Explanation
BACKGROUND: The need exists to amend Ordinance Number 1195-02, passed by Columbus City Council on July 29, 2002, and to amend the existing agreement with Roxane Laboratories Inc. Inc. and its affiliates. Ordinance Number 1195-02 authorized the Director of the Department of Development to enter into an Enterprise Zone Agreement with Roxane Laboratories Inc. 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. Due to the growth of Roxane Laboratories Inc., there is insufficient space to complete the project on Wilson Road as described in the agreement. Additional space is being considered at 700 Manor Park Road Columbus, Ohio. The company would like to renovate approximately 42,000 square feet at an existing manufacturing facility on Wilson Road and an additional 288,100 square feet at a warehouse and distribution facility on Manor Park Road. The renovation of the additional 288,100 square feet would also include an additional investment of $1.1 million in real property improvements and $2.1 million in machinery and equipment. Roxane Laboratories Inc. is asking Columbus City Council to extend the incentive to the Manor park location.
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 Enterprise Zone Agreement between the City of Columbus and Roxane Laboratories Inc. and its affiliates; and to declare an emergency.
Body
WHEREAS, t...
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