Explanation
BACKGROUND: The City of Columbus (“City”) entered into a Jobs Growth Incentive Agreement (hereinafter “Agreement”) with ContactUS, LLC, (also referred to as the “Grantee”) effective May 14, 2012. Columbus City Council approved the Agreement by Ordinance 0276-2012, approved March 5, 2012, and granted a financial incentive based on an amount equal to twenty-five percent (25%) of the new Columbus withholding tax paid by the new employees at the project site, to commence on January 1, 2012 for a period of five (5) consecutive taxable years based on an investment of approximately $1 million in leasehold improvements, new machinery and furniture & fixtures to establish its corporate headquarters and client support operations and was to enter into a 7-year lease for vacant office space of approximately 11,000 square feet and create 150 new permanent full-time positions at the Project Site, 1108 City Park Avenue, Columbus, OH 43026.
Correspondence with a representative for the Grantee indicated that as part of a new project undertaken by the Grantee, on June 2, 2014 the Grantee relocated their operations to a new Project Site, 3700 Fishinger Blvd., Columbus, OH 43026, for which the Grantee has entered into a ten (10) year lease, the term of which is June 1, 2014 to May 31, 2024. The Grantee has noted that they still have rights to 1108 City Park Avenue and consider that still to be a second location even though they currently do not have active operations there. As such, the need exists to amend the Agreement to add 3700 Fishinger Blvd., Columbus, OH 43026 to the Project Site as described in the Agreement.
This legislation is requested to be considered as an emergency in order to add 3700 Fishinger Blvd. to the Project Site as described in the Agreement beginning for Report Year 2014 so that the Jobs Growth Incentive payment can be made during the 2015 payment cycle for Report Year 2014 for both Project Site locations and for the new amended Project Site u...
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