Explanation
ECONOMIC DEVELOPMENT DIVISION
BACKGROUND: The need exists to amend Ordinance No. 0713-2025 (the “ORDINANCE”), approved by Columbus City Council (“Council”) on March 31, 2025. The ORDINANCE authorized the Director of the Department of Development to amend the Enterprise Zone Agreements (the, “AGREEMENTS”) for a the second time for Assignment & Assumption with The Hub XO, LLC (I, II, III, VI), to remove The Hub XO, LLC (I, II, III, VI), as the ENTERPRISES and parties to the AGREEMENTS, and to be replaced with EXETER 1260 LONDON GROVEPORT, LLC, EXETER 1302 LONDON GROVEPORT, LLC, EXETER 6322 COLLINGS, LLC, and EXETER 6201 COLLINGS (2024), LLC as the ENTERPRISES and parties to the AGREEMENTS, and to redefine the PROJECT SITE.
Prior to executing the Second Amendment to the AGREEMENTS, the 90-day period needed to execute the Second Amendment to the City of Columbus Enterprise Zone Agreements expired, and the ENTERPRISES are requesting the 90-day period be extended to execute the AGREEMENTS.
The need now exists to amend the ORDINANCE. The ENTERPRISES are requesting the ORDINANCE be amended to revise the 90-day period needed to execute the Second Amendment to the AGREEMENTS, to 90 days after passage from this ordinance. This will not impact the scope of the project as authorized by Columbus City Council. All job retention, job creation, and investment commitments remain unchanged.
This legislation is presented as 30-legislation.
FISCAL IMPACT:
No funding is required for this legislation.
Title
To amend Ordinance No. 0713-2025, approved by Columbus City Council on March 31, 2025 for the purposes of revising the 90-day period needed to execute the Second Amendment to the City of Columbus Enterprise Zone Agreement, to 90 days after passage from this ordinance. ($0.00)
Body
WHEREAS, the need exists to amend Ordinance No. 0713-2025, which was approved by Columbus City Council on March 31, 2025; and
WHEREAS, the ordinance authorized the Direct...
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