Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with CSE Leasing and Contract Sweepers & Equipment Company, Inc. The Ohio Enterprise Zone law O.R.C. Section 5709.62 (C) requires the City to enter into a Council-approved agreement between the City and participating companies.
Established in 1960, Contract Sweepers & Equipment Company, Inc. is one of the largest contract sweeping companies in Ohio. The company offers new and used industrial sweeping equipment, parking lot sweeping and street cleaning equipment options. Some of the different types of services offered by the company include floor sweeping/scrubbing, graffiti removal/power washing, winter services and rentals. In addition, Contract Sweepers & Equipment Company, Inc. sells the entire line of Tymco street sweepers. The company is a North American Power Sweeping Association (NAPSA) Certified Sweeping Company (CSC). Contract Sweepers & Equipment Company, Inc. is an employee-owned company (ESOP), meaning all of the associates are owners of the company. CSE Leasing is the real estate holding company for Contract Sweepers & Equipment Company, Inc.
CSE Leasing is proposing to acquire, renovate and redevelop an old vacant commercial site into a new corporate headquarters for Contract Sweepers & Equipment Company, Inc. The new corporate headquarters will consist of approximately 16,456 square feet +/- of office space with a proposal of expanding the existing building another 6,544 square feet, totaling 23,000 square feet, approximately. In addition, CSE Leasing will construct a new separate wash bay facility on the project site consisting of approximately 2,500 square feet. Contract Sweepers & Equipment Company, Inc. will be the employer of record and will create 3 new full-time permanent positions with an estimated annual payroll of approximately $85,280 and retain 54 full-time jobs with an estimated annual payroll of approximately $2.179 million, from its current location...
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