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File #: 1504-2014    Version:
Type: Ordinance Status: Passed
File created: 6/17/2014 In control: Development Committee
On agenda: 7/14/2014 Final action: 7/17/2014
Title: To authorize and direct the City Auditor to transfer $6,108,132.97 within the General Fund; to authorize and direct the City Auditor to appropriate and transfer $1,527,033.24 in cash from the Special Income Tax Fund to the General Fund; to authorize and direct the City Auditor to make payments totaling $6,108,132.97 in accordance with the Jobs Growth Incentive (JGI) Program for the twenty-four (24) active JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for 2013; to authorize the expenditure of $6,108,132.97 from the General Fund. and to declare an emergency. ($6,108,132.97)
Explanation

BACKGROUND: This legislation authorizes the payments to employers who have met the requirements of their Jobs Growth Incentive Program (JGI) agreement and are eligible for payment for the 2013 reporting (tax) year.

For tax year 2013, the City of Columbus had a total of twenty-four (24) active JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for 2013. The total dollar amount to be disbursed for these 24 2013 JGI payments is $6,108,132.97. The twenty-four (24) projects with the JGI payment subtotals are as follows: (1) $12,526.01 to Apelles, LLC; (2) $12,681.73 to ContactUS, LLC; (3) $33,351.24 to DSW, Inc.; (4) $4,640.18 to FIMM USA, Inc.; (5) $2,391.36 to Food Safety Net Services - Ohio, LLC; (6) $136,724.29 to Grange Mutual Casualty Company; (7) $26,029.22 to Health Care DataWorks, Inc.; (8) $5,958.46 to Highlights for Children, Inc.; (9) $1,062,411.67 to The Huntington National Bank; (10) $125,063.33 to Information Control Company, LLC; (11) $5,231.34 to Jeni’s Splendid Ice Creams, LLC; (12) $2,010,533.88 to JPMorgan Chase Bank N.A.; (13) $170,589.98 to La Senza, Inc., (14) $100,388.16 to The Limbach Company, LLC; (15) $22,537.61 to Manta Media, Inc.; (16) $48,331.38 to Mission Essential Personnel LLC; (17) $2,138,195.91 to Nationwide Children’s Hospital, Inc.; (18) $5,993.14 to Oxford Consulting Group, Inc.; (19) $502.42 to Pactiv LLC; (20) $73,762.72 to Progressive Casualty Insurance Company; (21) $23,871.55 to Quantum Health, Inc.; (22) $9,044.98 to Sequent, Inc.; (23) $76,373.35 to Simonton Windows, Inc.; and (24) $999.06 to Spectrum Commercial Coatings.

FISCAL IMPACT: The 2014 General Fund budget (citywide account) includes funding for these payments. A transfer equal to 25 percent (25%) of the payments will be transferred from the Special Income Tax Fund. The transfer amount of $1,527,033.24 has been factored into the current special income tax analysis an...

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