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TO ADOPT THE RECOMMENDATION OF THE ADVISORY BOARD FOR THE OFFICE & INDUSTRIAL INCENTIVE PROGRAM GRANTING APPROVAL FOR NATIONSHEALTH INC., AND TO DECLARE AN EMERGENCY
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WHEREAS, the Department of Development created the City of Gahanna Office & Industrial Incentive Program guidelines, which are a statement of policy designed to increase employment opportunities and encourage the establishment of new jobs; and
WHEREAS, the incentive is a yearly payment to the employer based on up to 3/4 of a percent of the paid income tax withholding from new job creation for a period of between one and five years; and
WHEREAS, Council has adopted the City of Gahanna Office & Industrial Incentive Program guidelines by ORD-0212-2002; and
WHEREAS, the Incentive Advisory Board met on Monday, June 14, 2010 to review the application to grant incentives to NationsHealth, Inc. for a period of five (5) years, at a rate of 50% of the paid income tax withholding from their employees; and
WHEREAS, it is in the best interest of the City to approve this as quickly as possible so NationsHealth, Inc. can begin operations as quickly as possible, and all for the preservation of the public peace, property, health, safety and welfare;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That this Council hereby acknowledges the recommendation of the Incentive Advisory Board for NationsHealth, Inc.
Section 2. That during the term of the Office & Industrial Incentive, upon the written request of NationsHealth, Inc., the company shall receive a payment of 50% of the net municipal income tax collected from employees working for NationsHealth, Inc. at 800 TechCenter Drive and 915 Taylor Road in the City of Gahanna for five (5) years.
Section 3. That the incentive shall begin the first full year of occupancy after January 1, 2011.
Section 4. That the incentive shall coincide with the Ohio Department of...
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