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File #: 1804-2016    Version: 1
Type: Ordinance Status: Passed
File created: 6/27/2016 In control: Economic Development Committee
On agenda: 7/18/2016 Final action: 7/21/2016
Title: To authorize and direct the City Auditor to transfer an amount not to exceed $11,336,733.03 within the General Fund; to authorize and direct the City Auditor to appropriate and transfer $2,834,183.26 in cash from the Special Income Tax Fund to the General Fund; to authorize and direct the City Auditor to make payments not to exceed a total of $11,336,733.03 in accordance with the Jobs Growth Incentive (JGI) Program for the twenty-eight (28) active and reporting JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for 2015; to authorize the expenditure not to exceed of $11,336,733.03 from the General Fund; and to declare an emergency. ($11,336,733.03)
Attachments: 1. ORD1804-2016 DAX Coding 2016 JGI Payments
Explanation

BACKGROUND: This legislation authorizes the payments to employers who have met the requirements of their Jobs Growth Incentive Program (JGI) agreement and are eligible for payment for the 2015 reporting (tax) year. For tax year 2015, the City of Columbus had a total of twenty-eight (28) active and reporting JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for 2015. The total dollar amount to be disbursed for these twenty-eight (28) 2015 JGI payments is $11,336,733.03. The twenty-eight (28) projects with the JGI payment subtotals are as follows: (1) $12,604.22 to ComResource, Inc.; (2) $7,078.94 to ContactUS, LLC (for agreement #1); (3) $10,563.70 to ContactUS, LLC (for agreement #2); (4) $2,846.19 to Core Molding Technologies, Inc.; (5) $1,457.04 to The Crimson Cup, Inc.; (6) $163,994.76 to DSW, Inc.; (7) $5,348.67 to Engineered Profiles LLC; (8) $4,121.23 to FIMM USA, Inc.; (9) $4,918.53 to FlightSafety International, Inc.; (10) $3,360.69 to Food Safety Net Services - Ohio, LLC; (11) $1,581.44 to G&J Pepsi-Cola Bottling Company, Inc.; (12) $196,148.87 to Grange Mutual Casualty Company; (13) $2,966.60 to Homage, LLC, Inc.; (14) $1,675,823.35 to The Huntington National Bank; (15) $1,956,617.89 to JPMorgan Chase Bank N.A.; (16) $160,519.24 to La Senza, Inc., (17) $65,750.28 to The Loeb Electric Company; (18) $2,732,377.01 to Nationwide Children’s Hospital, Inc.; (19) $2,732,224.94 to Nationwide Mutual Insurance Company; (20) $897,446.73 to Ohio State University Physicians, Inc; (21) $500,000.00 to The Ohio State University Wexner Medical Center; (22) $4,537.96 to PRIME AE Group, Inc.; (23) $48,065.26 to Progressive Northern Insurance Company; (24) $55,777.18 to Quantum Health, Inc.; (25) $53,873.55 to Simonton Industries, Inc.; (26) $9,674.36 to Spectrum Commercial Coatings; (27) $16,365.76 to Total Quality Logistics, LLC and (28) $10,688.64 to Vision Service Plan.

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