Explanation
BACKGROUND: Columbus City Council, by Ordinance 1624-2010, passed on December 6, 2010, authorized the City of Columbus to enter into a Jobs Growth Incentive Agreement (Agreement) with The Ohio State University Medical Center, (also referred to as the “Grantee”). The Agreement was an incentive which would pay annually an amount equal to thirty percent (30%) of the income tax withheld on new employees for a term of up to 15 years, not to exceed $35 million, in consideration of the proposed investment by Grantee of $1.005 billion and the creation of 5,615 full-time permanent positions. Ordinance 0939-2011, passed by Council on June 20, 2011, authorized an amendment to the Agreement changing the Grantee from The Ohio State University Medical Center to The Ohio State University on behalf of The Ohio State University Medical Center. The Agreement was made and entered into effective August 24, 2011 with the project site being identified as 410 West 10th Avenue, Columbus, Ohio 43210 (Project Site).
In a letter from the Grantee dated December 5, 2013, the Grantee indicated that effective February 10, 2012, The Ohio State University Board of Trustees voted to change the name of The Ohio State University Medical Center to The Ohio State University Wexner Medical Center (OSUWMC) and requested that the Agreement be amended to reflect this change. The letter also requested that the Project Site definition in the Agreement be expanded from 410 West 10th Avenue, Columbus, Ohio 43210 to include all sites affiliated with OSUWMC throughout the City of Columbus affected by the Medical Center’s expansion project.
This legislation is requested to be considered as an emergency in order to (1) amend the Agreement to change the name of the Grantee from The Ohio State University on behalf of its Ohio State University Medical Center to The Ohio State University Wexner Medical Center, and to (2) expand the Project Site definition in the Agreement from 410 West 10th Avenue, Co...
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