Explanation
BACKGROUND: Columbus City Council (“COUNCIL”), by Ordinance No. 0489-2015, passed March 2, 2015, authorized the City of Columbus (“CITY”) to enter into an Enterprise Zone Agreement (the “AGREEMENT”) with CSE Leasing dba Contract Sweepers and Equipment Company, Inc. (the “ENTERPRISE”) for a tax abatement of seventy-five percent (75%) for a period of ten (10) consecutive years in consideration of the company’s total proposed investment of approximately $1.5 million, which included approximately $765,000 in real property improvements and $735,000 in acquisition costs, machinery, equipment, furniture and fixtures. The ENTERPRISE committed to create three (3) new full-time permanent positions with an annual payroll of approximately $85,280, and retain and relocate fifty-four (54) full-time jobs with annual payroll of approximately $2.179 million related to the redevelopment of an old vacant commercial facility for the expansion and relocation of its corporate headquarters. The new HQ consists of approximately 23,000 square feet +/- of office space and a newly constructed wash bay facility consisting of approximately 2,500 square feet (the “PROJECT”), at 2137 Parkwood Avenue, Columbus, Ohio 43219, parcel numbers 010-099105 and 010-226069 (the “PROJECT SITE”), and within the City of Columbus Enterprise Zone. The AGREEMENT was made and entered into effective April 10, 2015.
The AGREEMENT was subsequently authorized by COUNCIL to be amended for the first time to amend the exemption window by Ordinance No. 1017-2017, passed on May 1, 2017, with this First Amendment to the AGREEMENT being made and entered into effective May 25, 2017. The abatement is currently running from 2017 through 2026.
In a letter received by the CITY on behalf of the ENTERPRISE dated February 6, 2020 and through ensuing correspondence, it was confirmed that 2137 Parkwood Avenue, LLC had acquired ownership of the PROJECT SITE from CSE Leasing dba Contract Sweepers and Equipment Company, ...
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