City of Columbus - File #: 1920-2004

• File #: 1920-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/21/2004
• In control: Jobs and Economic Development Committee
• On agenda: 11/1/2004
• Final action: 11/4/2004
• Title: To authorize the Director of the Department of Development to amend the Enterprise Zone Agreement (EZA) with Millennium Court LLC and The Invironmentalists (formerly DuPont Flooring Systems, Inc.) by adding the tenant, Xpedx, to the EZA and allowing the Xpedx jobs at the project site to be counted toward the job goal under the EZA; and to declare an emergency.

Date	Ver.	Action By	Action	Result
11/4/2004	1	ACTING CITY CLERK	Attest
11/3/2004	1	MAYOR	Signed
11/1/2004	1	Columbus City Council	Approved	Pass
11/1/2004	1	COUNCIL PRESIDENT	Signed
10/28/2004	1	Dev Drafter	Sent to Clerk's Office for Council
10/27/2004	1	City Clerk's Office	Sent back for Clarification/Correction
10/25/2004	1	Dev Drafter	Sent for Approval
10/25/2004	1	CITY ATTORNEY	Reviewed and Approved
10/25/2004	1	Dev Drafter	Sent to Clerk's Office for Council
10/22/2004	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
10/21/2004	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND:
This legislation authorizes the Director of Development to amend the existing Enterprise Zone Agreement (EZA) with Millennium Court LLC and The Invironmentalists (formerly DuPont Flooring Systems, Inc.). The EZA was approved by Columbus City Council Ordinance 2167-00 on October 16, 2000 and amended by Ordinance 1128-01 on July 16, 2001 to replace The Daimler Group Inc. with Millennium Court LLC. Millennium Court LLC is the owner of the real property at 3445 Millennium Court in the CityGate Business Park and The Invironmentalists is the anchor tenant responsible for the job goal under the EZA.

The EZA awarded the project a fifty percent (50%) exemption on real property for eight (8) taxable years (2002-2009) in return for $3.8 million investment in real and personal property, the creation of 28 new jobs and the retention of 115 existing jobs.

The Tax Incentive Review Council (TIRC) in its review of 2003 performance determined that the project has met most of its real property goal, exceeded its personal property goal, met most of its job retention goal but met 0% of its job creation goal. In addition to The Invironmentalists, another tenant, Xpedx, occupies space at the facility. The TIRC has recommended modifying the EZA to add the other tenant, Xpedx, and to allow the tenant's jobs to be counted toward the job goal under the EZA.

The Department of Development concurs with the TIRC's recommendation.

This legislation is presented as an emergency measure in order to meet the new State deadline for City Council vote on TIRC recommendations.

FISCAL IMPACT:
No funding is required for this legislation.



Title

To authorize the Director of the Department of Development to amend the Enterprise Zone Agreement (EZA) with Millennium Court LLC and The Invironmentalists (formerly DuPont Flooring Systems, Inc.) by adding the tenant, Xpedx, to the EZA and allowing the Xpedx jobs at the project site to be counted toward...