Explanation
BACKGROUND: Columbus City Council, by Ordinance 2032-2011, passed December 12, 2011 authorized the Director of the Department of Development to enter into an Enterprise Zone Agreement (Agreement) with Tarrier Foods Corp. and Tarrier Holdings, Inc. (hereinafter “Enterprise”) for a tax abatement of seventy-five percent (75%) for a period of ten (10) years in consideration of a proposed investment of approximately $3 million for building acquisition, $3 million for building renovations, $200,000 in machinery and equipment, the retention of 33 full-time employees with an annual payroll of approximately $1.26 million, and the creation of 17 new permanent full-time positions with an annual payroll of approximately $436,800 related to the acquisition and renovation of a 152,800 square foot facility on Parcel Number 560-233421 at 2700 International Street, Columbus, OH 43228 (The Project Site), in Columbus, Ohio, within the City of Columbus Enterprise Zone (Zone #023) and within the Hilliard City School District. The Agreement was made and entered into to be effective January 25, 2012 (EZA #023-12-01) with the term of the abatement not to commence after 2013 nor extend beyond 2021. The Agreement was subsequently authorized to be amended for the first time to amend the exemption window by Ordinance No. 0995-2013, passed on April 29, 2013, to remove the language regarding the expected real property exemption commencement and completion dates reading “no real property exemption shall commence after 2013 nor extend beyond 2021” to be replaced with “no real property exemption shall commence after 2013 nor extend beyond 2022.” The First Amendment was made and entered into to be effective January 25, 2012.
For Report Year 2012, the first reporting year for Enterprise, only the $1,000 annual monitoring fee was submitted and no annual report was received, which placed the project in a state of non-compliance as per the terms of the Agreement. This information was p...
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