Explanation
BACKGROUND: The Department of Development is proposing to enter into a Columbus Downtown Office Incentive agreement with Rampart Hosting, LLC.
Rampart Hosting, LLC was created on March 14, 2005 by Leo L. Daugherty III, the current Chief Financial Officer. Rampart Hosting, LLC is an information technology management and services company providing solutions in the following areas: Website Hosting, Microsoft Exchange Server Hosting, Website Design and Development, Search Engine Optimization, Content Writing, LAN, WAN, Workstation Technical Support, Security (Firewall, Virus and Spyware protection), Information Technology/Telephony Analysis and Integration Assistance. Rampart Hosting, LLC acts as a virtual information technology department for companies that do not have internal information technology or whose information technology needs are often greater than its department can deliver, providing 24-hour, 7 days per week, 365 days of managed tech services.
Rampart Hosting, LLC is proposing to expand corporate headquarters and workforce in the Arena District by entering into a 7-year lease agreement, investing approximately $500,000 in new machinery and equipment, retaining thirteen (13) full-time jobs and creating twenty-six (26) new full-time permanent positions with an annual payroll totaling approximately $2.89 million. Based on this estimate, Rampart Hosting, LLC 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 $122,185 over a term of five (5) years. The Development Department recommends granting the Columbus Downtown Office Incentive program to Rampart Hosting, LLC.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of the Department of Development to enter into a Columbus Downtown Office Incentive Agreement with Rampart Hosting, LLC as provided in Columbus City Council Resolution 0088...
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