Explanation
BACKGROUND: The need exists to amend the Downtown Office Incentive (DOI) Agreement with Rampart Hosting, LLC. Columbus City Council, by Ordinance 0369-2012 passed on March 5, 2012, authorized the Director of the Department of Development to enter into a DOI Agreement of fifty percent (50%) for a period of five (5) consecutive years. The Department of Development received a written request from Rampart Hosting, LLC requesting the City to change the project site address from 330 W. Spring Street Suite 260 to 363 W. Nationwide Blvd. The company moved into a new location within the Downtown Business District, more specifically, the Arena District and therefore remains eligible for the City Council approved DOI. An amendment is now required to change Rampart Hosting, LLC’s project site address from 330 West Spring Street Suite 260 to 363 W. Nationwide Blvd.
This legislation is requested to be considered as an emergency in order to allow Rampart Hosting, LLC to receive the remaining benefits of the council approved Downtown Office Incentive.
FISCAL IMPACT: No funding is required for this legislation.
Title
To amend the Downtown Office Incentive Agreement with Rampart Hosting, LLC for the purpose of changing the Grantee’s project site address from 330 W. Spring Street Suite 260 to 363 W. Nationwide Blvd. ; and to declare an emergency.
Body
WHEREAS, on March 5, 2012, Columbus City Council passed Ordinance 0369-2012 for a five (5) year, fifty percent (50%) Downtown Office Incentive (DOI) for Rampart Hosting, LLC; and
WHEREAS, the ordinance authorized the Director of the Department of Development to enter into a Downtown Office Incentive Agreement of fifty percent (50%) for a period of five (5) years with Rampart Hosting, LLC; and
WHEREAS, the Department of Development received a written notification from Rampart Hosting, LLC requesting the City to change the project site address from 330 W. Spring Street Suite 260 to 363 W. Nationwide Blvd...
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