Explanation
BACKGROUND: The need exists to amend Ordinance No. 1533.-2025 (the “ORDINANCE”), approved by Columbus City Council (“Council”) on June 23, 2025. The ORDINANCE authorized the Director of the Department of Development to enter into a fifth amendment to the City of Columbus Enterprise Zone Agreement (“AGREEMENT”) on behalf of the City with CoverMyMeds LLC, McKesson Corporation, MK 1 Property Company LLC, and MK 2 Property Company, LLC for the purpose of adding McKesson Corporation, and all affiliates and subsidiaries related to the McKesson Corporation as listed in Exhibit A, and any other affiliates or subsidiaries owned or controlled by McKesson Corporation and which are reported to the Department of Development through McKesson Corporation’s annual report to the Department as additional entities and party to the AGREEMENT (collectively, hereinafter referred to as “ENTERPRISE”).
The ENTERPRISE is requesting the AGREEMENT be amended for the fifth time to add McKesson Corporation, and all affiliates and subsidiaries related to the McKesson Corporation and any other affiliates or subsidiaries owned or controlled by McKesson Corporation and which are reported to the Department of Development through McKesson Corporation’s annual report to the Department as additional entities and party to the AGREEMENT, and henceforth contribute to the new job creation and payroll, and the retained jobs and payroll commitments as set forth in the AGREEMENT.
Prior to executing the amendment to the City of Columbus Enterprise Zone Agreement, the 90-day period needed to execute the amendment to the AGREEMENT expired, and the ENTERPRISE is requesting the 90-day period be extended to execute the amendment to the AGREEMENT.
The need now exists to amend the ORDINANCE. The ENTERPRISE is requesting the ORDINANCE be amended to revise the 90-day period needed to execute the amendment to the AGREEMENT, to 90 days after passage from this ordinance. This will not impact on the sc...
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