Explanation
BACKGROUND: The purpose of this ordinance is to authorize the Director of the Department of Development to apply for and accept $920,951.00 in grant assistance from the Roadwork Development (629) Account of the Ohio Development Services Agency, contingent on State Controlling Board approval, for improvements to a public roadway on Easton Square Place, Columbus, OH 43219 to benefit the expansion of operations by ADS Alliance Data Systems, Inc., and to appropriate and expend the monies within the General Government Grant Fund.
The roadwork grant, and this associated request for authorization to apply for and accept the grant, are part and parcel of an incentive package to allow ADS Alliance Data Systems, Inc. to expand its Columbus operation. ADS Alliance Data Systems, Inc. will invest approximately $80.5 million related to improving and expanding its facility. A total of 1,300 full-time permanent positions will be retained and 700 new full-time permanent positions will be created within three years.
A letter dated April 17, 2014 from the Ohio Development Services Agency and JobsOhio, extended an amount up to $920,951.00 in public roadwork development grant assistance to the City of Columbus in support of the proposed investment by ADS Alliance Data Systems, Inc. The Director of the Department of Development responded by a letter dated August 27, 2014 accepting the offer of assistance.
Total infrastructure costs to accommodate the expansion of the facility are estimated to be approximately $6.93 million and will be shared by the State of Ohio and the City of Columbus.
This legislation is submitted as an emergency in order to meet the state roadwork grant application deadline and to make use of the state grants as soon as possible after State Controlling Board approval.
FISCAL IMPACT: There is no cost to apply for and accept the state roadwork development grant. If successful, the City will receive an amount up to $920,951.00 to apply towards publi...
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