Explanation
BACKGROUND: The need exists to amend the Jobs Growth Incentive Agreement with OhioHealth Corporation and affiliated entities (hereinafter collectively the “GRANTEE”). Ordinance No. 2200-2016, approved by Columbus City Council on September 20, 2016, granted the benefits of the Jobs Growth Incentive in an amount equal to (i) thirty-five percent (35%) of the City of Columbus income tax withheld on the Columbus payroll of eligible new employees and (ii) forty-five percent (45%) of the City of Columbus income tax withheld on the Columbus payroll of eligible new employees, who are also City of Columbus residents at the end of each calendar year, both for a term of ten (10) consecutive years.
The Jobs Growth Incentive Agreement was legislated in support of the GRANTEE’S commitments to: invest an estimated $89,000,000 in order construct approximate 240,000 square feet of administrative office space and associated parking at what is now near the intersection of OhioHealth Parkway and Health Community Way (hereinafter the “PROJECT SITE”); retain and relocate 1,180 full-time non-clinical jobs with an associated annual payroll of approximately $101,731,173 to the PROJECT SITE from other sites within the city of Columbus; retain and relocate 155 full-time non-clinical jobs with an associated annual payroll of approximately $7,262,060 to the PROJECT SITE from other sites outside of the city of Columbus; create 256 net new full-time non-clinical jobs at the PROJECT SITE with an annual payroll of approximately $15,100,000 all by December 31, 2019; and create an additional 900 net new full-time, non-contingent, non-seasonal jobs, a mix of both clinical and non-clinical positons, within a defined geographic area along Olentangy River Road and on Chatham Lane (hereinafter the “OLENTANGY RIVER ROAD CORRIDOR”) with an associated annual payroll of approximately $53,300,000 by December 31, 2024.
In a letter to the City of Columbus from the GRANTEE dated October 31, 201...
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