Explanation
BACKGROUND: The need exists to amend the Downtown Office Incentive (DOI) Agreement with Rampart Hosting, LLC. Columbus City Council, by Ordinance 0369-2012 passed on March 5, 2012, authorized the Director of the Department of Development to enter into a DOI Agreement of fifty percent (50%) for a period of five (5) consecutive years. The Department of Development received a written request from Rampart Hosting, LLC requesting the City to change the project site address from 330 W. Spring Street Suite 260 to 363 W. Nationwide Blvd. The company moved into a new location within the Downtown Business District, more specifically, the Arena District and therefore remains eligible for the City Council approved DOI. An amendment is now required to change Rampart Hosting, LLC's project site address from 330 West Spring Street Suite 260 to 363 W. Nationwide Blvd.
This legislation is requested to be considered as an emergency in order to allow Rampart Hosting, LLC to receive the remaining benefits of the council approved Downtown Office Incentive.
FISCAL IMPACT: No funding is required for this legislation.
Title
To amend the Downtown Office Incentive Agreement with Rampart Hosting, LLC for the purpose of changing the Grantee's project site address from 330 W. Spring Street Suite 260 to 363 W. Nationwide Blvd. ; and to declare an emergency.
Body
WHEREAS, on March 5, 2012, Columbus City Council passed Ordinance 0369-2012 for a five (5) year, fifty percent (50%) Downtown Office Incentive (DOI) for Rampart Hosting, LLC; and
WHEREAS, the ordinance authorized the Director of the Department of Development to enter into a Downtown Office Incentive Agreement of fifty percent (50%) for a period of five (5) years with Rampart Hosting, LLC; and
WHEREAS, the Department of Development received a written notification from Rampart Hosting, LLC requesting the City to change the project site address from 330 W. Spring Street Suite 260 to 363 W. Nationwide Blvd.; and
WHEREAS, the company moved into a new location within the Downtown Business District, more specifically, the Arena District and therefore remains eligible for the City Council approved DOI; and
WHEREAS, the need exists to amend the agreement with Rampart Hosting LLC, which was approved by Columbus City Council on March 5, 2012 and entered into on May 11, 2012; now therefore and
WHEREAS, an emergency exists in the usual daily operation of the Columbus Department of Development in that it is immediately necessary to amend the Downtown Office Incentive Agreement with Rampart Hosting, LLC in order to allow Rampart Hosting, LLC to receive the remaining benefits of the council approved Downtown Office Incentive, thereby preserving the public, health, peace, property and safety; NOW THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. The Downtown Office Incentive Agreement with Rampart Hosting, LLC is hereby amended to change the Grantee's project site address from 330 W. Spring Street Suite 260 to 363 W. Nationwide Blvd.
Section 2. That City Council hereby finds and determines that the project meets all the requirements of the City Act.
Section 3. That the City of Columbus Downtown Office Incentive Amendment is signed by Rampart Hosting, LLC 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 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 (10) days after passage if the Mayor neither approves nor vetoes this Ordinance. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.