jobs Growth Incentive Agreement with FlightSafety International Inc. for an annual cash payment equal to (i) twenty-five percent (25%) of the City of Columbus income tax withheld on the Columbus payroll of new employees and (ii) thirty percent (30%) of the City of Columbus income tax withheld on the Columbus payroll of new employees for a term of up to five (5) consecutive years on the estimated job creation of 463 new full-time permanent positions to be located at 4010 Bridgeway Avenue, Columbus, Ohio 43219, parcel number 010-293794 (the “Project Site”); and
WHEREAS, prior to the execution of the Agreement, in a written communication received from the Grantee dated February 8, 2022, the Department of Development was notified that the Project Site had changed. The Project Site address is now 3100 Easton Square Place, Columbus, Ohio 43219, parcel number 010-282381. The Grantee is requesting the Ordinance be amended to replace 4010 Bridgeway Avenue, Columbus, Ohio 43219, parcel number 010-293794 with 3100 Easton Square Place, Columbus, Ohio 43219, parcel number 010-282381 as the Project Site associated with the Agreement; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to seek an amendment from Columbus City Council for Ordinance No. 1987-2021to (i) revise the window to execute the Agreement to 90 days after passage from this ordinance, and (ii) to revise the Project Site from 4010 Bridgeway Avenue, Columbus, Ohio 43219, parcel number 010-293794 to 3100 Easton Square Place, Columbus, Ohio 43219, parcel number 010-282381, thereby preserving the public health, property, safety and welfare; and NOW THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That Section 4 of Ordinance No. 1987-2021 is hereby amended to revise the 90-day window needed to execute the City of Columbus Jobs Growth Incentive Agreement to 90 days after the passage of this proposed ordinance.
SECTION 2. That the Project Site as originally defined in Ordinance No. 1987-2021 is hereby amended to change the Project Site address from 4010 Bridgeway Avenue, Columbus, Ohio 43219, parcel number 010-293794 to 3100 Easton Square Place, Columbus, Ohio 43219, parcel number 010-282381.
SECTION 3. That the City of Columbus Jobs Growth Incentive Agreement be signed by FlightSafety International Inc. within 90 days of passage of this ordinance, or this ordinance and the credit herein shall be null and void.
SECTION 4. For the reasons stated in the preamble hereto, which is made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after passage and approval by the Mayor, or ten (10) days after passage if the Mayor neither approves nor vetoes the same.