Explanation
BACKGROUND:
The need exists to amend Ordinance 2509-2003, passed by Columbus City Council on December 8, 2003, to revise an incorrect time period appearing in Section 1 of the Ordinance. The modification changes the time period during which Brooks Beverage Management Inc. is eligible for an Enterprise Zone tax incentive on real property improvements. The dates need to be changed from 2004 - 2013 to 2005 - 2014.
Emergency action is necessary to allow the completion of the Enterprise Zone Agreement between the City and Brooks Beverage Management, Inc. without further delay.
FISCAL IMPACT:
No funding is required for this legislation.
Title
To amend Ordinance 2509-2003, passed December 8, 2003, by revising Section 1 of the Ordinance to correctly state that Brooks Beverage Management is eligible for a real property tax incentive beginning in 2005 and ending in 2014; and to declare an emergency. (AMENDED BY ORD.
Body
WHEREAS, the Columbus City Council passed Ordinance 2509-2003 on December 8, 2003 for the purpose of modifying an Enterprise Zone Agreement for Brooks Beverage Management, Inc., which had been approved by Columbus City Council Ordinance No. 2991-98, passed November 16, 1998; and
WHEREAS, a set of incorrect dates appeared in Section 1 of Ordinance 2509-2003 relating to the period of real property tax exemption extended to Brooks Beverage Management, Inc; and
WHEREAS, the dates need to be revised to correctly read 2005-2014; and
WHEREAS, emergency action is necessary to allow the completion of the Enterprise Zone Agreement between the City and Brooks Beverage Management, Inc. without further delay; and
WHEREAS, an emergency exists in the usual daily operation of the City, in that it is immediately necessary to amend Ordinance 2509-2003 in order to preserve the public health, peace, property, safety, and welfare; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That Section 1 of Ordinance No. 2509-2003, passed December 8, 2003, be and is hereby
amended to read as follows:
Section 1. That the Director of the Department of Development is hereby authorized to amend the Enterprise Zone Agreement between the City and Brooks Beverage Management, Inc., by delaying the tax exemption to 2005-2014.
Section 2. That for the reasons stated in the preamble hereto, which is hereby 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 its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.