Explanation
BACKGROUND: The need exists to amend Ordinance Number 1915-03 passed by Columbus City Council on July 28, 2003 and to amend the agreement with Roxane Laboratories Inc. and its affiliates. Ordinance Number 1195-02, passed by Council on July 29, 2002, authorized the Director of the Department of Development to enter into an Enterprise Zone Agreement with Roxane Laboratories Inc, and its affiliates for a tax abatement of seventy five percent (75%) on the value of personal property and real property improvements for ten (10) taxable years. Roxane Laboratories, Inc's plans include the expansion of its current facility on Wilson Road with the addition of new manufacturing lines. The expansion includes an investment of over $224 million, the creation of ninety-five (95) permanent full-time jobs, and the retention of over nine hundred (900) full-time jobs. On July 28, 2003, Columbus City Council passed Ordinance No. 1915-03 to authorize the Director of the Department of Development to amend the Enterprise Zone Agreement with Roxane Laboratories, Inc. Due to the growth of Roxane Laboratories, there was insufficient space to complete the project on Wilson Road as described in the agreement. Additional space was needed at 700 Manor Park Road Columbus, Ohio. The additional space added $3.2 million to the project expansion. The company is requesting an additional amendment because additional renovation is needed at 700 Manor Park Drive. The additional renovation will add an additional $10 million to the project expansion. The total cost of the project, including all additions, is $237 million.
The Southwestern School District has been advised of this project.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of the Department of Development to amend the amendment for Roxane Laboratories and to amend the amended agreement to the Enterprise Zone Agreement between the City of Columbus and Rox...
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