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File #: 0954-2020    Version: 1
Type: Ordinance Status: Passed
File created: 4/8/2020 In control: Economic Development Committee
On agenda: 5/18/2020 Final action: 5/21/2020
Title: To authorize the Director of the Department of Development to enter into an Enterprise Zone Agreement with Settle-Muter Electric, Ltd. and 711 Claycraft LLC for a tax abatement of sixty-five percent (65%) for a period of ten (10) consecutive years in consideration of the company’s proposed capital investment of $1,650,000.00 in real property improvements, the retention of 175 full-time permanent positions, and the creation of 20 new full-time permanent positions.
Attachments: 1. ORD0954-2020 SME EZ - Site Map 4.7.20, 2. ORD0954-2020 SME EZ - Fact Sheet 4.7.pdf
Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with Settle-Muter Electric, Ltd. and 711 Claycraft LLC. The Ohio Enterprise Zone law Section 5709.62(C) of the Ohio Revised Code requires the City to enter into Council-approved agreements between the City and participating companies.

Incorporated in 1995 and headquartered in Columbus, OH, Settle-Muter Electric, Ltd. (“SME”) is an electrical contractor specializing in the construction of schools/universities, hospitals/medical facilities, industrial plants, retail stores, data centers, and other facilities in diverse markets. 711 Claycraft LLC is a real estate holding company owned by Mark Muter, owner of SME, respectively.

SME and 711 Claycraft LLC are proposing to invest a total project cost of approximately $2,250,000 which includes $1,650,000 in real property improvements to construct an approximately 12,000 square-foot addition onto their existing headquarters facility and construct a 3,500 square-foot warehouse at 711 Claycraft Road, Columbus, Ohio 43230, parcel number 520-237575 and 675 Claycraft Road Columbus, Ohio 43230, parcel number 520-135888 (“Project Sites”). Additionally, the company will retain 175 full-time permanent positions with an annual payroll of approximately $9,962,749 million and create 20 net new full-time permanent positions with an estimated annual payroll of approximately $1,094,998 at the proposed Project Site.

The Department of Development recommends 65%/10-year Enterprise Zone tax abatement on real property improvements.

The Columbus City School Board of Education has been advised of this project.

FISCAL IMPACT:

No funding is required for this legislation

Title
To authorize the Director of the Department of Development to enter into an Enterprise Zone Agreement with Settle-Muter Electric, Ltd. and 711 Claycraft LLC for a tax abatement of sixty-five percent (65%) for a period of ten (10) consecutive years in consideration of the company...

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