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File #: 1870-2020    Version: 1
Type: Ordinance Status: Passed
File created: 8/7/2020 In control: Economic Development Committee
On agenda: 9/21/2020 Final action: 9/24/2020
Title: To authorize and direct the City Auditor to transfer an amount not to exceed $10,274,785.13 within the General Fund; to authorize and direct the City Auditor to appropriate and transfer $2,568,696.28 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 $10,274,785.13 in accordance with the Jobs Growth Incentive (JGI) Program for the twenty-six (26) active and reporting JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for tax year 2019 (also calendar year and/or report year) in 2020; to authorize the expenditure not to exceed of $10,274,785.13 from the General Fund; and to declare an emergency.
Attachments: 1. ORD1870-2020 02 DAX RY2019 (2020) JGI Payment Work Sheet, 2. ORD1870-2020 03b RY2019 (2020) JGI Principal Parties List

Explanation

BACKGROUND: This legislation authorizes the payments to employers who have met the requirements of their Jobs Growth Incentive Program (JGI) agreement and are eligible for payment for the 2019 reporting (tax) year. Emergency action is requested so that the City can authorize payment by the end of the second quarter of this year in accordance with the Jobs Growth Incentive Program agreements.

                     

For tax year 2019 (also calendar year and/or report year), the City of Columbus had a total of twenty-26 (26) active and reporting JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for calendar year 2019.  The total dollar amount to be disbursed for these twenty-six (26) 2019 JGI payments is $10,274,785.13.  The twenty-six (26) projects with the JGI payment subtotals are as follows: (1) $6,099.45 to Blue & Co., LLC; (2) $6,189.62 to ComResource, Inc.; (3) $29,529.99 to ContactUS, LLC; (4) $107,213.91 to CoverMyMeds LLC; (5) $7,029.21 to The Crimson Cup, Inc.; (6) $10.640.39 to Daifuku America Corporation; (7) $14,802.51 to Engineered Profiles LLC; (8) $3,562.49 to FedEx Supply Chain, Inc.; (9) $5,747.15 to FlightSafety International, Inc.; (10) $2,272.95 to G&J Pepsi-Cola Bottling Company, Inc.; (11) $8,384.92 to Huckberry, Inc.; (12) $1,323,740.91 to The Huntington National Bank; (13) $1,370.93 to Installed Building Products, Inc.; (14) $4,734.65 to Koorsen Fire & Security, Inc.; (15) $2,417.19 to The Kroger Company dba Central Fill; (16) $11,528.46 to Morgan Stanley Domestic Holdings, Inc. dba Morgan Stanley & Co. LLC; (17) $1,140,069.93 to Nationwide Children’s Hospital, Inc.; (18) $1,773,679.38 to Nationwide Mutual Insurance Company; (19) $5,367,686.35 to The Ohio State University Wexner Medical Center; (20) $8,868.90 to PRIME AE Group, Inc.; (21) $317,829.98 to Root, Inc.; (22) $1,969.50 to Total Quality Logistics, LLC; (23) $18,958.20 to Total System Services, Inc.; (24) $45,748.59 to U.S. Bank National Association; (25) $27,264.92 to Ventech Solutions and (26) $27,444.65 to Woda Cooper Companies, Inc.

 

Tax year 2019 (also calendar year and/or report year) is the first year in which CoverMyMeds LLC; Installed Building Products, Inc.; Koorsen Fire & Security, Inc.; Root, Inc.; and Total Quality Logistics, LLC have reported and will be the final year for ComResouce, Inc.; ContactUS, LLC; The Crimson Cup, Inc.; Daifuku America Corporation; Engineered Profiles LLC; FedEx Supply Chain, Inc.; FlightSafety International, Inc.; G&J Pepsi-Cola Bottling Company, Inc.; Huckberry, Inc.; The Kroger Co.; PRIME AE Group, Inc.; and Ventech Solutions.

 

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

 

FISCAL IMPACT: The 2020 General Fund budget (citywide account) includes funding for these payments. A transfer equal to 25 percent (25%) of the payments will be transferred from the Special Income Tax Fund.  The transfer amount of $2,568,696.28 has been factored into the current special income tax analysis and resultant capital capacity.

 

Title

To authorize and direct the City Auditor to transfer an amount not to exceed $10,274,785.13 within the General Fund; to authorize and direct the City Auditor to appropriate and transfer $2,568,696.28 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 $10,274,785.13 in accordance with the Jobs Growth Incentive (JGI) Program for the twenty-six (26) active and reporting JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for tax year 2019 (also calendar year and/or report year) in 2020; to authorize the expenditure not to exceed of $10,274,785.13 from the General Fund; and to declare an emergency.

 

Body

WHEREAS,                     the Columbus Jobs Growth Incentive Program is one of the development tools utilized by the City of Columbus to encourage new job creation; and

 

WHEREAS,                     it is necessary to authorize payments to employers who have met the requirements under their Jobs Growth Incentive Program agreement; and

 

WHEREAS,                     the City of Columbus had a total of twenty-six (26) active and reporting JGI projects for which employers have met the requirements of their JGI agreements and thus are eligible to receive their payments for tax year 2019 (also calendar year and/or report year) in 2020 and the total dollar amount to be disbursed for these twenty-six (26) JGI payments is $10,274,785.13; and

 

WHEREAS,                     it is necessary at this time to authorize payment of $6,099.45 to Blue & Co., LLC; $6,189.62 to ComResource, Inc.; $29,529.99 to ContactUS, LLC; $107,213.91 to CoverMyMeds LLC; $7,029.21 to The Crimson Cup, Inc.; $10.640.39 to Daifuku America Corporation; $14,802.51 to Engineered Profiles LLC; $3,562.49 to FedEx Supply Chain, Inc.; $5,747.15 to FlightSafety International, Inc.; $2,272.95 to G&J Pepsi-Cola Bottling Company, Inc.; $8,384.92 to Huckberry, Inc.; $1,323,740.91 to The Huntington National Bank; $1,370.93 to Installed Building Products, Inc.; $4,734.65 to Koorsen Fire & Security, Inc.; $2,417.19 to The Kroger Company dba Central Fill; $11,528.46 to Morgan Stanley Domestic Holdings, Inc. dba Morgan Stanley & Co. LLC; $1,140,069.93 to Nationwide Children’s Hospital, Inc.; $1,773,679.38 to Nationwide Mutual Insurance Company; $5,367,686.35 to The Ohio State University Wexner Medical Center; $8,868.90 to PRIME AE Group, Inc.; $317,829.98 to Root, Inc.; $1,969.50 to Total Quality Logistics, LLC; $18,958.20 to Total System Services, Inc.; $45,748.59 to U.S. Bank National Association; $27,264.92 to Ventech Solutions and $27,444.65 to Woda Cooper Companies, Inc.; and

 

WHEREAS,                     an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to authorize the City Auditor to make payments in accordance with the Jobs Growth Incentive Program agreements, all for the preservation of the public health, property, safety; and welfare;

 

NOW, THEREFORE

 

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:

 

SECTION 1.                     That the transfer of $2,568,696.28 in cash only or so much thereof as may be needed, is hereby authorized from Fund  4430 (Special Income Tax Fund), Dept-Div 44-02 (Economic Development) to Fund 1000 (General Fund), Dept-Div 44-02 (Economic Development) per the account codes in the attachment to this ordinance.

 

SECTION 2.                     That from the unappropriated monies and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ended December 31, 2020, the sum of $2,568,696.28 is appropriated in Fund 4430 (Special Income Tax Fund), Dept-Div 44-02 (Economic Development) in Object Class 10 (Transfer) per the accounting codes in the attachment to this ordinance.

 

SECTION 3.                     That the transfer of $10,274,785.13 in appropriation or so much thereof as may be needed, is hereby authorized within Fund 1000 (General Fund), from Dept-Div 45-01 (Administration), object class 10 (citywide account) to Dept-Div 44-02 (Economic Development), object class 05 (Other) per the account codes in the attachment to this ordinance.

 

SECTION 4.                     That the expenditure of $10,274,785.13 or so much thereof as may be needed, is hereby authorized in Fund 1000 (General Fund), Dept-Div 44-02 (Economic Development), in object class 05 (Other) per the accounting codes in the attachment to this ordinance.

 

SECTION 5.                     Funds are hereby deemed appropriated and expenditures and transfers authorized to carry out the purposes of this ordinance and the City Auditor shall establish such accounting codes as necessary.

 

SECTION 6.                     That the City Auditor is hereby authorized and directed to make the following payments when initiated by the Director of Development in accordance with the Jobs Growth Incentive Program agreements as follows: $6,099.45 to Blue & Co., LLC; $6,189.62 to ComResource, Inc.; $29,529.99 to ContactUS, LLC; $107,213.91 to CoverMyMeds LLC; $7,029.21 to The Crimson Cup, Inc.; $10.640.39 to Daifuku America Corporation; $14,802.51 to Engineered Profiles LLC; $3,562.49 to FedEx Supply Chain, Inc.; $5,747.15 to FlightSafety International, Inc.; $2,272.95 to G&J Pepsi-Cola Bottling Company, Inc.; $8,384.92 to Huckberry, Inc.; $1,323,740.91 to The Huntington National Bank; $1,370.93 to Installed Building Products, Inc.; $4,734.65 to Koorsen Fire & Security, Inc.; $2,417.19 to The Kroger Company dba Central Fill; $11,528.46 to Morgan Stanley Domestic Holdings, Inc. dba Morgan Stanley & Co. LLC; $1,140,069.93 to Nationwide Children’s Hospital, Inc.; $1,773,679.38 to Nationwide Mutual Insurance Company; $5,367,686.35 to The Ohio State University Wexner Medical Center; $8,868.90 to PRIME AE Group, Inc.; $317,829.98 to Root, Inc.; $1,969.50 to Total Quality Logistics, LLC; $18,958.20 to Total System Services, Inc.; $45,748.59 to U.S. Bank National Association; $27,264.92 to Ventech Solutions and $27,444.65 to Woda Cooper Companies, Inc.

 

SECTION 7.                     That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor or ten days after passage if the Mayor neither approves nor vetoes the same.