Explanation
BACKGROUND: The need exits to amend Ordinance 1608-2025 (the “ORDINANCE”), approved by Columbus City Council (“COUNCIL”) on June 30, 2025. The ORDINANCE authorized the Director of the Department of Development to enter into a City of Columbus Community Reinvestment Area Agreement (the “AGREEMENT”) on the behalf of the City with Dach Family Limited Partnership (the “ENTERPRISE”) for a tax abatement of seventy-five percent (75%) for a period of fifteen (15) consecutive years in consideration of a proposed investment of approximately $8,000,000.00 in real property improvements to expand their distribution facility of 171,000 square feet by another 109,000 square foot, totaling 280,000 square feet, the creation four (4) full-time jobs with an estimated associated annual payroll of approximately $191,360.00 and the retention of twenty-two (22) existing full-time permanent jobs with an associated estimated annual payroll of approximately $1,381,961.00 (the “PROJECT”) at 6375 LaSalle Dr. Columbus, OH 43137, Parcel No. 495-263842 within the City of Columbus Rickenbacker Community Reinvestment Area (the “PROJECT SITE”).
Prior to executing the AGREEMENT, the 90-day period needed to execute the City of Columbus Community Reinvestment Area Agreement expired, and the ENTERPRISE is requesting the 90-day period be extended to execute the AGREEMENT.
The need now exists to amend the ORDINANCE. The ENTERPRISE is requesting the ORDINANCE be amended to revise the 90-day period needed to execute the AGREEMENT, to 90 days after passage from this ordinance. This will not impact on the scope of the project as authorized by Columbus City Council. All job retention, job creation, and investment commitments remain unchanged.
This legislation is being presented as 30-day legislation.
FISCAL IMPACT:
No funding is required for this legislation.
Title
To amend Ordinance No. 1608-2025, approved by Columbus City Council on June 30, 2025, for the purpose of revising the 90-day period needed to execute the City of Columbus Community Reinvestment Area Agreement, to 90 days after passage from this ordinance. ($0.00)
Body
WHEREAS, the need exists to amend Ordinance No. 1608-2025 (the “ORDINANCE”), which was approved by Columbus City Council on June 30, 2025; and
WHEREAS, the ORDINANCE authorized the Director of the Department of Development to enter into a City of Columbus Community Reinvestment Area Agreement (the “AGREEMENT”) on behalf of the City with Dach Family Limited Partnership (the “ENTERPRISE”) for a tax abatement of seventy-five percent (75%) for a period of fifteen (15) consecutive years in consideration of the ENTERPRISE investing approximately $8,000,000.00 in real property improvements, the creation four (4) full-time permanent positions with an estimated associated annual payroll of approximately $191,360.00 and the retention of twenty-two (22) existing full-time permanent jobs with an associated estimated annual payroll of approximately $1,381,961.00 related to the construction of a new 109,000 square foot expansion to their existing distribution facility consisting of 171,000 square feet, totaling approximately 280,000 square feet (the “PROJECT”) at 6375 LaSalle Dr. Columbus, OH 43137, Parcel No. 495-263842 within the City of Columbus Rickenbacker Community Reinvestment Area (the “PROJECT SITE”); and
WHEREAS, prior to executing the AGREEMENT, the 90-day period needed to execute the City of Columbus Community Reinvestment Area Agreement expired, and the ENTERPRISE is requesting the 90-day period be extended to execute the AGREEMENT; and
WHEREAS, it has become necessary in the usual daily operation the need exists to now seek an amendment from Columbus City Council for Ordinance No. 1608-2025, to revise the 90-day period needed to execute the City of Columbus Community Reinvestment Area Agreement, to 90 days after passage from this ordinance; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That Section 3 of Ordinance No. 1608-2025 is hereby amended to revise the 90-day window needed to execute the City of Columbus Community Reinvestment Area Agreement, to 90 days after the passage of this ordinance, as follows, with additions in underline and deletions in strikethrough:
SECTION 3. That the City of Columbus Community Reinvestment Area Agreement shall be signed by Dach Family Limited Partnership within ninety (90) days of this Ordinance's passage the passage of Ordinance No. 3307-2025, or this Ordinance, and the authorization to enter into the tax abatement agreement incentive authorized herein, is null and void.
SECTION 2. The existing Section 3 of Ordinance No. 1608-2025 is hereby repealed.
SECTION 3. That all other Sections of Ordinance No. 1608-2025 not amended by this ordinance remain in full force and effect.
SECTION 4. That this Ordinance shall take effect and be in force from and after the earliest period allowed by law.