City of Columbus - File #: 1425-2006

• File #: 1425-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 7/21/2006
• In control: Jobs and Economic Development Committee
• On agenda: 7/31/2006
• Final action: 8/2/2006
• Title: To amend the 2006 Capital Improvement Budget; to authorize the City Auditor to transfer $1,750,000 from the Special Income Tax Fund to the Northland and Other Acquisitions Fund 735; to authorize the Director of Development to enter into a Guaranteed Maximum Price Reimbursement Agreement with MORSO Holding Co. for up to $1,750,000 to design and construct a portion of a new roadway called Easton Square Place, and related utilities; to waive the provisions of Chapter 329 of Columbus City Code; to authorize the expenditure of $1,750,000 from Fund 735; and to declare an emergency. ($1,750,000)

Date	Ver.	Action By	Action	Result
8/2/2006	1	MAYOR	Signed
8/2/2006	1	ACTING CITY CLERK	Attest
7/31/2006	1	Columbus City Council	Approved	Pass
7/31/2006	1	COUNCIL PRESIDENT	Signed
7/26/2006	1	ODI DIRECTOR	Reviewed and Approved
7/26/2006	1	Dev Drafter	Sent for Approval
7/26/2006	1	CITY ATTORNEY	Reviewed and Approved
7/26/2006	1	Dev Drafter	Sent to Clerk's Office for Council
7/25/2006	1	Auditor Reviewer	Reviewed and Approved
7/25/2006	1	CITY AUDITOR	Reviewed and Approved
7/25/2006	1	Dev Drafter	Sent for Approval
7/25/2006	1	EBOCO Reviewer	Reviewed and Approved
7/24/2006	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
7/24/2006	1	Dev Drafter	Sent for Approval
7/24/2006	1	Finance Reviewer	Reviewed and Approved
7/24/2006	1	FINANCE DIRECTOR	Reviewed and Approved
7/24/2006	1	Dev Drafter	Sent for Approval
7/21/2006	1	Dev Drafter	Sent for Approval

Explanation

Background: Alliance Data Systems proposes to relocate from Gahanna to Columbus. To effect such relocation, a new 200,000 square foot facility will need to be constructed to house their 529 existing professional and technical employees and the 54 new positions that will be created. The City of Columbus has offered a tax abatement and Job Creation Tax Credits. The City of Columbus has committed to funding this new roadway and related utilities for purposes of creating economic development opportunities and increasing the real and personal property tax and income tax revenues of the City.

Fiscal Impact: The $1,750,000 will come from the Special Income Tax Fund. This legislation authorizes the appropriation, transfer and the expenditure of funds. This transfer from the Special Income Tax Fund is only a temporary funding measure until bonds are sold in 2006 at which time the Special Income Tax Fund will be reimbursed for this transaction.

Emergency Justification: Emergency action is necessary in order to adhere to Alliance Data System's schedule for its relocation decision, building construction and occupancy, and for the preservation of the public health, peace, property and safety.



Title

To amend the 2006 Capital Improvement Budget; to authorize the City Auditor to transfer $1,750,000 from the Special Income Tax Fund to the Northland and Other Acquisitions Fund 735; to authorize the Director of Development to enter into a Guaranteed Maximum Price Reimbursement Agreement with MORSO Holding Co. for up to $1,750,000 to design and construct a portion of a new roadway called Easton Square Place, and related utilities; to waive the provisions of Chapter 329 of Columbus City Code; to authorize the expenditure of $1,750,000 from Fund 735; and to declare an emergency. ($1,750,000)


Body

WHEREAS, Alliance Data Systems proposes to relocate their 529 existing employees from Gahanna to the City of Columbus into a new 200,000 square fo...