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File #: 0738-2017    Version: 1
Type: Ordinance Status: Passed
File created: 3/13/2017 In control: Economic Development Committee
On agenda: 4/3/2017 Final action: 4/5/2017
Title: To authorize the Director of Development to enter into an Enterprise Zone Agreement with 900 Short North, LLC for a property tax abatement of seventy-five (75%) for a period of ten (10) consecutive years in consideration of a proposed total investment of approximately $7,500,000.00, of which approximately $5,500,000.00 will be related to the 38,000-square-foot commercial office development, and the creation of 40 net new full-time permanent positions.
Attachments: 1. ORD0738-2017 900 Short North, LLC - Site Map (EZ), 2. ORD0738-2017 900 Short North, LLC - Fact Sheet (EZ)
Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with 900 Short North, LLC. The Ohio Enterprise Zone law (Section 5709.62(C) of the Ohio Revised Code) requires the City to enter into Council-approved agreements between the City and participating companies.

900 Short North, LLC, a real estate holding company established in 2016, is a collaboration between ECP900 Short North, LLC (an affiliate of Elford Development, Ltd.) and MESA Properties, LLC (an affiliate of United Dairy Farmers, Inc.). Elford Development, Ltd. is the real estate development arm of Elford, Inc., one of the largest self-performing General Contractors and Construction Managers in Central Ohio. Founded in 1910, Elford, Inc. is one of the oldest commercial construction companies in central Ohio. United Dairy Farmers, Inc. (“UDF”) buys milk from area dairy farmers, then processes and packages it for sale. The company has grown into a chain of about 200 convenience stores, located mostly in Ohio, but also in Kentucky and southeast Indiana. UDF locations also offer in-store ice cream parlors and distribute Mobil-brand gas.

900 Short North, LLC is proposing to redevelop a United Dairy Farmers convenience store located at 900 North High Street, Columbus, Ohio 43215 (Project Site) in the Short North Arts District into a 4-story, 50,000-square-foot mixed use commercial office and retail development on parcel number 010-007464. The first floor of the new development, consisting of approximately 14,520 total square feet (including common areas), will include a revamped United Dairy Farmers convenience store and may support a single restaurant space. The remaining floors (2nd - 4th) will feature commercial office suites ranging from 5,200 square feet to approximately 38,000 square feet. The project will include 13 parking spaces (located in the rear) and approximately 2,600 square feet of outdoor patio space for office tenants.

900 Short North, LLC is expected to i...

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