Explanation
BACKGROUND: The Director of the Department of Development is requesting authorization to enter into an Enterprise Zone Agreement on behalf of the City with CCBCC Operations, LLC (the “Enterprise”), a Delaware Corporation. The Ohio Enterprise Zone law Section 5709.62(C) of the Ohio Revised Code authorizes the City to enter into a Council-approved tax abatement agreements between the City and qualifying companies.
CCBCC Operations, LLC was established in 2003 and is a manufacturer and distributor of non-alcoholic beverages. The company is a single member limited liability company 100% owned by Coca-Cola Consolidated, Inc., which is the largest Coca-Cola bottler in the United States. For 120 years, Coca-Cola Consolidated, Inc. has made, sold, and distributed beverages of The Coca-Cola Company and other partner companies of more than 300 brands and flavors across 14 states and the District of Columbia to approximately 60 million consumers. The company operates in the Southeast, Midwest, and Mid-Atlantic portion of the United States, with corporate offices located in Charlotte, North Carolina.
CCBCC Operations, LLC is proposing to invest a total project cost of roughly $82 million, which includes $59,712,000.00 in real property improvements, $21,432,000.00 in machinery and equipment, and $856,000.00 in furniture and fixtures to construct new operations on approximately 62 +/- acres of undeveloped land. The proposed construction will consist of an approximately 400,000 square-foot distribution warehouse facility, a 15,000 square-foot Fleet Shop and 15,000 square-foot Equipment Services building (collectively, and hereinafter referred to as the “Facility”) at 1489 Rohr Road, Columbus, Ohio 43137 (the “Project Site”), parcel number 495-303784. Additionally, CCBCC Operations, LLC proposes to create twelve (12) net new full-time permanent positions with an estimated annual payroll of approximately $800,800.00 and retain 329 full-time jobs with an associ...
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