Explanation
BACKGROUND: The City of Columbus (“City”) entered into a Downtown Office Incentive Agreement (hereinafter “Agreement”) with Jeffrey P. Norman, Standing Chapter Trustee for the Southern District of Ohio, (also referred to as the “Grantee”) effective December 21, 2011. Columbus City Council approved the Agreement by Ordinance 1590-2011, approved October 3, 2011, and granted a financial incentive based on an amount equal to fifty percent (50%) 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 three (3) consecutive taxable years based on an investment of approximately $525,000 in machinery & equipment and furniture & fixtures and the creation of 19 new permanent full-time positions at 10 West Broad St., 9th Floor, Columbus, OH 43215 in downtown Columbus.
During the Downtown Office Incentive annual reporting cycle for Report Year 2014, the City was advised in a letter dated March 25, 2015 that Faye D. English was appointed by the United States Trustees to be the Successor Trustee to Jeffrey P. Norman on August 9, 2014 and requested that the name on the Agreement be changed to Faye D. English, who assumed the same building space, employees and equipment as Jeffrey P. Norman. Included with this letter was a copy of the notification from the Executive Office for the United States Trustees, United State Department of Justice. As such, the need exists to amend the Agreement to replace Jeffrey P. Norman, Standing Chapter Trustee for the Southern District of Ohio with the Office of the Chapter 13 Trustee Faye D. English as the Grantee to the Agreement.
This legislation is requested to be considered as an emergency in order to replace Jeffrey P. Norman, Standing Chapter Trustee for the Southern District of Ohio with the Office of the Chapter 13 Trustee Faye D. English as the Grantee to the Agreement so that the Downtown Office Incentive payment can be made during the 2015 payment cyc...
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