title
TO AUTHORIZE THE MAYOR TO ENTER INTO AN OFFICE AND INDUSTRIAL INCENTIVE AGREEMENT WITH RELIANT CAPITAL SOLUTIONS FOR A PERIOD OF FIVE YEARS.
body
WHEREAS, since June 2015 the Planning and Development Department has been working to retain Reliant Capital Solutions within the City of Gahanna; and
WHEREAS, Reliant Capital is a professional services company that specializes in debt collection within the student loan industry; and
WHEREAS, they currently lease space at 750 Cross Pointe Road but they are experiencing significant employment growth, requiring them to expand out of their existing leased location; and
WHEREAS, they plan to retain 93 full-time employees and add 100 new full-time employees when they move to their new location; and
WHEREAS, the Planning and Development Department is recommending a 25% municipal income tax rebate for a period of five years on the 100 new full-time jobs that will be created.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, COUNTY OF FRANKLIN, STATE OF OHIO:
Section 1. That the Mayor is hereby authorized to enter into an Office and Industrial Incentive Agreement with RELIANT CAPITAL SOLUTIONS, 750 Cross Pointe Road, Gahanna, Ohio 43230, said agreement attached as EXHIBIT A, and made a part herein.
Section 2. That this Ordinance shall be in full force and effect upon passage by this Council and 30 days after date of signature approval by the Mayor.