“Enterprise”) for a tax abatement of seventy-five percent (75%) for a
period of ten (10) consecutive years in consideration of the Enterprise
investing approximately $59,700,000.00 real property improvements, the
creation of twelve (12) net new full-time permanent positions with an
estimated annual payroll of approximately $800,800.00 and the retention
of 329 full-time positions with an annual payroll of approximately
$16,100,000.00 at the proposed Project Site.
SR-8
To authorize and direct the City Auditor to transfer an amount not to
exceed $3,191,649.00 within the General Fund; to authorize and direct
the City Auditor to appropriate and transfer $797,912.25 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 $3,191,649.00 in
accordance with the Jobs Growth Incentive (JGI) Program for the sixteen
(16) active and reporting JGI agreements for which employers have met
the requirements of their JGI agreements and thus are eligible to receive
their payments for tax year 2022 (also calendar year and/or report year) in
2023; to authorize the expenditure not to exceed $3,191,649.00 from the
General Fund; and to declare an emergency.
SR-9
To authorize the Director of the Department of Development to enter into
the First Amended and Restated Economic Development Agreement with
the North Market Development Authority, Inc. and the NM Developer LLC
for the purpose of amending and restating the parties’ understanding and
agreements under the Economic Development Agreement dated
September 11, 2019; to authorize the Director of the Department of
Development to enter into a Cooperative Agreement with
Columbus-Franklin County Finance Authority to finance: (i) public parking
spaces in a new structured parking facility, (ii) an expansion of the
existing North Market building including but not limited to interior tenant
build-out, (iii) a new public atrium, patio, and plaza all in support of the
North Market, and (iv) site remediation; and to authorize the Director of
the Department of Development to acknowledge and agree to the terms
and conditions of a Declaration of Public Parking Garage Covenants for
the public parking spaces.
To declare that the establishment of the NM Mixed-Use Project New
Community Authority (the “Authority”) will be conducive to the public
safety, convenience, and welfare, and is intended to result in the
development of a new community; to define the boundaries of the
Authority’s new community district; to declare that the Authority be
organized as a body politic and corporate within the new community
district along with its associated board of trustees; to make the initial nine
appointments to the Authority’s board of trustees and to fix surety for their
bonds; to certify compliance of the requirements of the public hearing; and
to post notice of the Authority's creation in the City Bulletin.
To authorize the Director of the Department of Development to enter into
a Grant Agreement with the North Market Development Authority, Inc. for
the purpose of providing operational support to the nonprofit organization
