header-left
Share to Facebook Share to Twitter Bookmark and Share
File #: 2913-2022    Version: 1
Type: Ordinance Status: Passed
File created: 10/20/2022 In control: Economic Development Committee
On agenda: 11/21/2022 Final action: 11/23/2022
Title: To authorize the Director of the Department of Development to enter into an Enterprise Zone Agreement with Cologix US, Inc. and Cologix Services Company, LLC for a tax abatement of seventy-five percent (75%) for a period of ten (10) consecutive years in consideration of a total proposed capital investment of approximately $160.5 million, which includes $61 million in real property improvements, the creation of fifteen (15) net new full-time permanent positions with an estimated new annual payroll of approximately $1.5 million and the retention of twenty-four (24) full-time jobs.
Attachments: 1. 2913-2022 Cologix US Inc. EZA- Fact Sheet, 2. 2913-2022 EZA Cologix US Inc. - Map
Explanation

BACKGROUND: The need exists to enter into an Enterprise Zone Agreement with Cologix US, Inc. and Cologix Services Company, LLC (collectively, and hereinafter referred to as “Cologix”). 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.

Cologix was founded in 2010 and is headquartered in Denver, Colorado. Cologix is North America’s leading network-neutral interconnection and hyperscale edge data center company with a carrier-dense ecosystem of 700+ networks, 350+ cloud service providers and 30+ onramps across its platform. The company provides co-location and connectivity solutions to more than 1,600+ customers through its operations that span 40+ digital edge and Scalelogix hyperscale edge data centers in 11 North American markets.

Cologix is proposing to invest a total project cost of approximately $160,500,000.00, which includes $61,000,000.00 in real property improvements, and $99,500,000.00 in machinery and equipment to expand its Columbus offices to accommodate increased sales growth, consumer demands and strategic growth initiative. With this expansion, the company proposes to construct a new data center consisting of approximately 250,000 square feet on an undeveloped land consisting of approximately 7.49 +/- acres at 7500 & 7474 Alta View Boulevard, Columbus, Ohio 43085, parcel number 610-207094. Additionally, the company is proposing to create 15 net new full-time permanent positions with a cumulative estimated annual payroll of approximately $1.5 million and retain 24 full-time jobs with an annual payroll of approximately $1.4 million at two separate locations, 7500 & 7474 Alta View Boulevard and 555-585 Scherers Court, parcel number 610-210593, which are adjacent from one another and owned by Cologix, with both parcels comprising the Project Site.

The Department of Development recommends an Enterprise Zone property tax a...

Click here for full text