City of Columbus - File #: 1637-2018

• File #: 1637-2018
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/5/2018
• In control: Economic Development & Small and Minority Business Committee
• On agenda: 6/25/2018
• Final action: 6/27/2018
• Title: To authorize and direct the City Auditor to transfer an amount not to exceed $965,906.58 within the General Fund; to authorize and direct the City Auditor to appropriate and transfer $241,476.65 in cash from the Special Income Tax Fund to the General Fund; to authorize and direct the City Auditor to make payments not to exceed a total of $965,906.58 in accordance with the Downtown Office Incentive (DOI) Program for the fourteen (14) active DOI projects for which employers have met the requirements of their DOI agreements; to authorize the expenditure not to exceed $965,906.58 from the General Fund; and to declare an emergency. ($965,906.58)

Date	Ver.	Action By	Action	Result
6/28/2018	1	CITY CLERK	Attest
6/27/2018	1	MAYOR	Returned Unsigned
6/25/2018	1	COUNCIL PRESIDENT	Signed
6/25/2018	1	Columbus City Council	Approved	Pass

Explanation
BACKGROUND: Resolution No. 0088X-2007, adopted June 4, 2007, supported the continuation of the Columbus Downtown Office Incentive Program (DOI) as one of the development tools needed to implement the Downtown Business Plan. This legislation authorizes the payments to employers who have met the requirements of their Downtown Office Incentive Program agreement.

For tax year 2017 (also calendar year and/or report year), the City of Columbus had a total of fourteen (14) active and reporting DOI projects for which employers have met the requirements of their DOI agreements and thus are eligible to receive their payments for calendar year 2017. The total dollar amount to be disbursed for these fourteen (14) 2017 DOI payments is $965,906.58. The fourteen (14) projects with the DOI payment subtotals are as follows: (1) $331,523.60 to CoverMyMeds LLC; (2) $17,814.43 to CrossChx, Inc.; (3) $3,149.30 to Engage Holdings, LLC dba iQventures; (4) $36,525.31 to Exel Inc.; (5) $258,834.12 to Hexion Inc.; (6) $41,789.03 to Jeni’s Splendid Ice Creams LLC; (7) $3,312.07 to Keno Kozie Associates, LTD; (8) $1,943.41 to Lextant Corporation; (9) $41,255.51 to Medical Mutual of Ohio; (10) $5,105.59 to ODW Logistics, LLC; (11) $59,129.02 to OhioHealth Star Corporation; (12) $90,986.55 to Pillar Technology Group, LLC; (13) $2,708.62 to RTTW, LTD dba treetree and (14) $71,830.02 to Turner Construction Company.

Tax year 2017 (also calendar year and/or report year) is the first year for Engage Holdings, LLC dba iQventures, Keno Kozie Associates, LTD and ODW Logistics, LLC and will be the final year for CoverMyMeds LLC, Exel Inc., Jeni’s Splendid Ice Creams LLC, Medical Mutual of Ohio, OhioHealth Star Corporation, RTTW, LTD dba treetree and Turner Construction Company.

Emergency action is requested so that the City can make payment as soon as possible and in accordance with the Downtown Office Incentive Program agreements.

FISCAL IMPACT: The 2018 General Fund budget (citywid...