Explanation
BACKGROUND: Columbus City Council (Council), by Ordinance No. 2991-1998, passed November 16, 1998, authorized the City to enter into an Enterprise Zone Agreement (the Agreement) with Brooks Beverage Management, Inc. (Enterprise) for a tax abatement of fifty percent (50%) for a period of ten (10) years in consideration of a $9,510,000 investment in real property improvements, a $16,340,000 investment in personal property, and the retention of 275 jobs and the creation of 115 new, permanent, full-time jobs by Enterprise related to a 300,000 square foot addition to their facility at 950 Steltzer Road in Columbus, Ohio and within the City of Columbus Enterprise Zone. The Agreement was made and entered into to be effective December 29, 1998 (EZA# 023-98-07).
This Agreement was subsequently authorized by Council to be amended for the first time to amend the exemption window by Ordinance No. 1159-00, passed June 5, 2000; and that this Agreement was subsequently authorized by Council to be amended for the second time to amend the number of full-time jobs to be created from 115 to 69 and to again amend the exemption window by Ordinance No. 2509-2003, passed December 8, 2003; and that this Agreement was subsequently authorized by Council to be amended for the third time in 2004 to again amend the exemption window, by Ordinance No. 0270-2004, passed February 23, 2004; and that this Agreement was subsequently authorized by Council to be amended for the fourth time to change the name of Enterprise from Brooks Beverage Management, Inc. to Beverage Management, Inc., to add DP Columbus Portfolio LP as the Owner of the real property, and to amend the investment amounts and investment time-frame by Ordinance No. 0784-2006, passed April 24, 2006; and that this Agreement was subsequently authorized by Council to be amended for the fifth time to remove any and all language pertaining to personal property investment and tax abatements related to this personal prope...
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