Explanation
BACKGROUND: Columbus City Council, by Ordinance 1624-2010, passed on December 6, 2010, authorized the City of Columbus to enter into a Jobs Growth Incentive Agreement (Agreement) with The Ohio State University Medical Center, (also referred to as the "Grantee"). The Agreement was an incentive which would pay annually an amount equal to thirty percent (30%) of the income tax withheld on new employees for a term of up to 15 years, not to exceed $35 million, in consideration of the proposed investment by Grantee of $1.005 billion and the creation of 5,615 full-time permanent positions. Ordinance 0939-2011, passed by Council on June 20, 2011, authorized an amendment to the Agreement changing the Grantee from The Ohio State University Medical Center to The Ohio State University on behalf of The Ohio State University Medical Center. The Agreement was made and entered into effective August 24, 2011 with the project site being identified as 410 West 10th Avenue, Columbus, Ohio 43210 (Project Site).
In a letter from the Grantee dated December 5, 2013, the Grantee indicated that effective February 10, 2012, The Ohio State University Board of Trustees voted to change the name of The Ohio State University Medical Center to The Ohio State University Wexner Medical Center (OSUWMC) and requested that the Agreement be amended to reflect this change. The letter also requested that the Project Site definition in the Agreement be expanded from 410 West 10th Avenue, Columbus, Ohio 43210 to include all sites affiliated with OSUWMC throughout the City of Columbus affected by the Medical Center's expansion project.
This legislation is requested to be considered as an emergency in order to (1) amend the Agreement to change the name of the Grantee from The Ohio State University on behalf of its Ohio State University Medical Center to The Ohio State University Wexner Medical Center, and to (2) expand the Project Site definition in the Agreement from 410 West 10th Avenue, Columbus, Ohio 43210 to include all sites affiliated with OSUWMC throughout the City of Columbus affected by the Medical Center's expansion project, so that the Agreement can be amended prior to the start of the reporting season for Report Year 2014.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of the Department of Development to amend the Jobs Growth Incentive Agreement with The Ohio State University on behalf of its Ohio State University Medical Center to change the name of the Grantee in the Agreement to The Ohio State University Wexner Medical Center; to amend the Agreement to expand the Project Site definition; and to declare an emergency.
Body
WHEREAS, Columbus City Council approved a Jobs Growth Incentive Agreement (Agreement) with The Ohio State University Medical Center (also referred to as the "Grantee") by Ordinance 1624-2010 on December 6, 2010; and
WHEREAS, Ordinance 0939-2011, passed by Council on June 20, 2011, authorized the Agreement to be amended to change the Grantee from The Ohio State University Medical Center to The Ohio State University on behalf of The Ohio State University Medical Center; and
WHEREAS, the Agreement was made and entered into effective August 24, 2011, by and between the City and The Ohio State University on behalf of its Ohio State University Medical Center (again, "Grantee" or also "OSUMC") with the Project Site being identified as 410 West 10th Avenue, Columbus, Ohio 43210; and
WHEREAS, the Agreement was for an incentive which would pay annually an amount equal to thirty percent (30%) of the income tax withheld on new employees for a term of up to 15 years, not to exceed $35 million, in consideration of the proposed investment by OSUMC of $1.005 billion and the creation of 5,615 full-time permanent positions; and
WHEREAS, a letter from the Grantee dated December 5, 2013 indicated that effective February 10, 2012, The Ohio State University Board of Trustees voted to change the name of The Ohio State University Medical Center to The Ohio State University Wexner Medical Center (OSUWMC) and requested that the Agreement be amended to reflect this change; and
WHEREAS, the letter also requested that the Project Site definition in the Agreement be expanded from 410 West 10th Avenue, Columbus, Ohio 43210 to include all sites affiliated with OSUWMC throughout the City of Columbus affected by the Medical Center's expansion project; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to amend said Agreement prior to the start of the reporting season for Report Year 2014, thereby preserving the public health, peace, property and safety, NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of the Department of Development is hereby authorized to amend the Jobs Growth Incentive Agreement with The Ohio State University on behalf of its Ohio State University Medical Center to change the name of the Grantee in the Agreement to The Ohio State University Wexner Medical Center.
SECTION 2. That the Director of Development is also hereby authorized to amend the Agreement to expand the Project Site definition in the Agreement from 410 West 10th Avenue, Columbus, Ohio 43210 to include all sites affiliated with The Ohio State University Wexner Medical Center throughout the City of Columbus affected by the Medical Center's expansion project.
SECTION 3. That the amendment to the City of Columbus Jobs Growth Incentive Agreement be signed by The Ohio State University Wexner Medical Center within ninety (90) days of passage of this ordinance, or this ordinance and the incentive authorized herein shall be null and void.
SECTION 4. That for reasons stated in the preamble hereto, which is hereby made a part hereof, the 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 the passage if the Mayor neither approves nor vetoes the same.