Explanation
BACKGROUND: The City of Columbus (City) entered into a Jobs Growth Incentive Agreement (hereinafter “Agreement”) with Simonton Windows, Inc., (also referred to as the “Grantee”) effective May 23, 2011. Columbus City Council approved the Agreement by Ordinance 0348-2011, approved March 14, 2011, 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, 2011 for a period of seven (7) consecutive taxable years based on an investment of approximately $1.1 million in leasehold improvements and personal property, the relocation of 49 full-time positions to the City of Columbus and the creation of 46 new permanent full-time positions at 3948 Townsfair Way, Columbus, OH 43219. The Agreement was subsequently authorized to be amended for the first time to add Simonton Building Products, Incorporated as an additional Grantee to the Agreement by Ordinance 2284-2012, passed October 29, 2012, and was authorized to be amended for the second time to remove Simonton Building Products, Incorporated as a Grantee to the Agreement to be replaced by Simonton Building Products, LLC as the additional Grantee to the Agreement by Ordinance 2502-2015, passed October 19, 2015; both amendments entered into effective as of the date and year first written in the Agreement.
In a letter from the Grantee received by the City on May 26, 2016, the Grantee indicated that “on September 19, 2014 Plygem Holdings Inc. purchased Simonton Windows Inc. and Simonton Building Products LLC” and “as a result of the purchase Simonton Windows Inc. and Simonton Building Products LLC payroll were consolidated into one legal entity called Simonton Industries Inc.” and that they “would like to amend [the] Simonton [Windows, Inc. and Simonton Building Projects, LLC] Columbus Job Growth Incentive Agreement to include Simonton Industries Inc.” As such, the need exists ...
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