Explanation
BACKGROUND: The Department of Development is proposing to enter into a Columbus Downtown Office Incentive with Jeffrey P. Norman, Standing Chapter 13 Trustee for the Southern District of Ohio (herein after Jeffrey P. Norman).
The Trustee is a duly appointed Standing Chapter 13 Trustee for the Southern District, Eastern Division of Ohio, vested with the duties as set forth in U.S.C. Section 1302(b), including the duty to furnish information concerning debtors' estates, and the administration of these estates. There are currently 198 Chapter 13 Trustees in the United States. In this capacity the United States Trustee appoints a Standing Chapter 13 Trustee, who operates as trustee in each Chapter 13 case that is filed in a judicial district. Jeffrey P. Norman was appointed Standing Chapter 13 Trustee for the Southern District of Ohio, Eastern Division and desires to expand into the Downtown Business District. Frank M. Pees has been the only Chapter 13 Trustee in the Southern District of Ohio for the past 27 years, which is located in Worthington, Ohio. Jeffrey P. Norman, Standing Chapter 13 Trustee, will expand, own, and operate a second location for the Southern District of Ohio, Eastern Division.
Jeffrey P. Norman is proposing to expand in the Downtown Business District by opening a second Chapter 13 Trustee office for the Southern District of Ohio and create nineteen (19) new full-time permanent positions with an annual payroll of approximately $921,000. The City of Columbus will receive approximately $23,000 in new City income tax revenue. Based on this estimate, Jeffrey P. Norman would qualify for the Columbus Downtown Office Incentive of an amount equal to fifty percent (50%) of the payroll taxes paid on the new positions or $34,500 over a term of three (3) years. The Development Department recommends granting the Columbus Downtown Office Incentive program to Jeffrey P. Norman.
FISCAL IMPACT: No funding is required for this legislatio...
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