City of Columbus - File #: 0975-2010

• File #: 0975-2010
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/21/2010
• In control: Finance & Economic Development Committee
• On agenda: 7/12/2010
• Final action: 7/14/2010
• Title: To authorize and direct the City Auditor to transfer $241,302.08 within the General Fund; to authorize and direct the City Auditor to make payments totaling $1,317,182.00 in accordance with the Jobs Growth Incentive Program agreements; to authorize the expenditure of $1,317,182.00 from the General Fund; and to declare an emergency. ($1,317,182.00)

Date	Ver.	Action By	Action	Result
7/14/2010	1	MAYOR	Signed
7/14/2010	1	CITY CLERK	Attest
7/12/2010	1	Columbus City Council	Approved	Pass
7/12/2010	1	COUNCIL PRESIDENT	Signed
7/2/2010	1	CITY ATTORNEY	Reviewed and Approved
7/2/2010	1	Dev Drafter	Sent to Clerk's Office for Council
7/1/2010	1	FINANCE DIRECTOR	Reviewed and Approved
7/1/2010	1	Dev Drafter	Sent for Approval
7/1/2010	1	Auditor Reviewer	Reviewed and Approved
7/1/2010	1	CITY AUDITOR	Reviewed and Approved
7/1/2010	1	Dev Drafter	Sent for Approval
6/30/2010	1	Finance Reviewer	Reviewed and Approved
6/29/2010	1	Finance Reviewer	Reviewed and Approved
6/28/2010	1	Dev Drafter	Sent for Approval
6/23/2010	1	Dev Drafter	Sent for Approval
6/23/2010	1	DEVELOPMENT DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND: This legislation authorizes payments to employers who have met the requirements of their Jobs Growth Incentive Program (JGI) agreement and are eligible for payment for the 2009 reporting (tax) year.

For tax year 2009, the City of Columbus had a total of fourteen (14) active JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for 2009. The total dollar amount to be disbursed for these 14 2009 JGI payments is $1,317,182.00. The 14 projects with the JGI payment subtotals are as follows: $8,682.75 to Advanced Engineering Consultants Ltd.; $355.38 to Castor Connection, Inc.; $4,290.80 to ComResource; $13,521.93 to eCommerce, Inc.; $14,210.16 to Fitch, Inc.; $99,712.54 to Grange Mutual Casualty Company; $8,680.16 to International Diversified Funding, Inc.; $18,860.87 to Mission Essential Personnel; $794,449.45 to Nationwide Children's Hospital; $301,503.24 to Ohio State University Physicians, Inc.; $12,370.98 to Ohio Valley Cable Services; $32,968.34 to Red Roof Inns, Inc., and Red Roof Franchising, LLC; $2,152.19 to Syscom Advanced Materials; and $5,423.21 to Zyvex Performance Materials, Inc.

FISCAL IMPACT: This ordinance authorizes the transfer of $241,302.08 within the General Fund from the Department of Finance & Management to the Department of Development and authorizes the expenditure of $1,317,182.00 from the General Fund.


Title

To authorize and direct the City Auditor to transfer $241,302.08 within the General Fund; to authorize and direct the City Auditor to make payments totaling $1,317,182.00 in accordance with the Jobs Growth Incentive Program agreements; to authorize the expenditure of $1,317,182.00 from the General Fund; and to declare an emergency. ($1,317,182.00)


Body

WHEREAS, The Columbus Jobs Growth Incentive Program is one of the development tools utilized by the City of Columbus to encourage new job creation; and

WHER...