Explanation
BACKGROUND: Columbus City Council (Council), by Ordinance 0596-2006, passed April 3, 2006, authorized the City of Columbus (City) to enter into an Community Reinvestment Area Agreement (Agreement) with Cassady Gateway Partners, LLC and Mid Ohio Oncology/Hematology, Inc. (Enterprise) for a tax abatement of fifty percent (50%) for a period of ten (10) years in consideration of an investment of a total $42 million in real and personal property with $21.9 million of this being for real property improvements, the retention of 130 existing jobs and the creation of 80 new full-time permanent jobs with an associated annual payroll of approximately $6 million related to the construction of a new 109,000 square feet facility at which Enterprise can consolidate and expand its operations on part of parcel number 010-263075 at 3100 Plaza Properties Boulevard in Columbus, Ohio and within the boundaries of the Cassady/I-670 Community Reinvestment Area. The Agreement was made and entered into to be effective April 27, 2006 (CRA# 049-18000-10 / 06-001). This Agreement was subsequently authorized by Council to be amended for the first time to remove any and all language pertaining to personal property investment and tax abatements related to this personal property investment from the Agreement by Ordinance 0614-2009, passed May 11, 2009, with this first amendment made and entered into effective January 1, 2009.
As part of the Annual Report for Report Year 2012, Enterprise submitted job and payroll numbers which were as of December 31, 2012 out of compliance with the commitments of the Agreement. New jobs were reported at 57 (commitment of 80; 23 low; 71% attainment) and new job payroll was reported to be $4.6 million (commitment of $6 million; $1.4 million low; 77% attainment). A mid-year follow-up was undertaken by City staff which indicated that the failure to meet the new job and payroll commitment numbers was due to market conditions and changes in Medicaid reimb...
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