Explanation
BACKGROUND: Columbus City Council, by Ordinance Number 1082-2005, passed June 20, 2005, authorized the City to enter into an Enterprise Zone Agreement (the Agreement) with Columbus Wood Products, LLC, Continental Millworks Company, LLC, Nacht Holdings, LLC, and 1800 Fifth Ave. Holdings, LLC (Enterprise) for a tax abatement of sixty-five percent (65%) for a period of seven (7) years in consideration of a $2.4 million investment in real property improvements, a $160,000 investment in personal property, the retention of 98 permanent full-time jobs, and the creation of 21 permanent full-time jobs related to the renovation of a facility of approximately 117,000 square feet on Parcel Number 010-014784 at 1800 E. Fifth Avenue, located in Columbus, Ohio and within the City of Columbus Enterprise Zone. The Agreement was made and entered into to be effective August 2, 2005 (EZA# 023-05-06) and was subsequently authorized by Council to be amended for the first time by Ordinance Number 1551-2008, passed October 20, 2008, effective April 20, 2009, to allow the full-time jobs that are generated by tenants at the project site to be counted toward the full-time job creation commitment in the Agreement and was again subsequently authorized by Council to be amended for the second time by Ordinance Number 0614-2009, passed on May 11, 2009, effective January 1, 2009 that eliminated any and all language from the Agreement that pertained to personal property investment.
During the most recent tax abatement reporting cycle following Report Year 2009 which ended December 31, 2009, the $1,000 monitoring fee check submitted by Enterprise as part of their annual reporting submission was returned as the account from which payment was to be made had been closed. Subsequent attempts made by the City to contact Enterprise both by telephone and by site visits were unsuccessful in making contact with Enterprise. On May 27, 2010 a package was received by the City which containe...
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