Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with R.W. Setterlin Building Company. The Ohio Enterprise Zone law O.R.C. Section 5709.62 (3) requires the City to enter into a Council-approved agreement between the City and participating companies.
R.W. Setterlin Building Company is a family owned commercial construction company that provides outstanding construction services throughout central and southeastern Ohio. The tradition began in 1935, when Robert W. Setterlin Sr. founded Robert W. Setterlin & Sons.
R.W. Setterlin specializes in tenant specification and shell construction for office and retail facilities. Setterlin will work within the project budget, schedule, and existing operations in a manner that will minimize any inconveniences for its customers. Setterlin offers economical solutions for building distribution and warehousing facilities. Setterlin qualifications span from pre-cast concrete to pre-engineered metal buildings.
R.W. Setterlin Building Company is proposing to build and relocate its corporate headquarters from 4678 Larwell Drive Columbus, OH to 560 Harmon Avenue renovating an existing building on a two (2) story slab grade encompassing approximately 13,000 square feet. The new headquarters is considered a green project and LEED certification will be submitted for approval.
The project will include an investment of $1.2 million in real property improvements, the retention of 20 full-time permanent jobs and a LEED certification.
The Department of Development recommends a 75%/10 year Enterprise Zone tax abatement on real property improvements. The proposal is consistent with the Columbus Tax Incentive Policy under Edge City projects.
Emergency action is requested to accommodate a scheduled project start.
The Columbus Public Schools has been advised of this project.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of Dev...
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