Explanation
BACKGROUND: The need exists to amend the Columbus Downtown Office Incentive Agreement with ODW Logistics, Inc., (hereinafter “GRANTEE”). Ordinance No. 1335-2016, approved by Columbus City Council on June 20, 2016, granted the benefits of the Columbus Downtown Office Incentive Program in an amount equal to fifty percent (50%) of the City of Columbus income tax withheld on the payroll for the new employees added to the City of Columbus project site, 400 W. Nationwide Blvd., Suite 200, Columbus, Ohio 43215 (“PROJECT SITE”), for five (5) years in support of the GRANTEE’S commitment to relocate headquarters operations from 1580 Williams Road, Columbus, Ohio 43207, retain and relocate 62 full-time, permanent positions with an associated annual payroll of approximately $5,555,754, create 25 new full-time permanent positions with an associated new annual payroll of approximately $2,015,000, and invest approximately $1,838,000 related to improvements to an existing building, furniture, fixtures, and computers.
In a letter from ODW Logistics, Inc. dated September 8, 2016, the City of Columbus was notified that the number of full-time permanent employees to be relocated to the PROJECT SITE has changed. As ODW Logistics, Inc. staff began to plan for the relocation of operations from 1580 Williams Road, Columbus, Ohio 43207 to the newly-renovated office space in the Buggyworks office project located at 400 W. Nationwide Blvd., Suite 200, it became apparent that six (6) eight (8) of the employees originally identified for relocation are better served by remaining at the 1580 Williams Road site and the company has therefore decided not to relocate them. The six eight employees not transitioning to the new headquarters will be retained by ODW Logistics, Inc. at the company’s current warehouse campus located at 1580 Williams Road.
An amendment is now required to reduce the GRANTEE’s job retention commitment from 62 full-time, permanent positions with an associ...
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