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File #: 1420-2021    Version: 1
Type: Ordinance Status: Passed
File created: 6/1/2021 In control: Economic Development Committee
On agenda: 7/19/2021 Final action: 7/22/2021
Title: To authorize and direct the City Auditor to transfer an amount not to exceed $369,863.92 within the General Fund; to authorize and direct the City Auditor to appropriate and transfer $92,465.98 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 $369,863.92 in accordance with the Downtown Office Incentive (DOI) Program for the eight (8) DOI agreements for which employers have met the requirements of their DOI agreements and thus are eligible to receive their payments for tax year 2020 (also calendar year and/or report year) in 2021; to authorize the expenditure not to exceed $369,863.92 from the General Fund; and to declare an emergency. ($369,863.92)
Attachments: 1. ORD1420-2021 02 DAX RY2020 (2021) DOI Payment Work Sheet

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 2020 (also calendar year and/or report year), the City of Columbus had a total of eight (8) DOI agreements for which employers have met the requirements of their DOI agreements and thus are eligible to receive their benefit payments for calendar year 2020.  The total dollar amount to be disbursed for these eight (8) 2020 DOI agreements is $369,863.92.  The eight (8) agreements with the DOI payment subtotals are as follows: (1) $4,261.03 to Agility Partners, LLC; (2) $50,091.03 to BBI Logistics LLC; (3) $54,589.97 to Candid Care Co.; (4) $216,110.70 to CrossChx, Inc.; (5) $15,675.09 to Everstream Solutions, LLC; (6) $12,582.22 to Matic Insurance Services, Inc.; (7) $12,552.73 to ODW Logistics, LLC and (8) $4,001.15 to Ohio Film Group, LLC.

 

Tax year 2020 (also calendar year and/or report year) is the first year in which Everstream Solutions, LLC reported and was the final year for CrossChx, Inc.  The benefit payments for Matic Insurance Services, Inc. and Ohio Film Group, LLC are for their late filings from RY2019 in 2020.

 

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 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 $92,465.98 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 $369,863.92 within the General Fund; to authorize and direct the City Auditor to appropriate and transfer $92,465.98 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 $369,863.92 in accordance with the Downtown Office Incentive (DOI) Program for the eight (8) DOI agreements for which employers have met the requirements of their DOI agreements and thus are eligible to receive their payments for tax year 2020 (also calendar year and/or report year) in 2021; to authorize the expenditure not to exceed $369,863.92 from the General Fund; and to declare an emergency. ($369,863.92)

 

Body

WHEREAS,                     Resolution No. 0088X-2007, adopted June 4, 2007, supported the continuation of the Downtown Office Incentive Program as one of the development tools needed to implement the Downtown Business Plan; and

 

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

 

WHEREAS,                     the City of Columbus had a total of eight (8) DOI agreements for which employers have met the requirements of their DOI agreements and thus are eligible to receive their benefit payments for tax year 2020 (also calendar year and/or report year) in 2021 and the total dollar amount to be disbursed for these eight (8) DOI payments is $369,863.92; and

 

WHEREAS,                     it is necessary at this time to authorize payment of $4,261.03 to Agility Partners, LLC; $50,091.03 to BBI Logistics LLC; $54,589.97 to Candid Care Co.; $216,110.70 to CrossChx, Inc.; $15,675.09 to Everstream Solutions, LLC; $12,582.22 to Matic Insurance Services, Inc.; $12,552.73 to ODW Logistics, LLC and $4,001.15 to Ohio Film Group, LLC; and

 

WHEREAS,                     an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to make payments in accordance with the Downtown Office 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 $92,465.98 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, 2021, the sum of $92,465.98 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 $369,863.92 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 $369,863.92 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 to make payments when initiated by the Director of Development in accordance with the Downtown Office Incentive Program agreements as follows: $4,261.03 to Agility Partners, LLC; $50,091.03 to BBI Logistics LLC; $54,589.97 to Candid Care Co.; $216,110.70 to CrossChx, Inc.; $15,675.09 to Everstream Solutions, LLC; $12,582.22 to Matic Insurance Services, Inc.; $12,552.73 to ODW Logistics, LLC and $4,001.15 to Ohio Film Group, LLC.

 

SECTION 7.                     That for the reasons stated in the preamble hereto, which is hereby made a part hereof, the 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.