Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with Alshire Properties, LLC and Farber Specialty Vehicles, Inc. The Ohio Enterprise Zone law O.R.C. Section 5709.62(C) requires the City to enter into a Council-approved agreement between the City and participating companies.
Headquartered in the City of Columbus, Alshire Properties, LLC is a real estate holding company that is owned by brothers Ken and Nick Farber, a partnership recently formed in the summer of 2017. Farber Specialty Vehicles, Inc. is a family owned business engaged in the research, design, development and manufacturer of custom specialty vehicles. The company started in 1920 as a Ford sales and service outlet in Westerville, Ohio, but expanded into recreational vehicles sales and service in the mid-sixties, and began to manufacture specialty vehicles in the early seventies. The company is in the 4th generation of family ownership. Today, Farber Specialty Vehicles, Inc.’s family of vehicles provide a wide range of services including: law enforcement, command centers, communication vehicles, mobile health, dental, mammography, telemedicine, bloodmobiles, mobile outreach, bookmobiles, computer labs and marketing displays. Both companies have common owners: Ken Farber, Nick Farber and John Farber.
Alshire Properties, LLC proposes to invest a total project cost of approximately $6.7 million, which includes $2.15 million in acquisition cost, $3.0 million in real property improvements, $1.0 million in inventory, $500,000 in machinery and equipment, and $50,000 in furniture and fixtures to acquire, renovate, redevelop, expand, own and convert a vacant commercial retail store (formally known as The Andersons General Store) of approximately 137,300 square feet +/- into a manufacturing facility with an additional 50,000 sq. ft. +/- at 5800 Alshire Road Columbus, Ohio, parcel number 010-205284. Farber Specialty Vehicles, Inc. will be the tenant and employer of record...
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