Explanation
BACKGROUND: The need exists to amend Ordinance 1750-2013, which was approved by Columbus City Council on July 22, 2013. The ordinance authorized the Director of the Department of Development to enter into a Downtown Office Incentive Agreement of fifty percent (50%) for a period of five (5) years with Pillar Technology Group, Inc. Prior to the execution of the agreement, it was discovered that the company name was inadvertently misidentified in the legislation. Ordinance 2293-2013, passed October 7, 2013, attempted to amend the Downtown Office Incentive ordinance to reflect this name change but was subsequently found to contain an error and therefore needs to be repealed. An amendment is now required to change the grantee’s name from Pillar Technology Group, Inc. to Pillar Technology Group, LLC.
This legislation is requested to be considered as an emergency in order to allow Pillar Technology Group, LLC to begin investing and creating jobs as quickly as possible.
FISCAL IMPACT: No funding is required for this legislation.
Title
To amend Ordinance 1750-2013, passed by Columbus City Council on July 22, 2013, for the purpose of changing the name of the Grantee to the Columbus Downtown Office Incentive Agreement from Pillar Technology Group, Inc. to Pillar Technology Group, LLC; to repeal Ordinance 2293-2013; and to declare an emergency.
Body
WHEREAS, the need exists to amend Ordinance 1750-2013, which was approved by Columbus City Council on July 22, 2013; and
WHEREAS, the ordinance authorized the Director of the Department of Development to enter into a Downtown Office Incentive Agreement of fifty percent (50%) for a period of five (5) years with Pillar Technology Group, Inc.; and
WHEREAS, prior to execution of the agreement, it was discovered that the company was inadvertently misidentified in the legislation and an amendment is now required to change the Grantee’s name from Pillar Technology Group, Inc. to Pillar Technology Group, L...
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