Explanation
BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with Tucker Bear Capital, LLC and America’s Floor Source, LLC. The Ohio Enterprise Zone law O.R.C. Section 5709.62(C) requires the City to enter into a Council-approved agreement between the City and participating companies.
Tucker Bear Capital, LLC is a real estate holding company owned by Jason Goldberg, the founder and owner of America’s Floor Source, LLC, a flooring company serving the builder property management, wholesale, retail and commercial market industries. America’s Floor Source, LLC was established in 2000 and has helped select and install a wide variety of flooring types that include carpet, hardwood, vinyl, LVT, tile, bamboo and cork for thousands of customers from homebuilders, homeowners, building superintendents, property managers, landlords, business owners, remodelers, etc.
Tucker Bear Capital, LLC proposes to invest a total project cost of approximately $15.4 million, which includes $15.0 million in new construction, $200,000 in machinery and equipment, and $200,000 in furniture and fixtures to construct a new 265,000 square-foot office warehouse facility. The proposed new facility will be constructed on approximately 28.35 acres of undeveloped land on parcel number 010-212112 (2145 Stelzer Road, Columbus, Ohio 43219), parcel numbers 445-284360, 445-284361, 445-284362, 445-284363 and 445-284359 (2101 Stelzer Road), along with five other contiguous parcels that were recently annexed into city, parcel numbers 195-305595, 195-305596, 195-305597, 195-305598 and 195-305594 (collectively, and hereinafter referred to as the “Project Site”). America’s Floor Source, LLC will lease the new office warehouse facility from Tucker Bear Capital, LLC to consolidate three locations into one facility and expand its corporate headquarters, create 20 net new full-time permanent positions with an estimated annual payroll of approximately $812,960 and retain 169 full-time jo...
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