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 2008 reporting year.
FISCAL IMPACT: For tax year 2008, the City of Columbus had a total of five (5) active JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for 2008. The total dollar amount to be disbursed for these five (5) 2008 JGI payments is $226,149.54. The five (5) projects with the JGI payment subtotals are as follows: $1,921.30 to Advanced Engineering Consultants Ltd.; $4,323.75 to eCommerce, Inc.; $211,312.82 to Ohio State University Physicians, Inc.; $5,996.03 to Ohio Valley Cable Services; and $2,595.64 to Zyvex Performance Materials, Inc.
Title
To authorize and direct the City Auditor to make payments totaling $226,149.54 in accordance with the Jobs Growth Incentive Program agreements to Advanced Engineering Consultants Ltd., eCommerce, Inc., Ohio State University Physicians, Inc., Ohio Valley Cable Services and Zyvex Performance Materials, Inc.; to authorize the expenditure of $226,149.54 from the General Fund; and to declare an emergency. ($226,149.54)
Body
WHEREAS, the Columbus Jobs Growth Incentive Program is one of the development tools utilized by the City of Columbus to encourage new job creation; and
WHEREAS, it is necessary to authorize payments to employers who have met the requirements under their Jobs Growth Incentive Program agreement; and
WHEREAS, the City of Columbus had a total of five (5) active JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for 2008 and the total dollar amount to be disbursed for these five (5) 2008 JGI payments is $226,149.54; and
WHEREAS, there were ninety-two (92) new jobs created as a result of these five (5) active JGI projects as reported during the 2008 reporting period; and
WHEREAS, it is necessary at this time to authorize payment of $1,921.30 to Advanced Engineering Consultants Ltd.; $4,323.75 to eCommerce, Inc.; $211,312.82 to Ohio State University Physicians, Inc.; $5,996.03 to Ohio Valley Cable Services; and $2,595.64 to Zyvex Performance Materials, Inc.; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to make payments in accordance with the Jobs Growth Incentive Program agreements, all for the preservation of the public health, property, safety; and welfare; NOW, THEREFORE
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor is hereby authorized and directed to make payments in accordance with the Jobs Growth Incentive Program agreements as follows: $1,921.30 to Advanced Engineering Consultants Ltd.; $4,323.75 to eCommerce, Inc.; $211,312.82 to Ohio State University Physicians, Inc.; $5,996.03 to Ohio Valley Cable Services; and $2,595.64 to Zyvex Performance Materials, Inc.
Section 2. That the expenditure of $226,149.54, or so much as may be necessary, be and is hereby authorized from the Development Department, Economic Development Division, Department 44-02, General Fund, Fund 010, OCA Code 440314, Object Level Three 5513.
Section 3. 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.