Explanation
BACKGROUND: Columbus City Council (Council), by Ordinance No. 1212-2007, passed July 23, 2007, authorized the City to enter into a Community Reinvestment Area Agreement (CRA Agreement) with Whirlpool Corporation (Enterprise), Penske Logistics (Employer) and DB RREEF US Properties LLC (Owner) for a tax abatement of fifty percent (50%) for a period of fifteen (15) years and a Job Creation Tax Credit Agreement (JCTC Agreement) with Enterprise and Employer for a tax incentive of sixty-five percent (65%) for a period of seven (7) years in consideration of a $46,200,000 investment in real property improvements and the creation of 301 permanent full-time jobs related to the construction of a new 1,560,000 square foot facility at 1912 London-Groveport Road, consisting of all or part of parcel numbers 495-234526, 495-234996, and 152-001755 in Columbus, Ohio and within the Rickenbacker Community Reinvestment Area. The actual physical address of the project site is 6241 Shook Road, Lockbourne Ohio, 43127 on parcel numbers 495-286103 and 495- 287287 however the abatement is applied only to parcel number 495-286103. The CRA Agreement was made and entered into to be effective February 26, 2008 (Agreement #08-001 within CRA #049-18000-14). The JCTC Agreement was made and entered into to be effective March 13, 2008. These Agreements were subsequently authorized by Council to be amended for the first time for the purpose of replacing Penske Logistics as Employer and party to both Agreements with Kenco Logistic Services, LLC as Employer and party to both Agreements by Ordinance No. 1868-2008, passed December 1, 2008.
The 2010 Columbus Tax Incentive Review Council (TIRC) reviewed the Whirlpool Corporation, Kenco Logistic Services, LLC & DB RREEF US Properties LLC Community Reinvestment Area project on August 19, 2010, and recommended that the CRA Agreement be continued and that City send Enterprise a job creation warning letter and request a meeting with Enterpris...
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