Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with KDL Properties LLC and Fortner Upholstering, 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, KDL Properties, LLC is a real estate holding company established in the fall of 2012. Fortner Upholstering, Inc. is Ohio’s largest reupholstery furniture company. The company has been serving Columbus’ furniture needs, both residential and commercial, with reupholstering and custom built furniture since 1929. Fortner Upholstering, Inc. boasts over 300 years of collective upholstering experience, and is still family owned and operated. Justin McAllister, the grandson of David Fortner Sr., is the fourth generational owner and President/CEO of Fortner Upholstering, Inc., and is the President of KDL Properties LLC.
KDL Properties LLC and Fortner Upholstering, Inc., two entities under common ownership, propose to invest a total project cost of approximately $2.3 million in real property improvements to renovate and redevelop a historic manufacturing facility (formerly Seagrave Fire Truck Manufacturing; most recently Jet Container) with a total square footage of approximately 209,334 sq. ft. at 2050 - 2060 S. High Street (parcel number 010-104087), an adjacent property located at 2000 S. High Street (parcel numbers 010-104083 and 010-104093), and four vacant adjacent S. High Street lots (parcel numbers 010-104088, 010-104232, 010-002039, and 010-104098), Columbus, Ohio, 43207. Upon completion of the renovations, Fortner Upholstering, Inc. proposes to expand its corporate headquarters (HQ) and manufacturing facilities by occupying approximately 60,000 square feet +/- of the proposed 209,334 square-foot facility. Fortner Upholstering, Inc. will be one of the tenants and employer of record, and will enter into a lease agreement wit...
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