Explanation
BACKGROUND: Columbus City Council (Council) authorized the Director of Development by Ordinance 0991-2011, passed by Council on July 11, 2011, to enter into a Columbus Downtown Office Incentive Agreement (Agreement) with Manpower Professional pursuant to Council resolution 0088X-2007, for an annual cash payment equal to fifty percent (50%) of the amount of City withholding tax withheld on new employees for a term of three (3) years on the estimated addition of 17 new positions at 175 S. Third Street, Columbus, Ohio, with the term of the Agreement to begin in calendar year 2011.
Council subsequently amended Ordinance 0991-2011 which changed the name of Manpower Professional to Experis US, Inc. by Ordinance 0585-2012, passed by Council on March 26, 2012.
The need exists to again amend the Ordinance 0991-2011 to change the term of the Agreement from beginning in calendar year 2011 to beginning in calendar year 2012.
Emergency action is necessary in order to allow the City to enter the Agreement with the term beginning in calendar year 2012 prior to the end of calendar year 2012.
FISCAL IMPACT: No funding is required for this legislation.
Title
To amend Ordinance 0991-2011, passed by Columbus City Council on July 11, 2011, to amend the term of the Columbus Downtown Office Incentive Agreement with Manpower Professional/ Experis US, Inc. to begin in calendar year 2012; and to declare an emergency.
Body
WHEREAS, Columbus City Council (Council) authorized the Director of Development to enter into a Columbus Downtown Office Incentive Agreement (Agreement) with Manpower Professional by Ordinance 0991-2011 on July 11, 2011; and
WHEREAS, this Agreement would grant a financial incentive based on an amount equal to fifty percent (50%) of the new Columbus withholding tax paid, with the term to begin calendar year 2011 for a period of three (3) years; and
WHEREAS, Council subsequently amended Ordinance 0991-2011 which changed the name of Ma...
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