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TO ADOPT THE RECOMMENDATION OF THE ADVISORY BOARD FOR THE OFFICE & INDUSTRIAL INCENTIVE PROGRAM GRANTING APPROVAL FOR CYPRESS CARE SOLUTIONS; AND TO REPEAL ORD-0125-2010.
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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WHEREAS,the Department of Development is requesting that ORD-0125-2010 for NationsHealth be repealed and that a new ordinance be passed to approve the incentive for Cypress Care Solutions, as the jobs will actually be created by Cypress Care Solutions, which is a subsidiary of NationsHealth, Inc., and the company will be located at 775 Taylor Road; and
WHEREAS, it is in the best interest of the City to approve this as quickly as possible so Cypress Care Solutions can begin operations as quickly as possible;
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 Cypress Care Solutions.
Section 2. That during the term of the Office & Industrial Incentive, upon the written request of Cypress Care Solutions, the company shall receive a payment of 50% of the net municipal income tax collected from employees working for Cypress Care Solutions at 775 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 th...
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