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File #: 2049-2017    Version: 1
Type: Ordinance Status: Passed
File created: 7/18/2017 In control: Economic Development Committee
On agenda: 7/31/2017 Final action: 8/3/2017
Title: To amend Ordinance No. 3112-2015 for the purpose of revising the 90-day period needed to execute the Jobs Growth Incentive Agreement with Nationwide Children's Hospital to 90 days after passage of this ordinance; and to declare an emergency.
Explanation
BACKGROUND: The need exists to amend Ordinance No. 3112-2015 approved by Columbus City Council on December 14, 2015, which authorized the Director of the Department of Development to enter into a Jobs Growth Incentive Agreement (the “AGREEMENT”) with Nationwide Children’s Hospital Inc. and its affiliated entities, including but not limited to, Pediatric Academic Association (collectively, and hereinafter referred to as “Nationwide Children’s Hospital”). An amendment is now required to revise the 90-day period needed to execute the Jobs Growth Incentive Agreement to 90 days after the passage of this proposed legislation.

Nationwide Children’s Hospital is planning a second major expansion, following up on their 2008 investment, which will include an investment of approximately $189 million. Nationwide Children’s Hospital will perform interior renovations to existing buildings; construct a community ambulatory center and 1,000 space parking garage at the corner of Grant and Livingston Avenue; construct a central energy plant for all Nationwide Children’s Hospital facilities west of Parsons Avenue; construct interior roadways; a small park; and a clinical building with an adjoining parking garage.

Nationwide Children’s Hospital is also embarking on a community strategic plan that includes the following investments: $2.8 million to the City’s Infant Mortality efforts over no more than five (5) years; $2.2 million toward FutureReady Columbus over no more than five (5) years; and $750,000 toward housing development within the Healthy Neighborhoods, Healthy Families Zone, with special attention to the Southside.

Subsequent to signing the agreement, and through ensuing correspondence, Nationwide Children’s Hospital indicated that its initial strategic corporate growth plan has surpassed its earliest approximated job growth plan, which caused a delay in finalizing job payroll numbers.

This legislation is requested to be considered as an emergency in...

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