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HomeMy WebLinkAboutOrdinance 033-19RECORD OF ORDINANCES BARRETT BROTHERS - DAYTON, OHIO Form 6220S Ordinance No. 33-19 Passed , AN ORDINANCE AUTHORIZING THE PROVISION OF CERTAIN INCENTIVES TO CITY BARBEQUE, LLC TO INDUCE IT TO LEASE A FACILITY TO RETAIN AND EXPAND AN OFFICE AND ITS ASSOCIATED OPERATIONS AND WORKFORCE, ALL WITHIN THE CITY; AND AUTHORIZING THE EXECUTION OF AN ECONOMIC DEVELOPMENT AGREEMENT. WHEREAS, consistent with its Economic Development Strategy (the "Strategy/ approved by Dublin City Council Resolution No. 07-94 adopted on June 20, 1994, and the updated Strategy approved by Dublin City Council Resolution No. 30-04 adopted on July 6, 2004, the City desires to encourage commercial office development and create and preserve jobs and employment opportunities within the City; and WHEREAS, City Barbeque, LLC (the "Company) recently performed a comprehensive examination of its workforce needs, and based on the results of this examination, and induced by and in reliance on the economic development incentives provided in the proposed Economic Development Agreement (as described below), the Company is desirous of leasing a facility to retain and expand an office and its associated operations and workforce, all within the City, in order to achieve the payroll withholding targets set forth in the Economic Development Agreement; and WHEREAS, this Council has determined that it is necessary and appropriate and in the best interests of the City to provide for certain economic development incentives to the Company, as described in the proposed Economic Development Agreement; and WHEREAS, this Council has determined to offer the economic development incentives, the terms of which are set forth in a substantially final form of Economic Development Agreement presently on file in the office of the Clerk of Council, to induce the Company to lease a facility to retain and expand an office and its associated operations and workforce, all within the City, which will result in the retention of existing and creation of new jobs and employment opportunities, thereby improving the economic welfare of the people of the State of Ohio and the City, all as authorized in Article VIII, Section 13 of the Ohio Constitution; NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, State of Ohio, r7 of the elected members concurring, that: Section 1. The Economic Development Agreement by and between the City and the Company, in the form presently on file with the Clerk of Council, providing for, among other things, the provision of certain economic development incentives in consideration for the Company's agreement to lease a facility for the retention and expansion of an office and its associated operations and workforce, all within the City, which will result in the retention of existing and creation of new jobs and employment opportunities, is hereby approved and authorized with changes therein not inconsistent with this Ordinance and not substantially adverse to this City and which shall be approved by the City Manager. The City Manager, for and in the name of this City, is hereby authorized to execute that Economic Development Agreement, provided further that the approval of changes thereto by that official, and their character as not being substantially adverse to the City, shall be evidenced conclusively by the execution thereof. This Council further authorizes the City Manager, for and in the name of the City, to execute any amendments to the Economic Development Agreement, which amendments are not inconsistent with this Ordinance and not substantially adverse to this City. Section 2. This Council further hereby authorizes and directs the City Manager, the Director of Law, the Director of Finance, the Clerk of Council, or other appropriate officers of the City to prepare and sign all agreements and instruments and to take any other actions as may be appropriate to implement this Ordinance. RECORD OF ORDINANCES BARRETT BROTHERS - DAYTON, OHIO Form 6220S Ordinance No. 33-19 Passed P ge 2 of 2 Section 3. This Council finds and determines that all formal actions of this Council and any of its committees concerning and relating to the passage of this Ordinance were taken y` in open meetings of this Council or committees, and that all deliberations of this Council and any of its committees thatres Ited in those formal actions were in meetings open to the public, all in compliance wi e law including Section 121.22 of the Revised Code. Section 4. This Ordinanc shill be in full force and effect on the earliest date permitted by�aw. ibned: ayor - PresiAing 'Attest: v 'Clerk of Council Passed: 2019 Effective: 2019 Too. Members of Dublin City Council From,: Dana McDaniel, City Mana Date: June 18, 2019 In"Iti"ated By: Donna L. Goss, PhD, Director of Development Colleen Gilger, CEcD, Economic Development Director Rachel S. Ray, AICP, Economic Development Administrator Re: Ordinance 33-19 — Economic Development Agreement with City Barbeque, LLC Since the first reading on June 10, 2019, the Economic Development Agreement document has been modified to adjust the job retention and creation figures to reflect the actual 2018 year-end headcount (68) and the creation of 39 new positions for a total of 107 positions proposed by December 31, 2023, as found in Section 1(a). The total withholdings projections did not change, ,v-nd neither did the incentive proposal. No further changes were made. Economic Development staff has been in discussions with City Barbeque, LLC about the relocation and expansion of its corporate headquarters. The project results in the retention of 68 positions an, the addition of 39 new positions by December 31, 2023. This retention and expansion project is in competition with locations elsewhere in the Columbus Region and in the southeastern U.S. Memo re. Ord. 33-19 -- Economic Development Agreement with City Barbeque, LLC June 18, 2019 Page 2 of 2 In consideration, City Barbeque agrees to add 39 new positions in Dublin by December 31, 2023 and execute a minimum 10 -year lease on a location within Dublin corporation limits. The company must reach predetermined annual withholdings targets to qualify for these performance incentives. Based on the company's payroll projections, it is estimated that the City will net approximately $1,407,483 in income tax withholding revenue over the company's ten-year lease term. The State of Ohio is also proposing economic development incentives to City Barbeque to help retain and expand its workforce and investment in Ohio. 7 Staff recommends Council passage of Ordinance 33-19 at the second reading/public hearing on Jun; 24, 2019. Please contact Rachel Ray at 614-410-4630 or rr.ay( —I— I ___�Lidubfln.ohms with any questions you may have% Too. Members of Dublin City Council From.,s Dana L. McDaniel, City Mana9pr"*", Date: 3une 4, 2019 In*ltl*ated By: Colleen Gilger, CEcD, Economic Development Director Rachel S. Ray, AICP, Economic Development Administrator 11111 1111 111, Economic Development staff has been in discussions with City Barbeque, LLC about the relocation and expansion of its corporate headquarters. The project results in the retention of 68 jobs and tht addition of 39 new jobs by 2023. This retention and expansion project is in competition with locations elsewhere in the Columbus Region and in the southeastern U.S. In consideration, City Barbeque agrees to add 39 new jobs in Dublin by the end of 2023 and executit a minimum 10 -year lease on a location within Dublin corporation limits. The company must reach predetermined annual withholdings targets to qualify for these performance incentives. Based on the company's payroll projections, it is estimated that the City will net approximately $1,407,483 in income tax withholding revenue over the company's ten-year lease term., The State of Ohio is also proposing economic development incentives to City Barbeque to help retain and expand its workforce and investment in Ohio. Memo re. Ord. 33-19 — Economic Development Agreement with City Barbeque, LLC June 4, 2019 Page 2 of 2 Staff recommends Council passage of Ordinance 33-19 at the second readi.ng/public hearing on June 24f 2019. Please contact Rachel Ray at 614-410-4630 or qqy@ n.ohms with any questions you may have. V_Jk.1kJN`01M1C DEVELOPMENT AGREEMENT Ttiis EcONOMic DEVELOPMENrfA AGMEMENT(the ",11greemenf") is made and entered into this f day of 2019 (the `'E�,f ective Dwe"), by and between the CITY OF DUBLIN , 01-110 (the �4( UY"), a municipal corporation duly organized and validly existing under the Constitution. and the laws of the State of Ohio (the ",�Iale") and its Charter, and Ciery BARBEQUE!, LLC, an Ohio limited liability company (the "C,'om1,)an j,7" and together with the City, the 'Parties"), under the circumstances summarized in the following recitals. WHEREAS, consistent with its Economic Development Strategv 1,(the ".,-S.'tt-weapproved bv 9), W Dublin Citv Council Resolution No. 07-94 adopted on June 20, 1994., and the updated Strategy approved by Dublin City Council Resolution No. 30-04 adopted on. July 6. 2004, the City desires to encourage commercial office development and create and preserve jobs and employment opportunities within the CityJ,; and IVIJEREAS, based on the results of the Company's recent comprehensive examination of workforce needs, and induced by and in reliance on the economic development incentives provided in this Agreement,, the Company desires to lease a -facility to retain, and expand an. office and its associated operations and workforce, all within the City; and WHEREAS, pursuant to Ordinance No. 19 passed on 2019 (th Ordinance"), the City has determined to offer tile economic development incentives describe herein to induce the Company to lease a facility 1"or the retention and expansion of an. office and A associated operations and workforce, all within the City, which will result in the retention of existin and creation of new jobs and employment opportunities to improve the economic welfare of th people of the State of Ohio and. the City, all as authorized, in Article VIII, Section 13 of the Ohi, 13 Constitution; and WHEREAS, the City and the Company have determined to enter into this Agreement t provide these incentives in order to induce the Company to lease a facility to retain and, expand a, '0 office and its associated operations and work-forcel, all within. the City,; I - Now"I"HEREFORE., the City and the Company covenant, agree and obligate themselves as follows.. Section 1. Company',,s, ,,Agreement to Lease aFacility to Retain and Ex-oand an Offic and, its Associated Operations and Workforce Within th 0 C&t N VAW (a) In consideration for the economic development incentives to be provided by the Company agrees that it will lease a facility which is located within -the City (the "Fcic I herein', and which. will be of sufficient size to retain and expand an office and the Company's associate operations and workforce, all within the City, and all consistent with the terms of this Agreemen 'Fhe Company expects to retain Sixty -Eight (68) existing employee positions within the City. Th'. Company also expects to create Thirty -Nine (39) new employee positions within the City b December 3 1, 2023 ). The total estimated payroll. withholdings for the retained and. new employee positions is estimated to be One Million Twenty -Three Thousand and 00/100 Dollars ($1,023,000.00) o over the term. of this Agreement. (b) The Company agrees that the City's obligations to rem it paynients pursuant to Section 2 of -this Agreement shall be contingent upon (i) the Company delivering to the City a photocopy of I a fully executed ap idencing the Company.'s lease of the Facility within the City for a ,ree.ment evi I minimum. term of ten (10) years (the Lea,.ve Agreement"'), which will accomn-todate the retention and expansion of the Company's associated operations and work-l"orce, (ii) the City issuing to the Company (which issuance will notbe unreasonably withheld, delayed or conditioned) a certificate of occupancy ,the Yerat qf 0(..,,cu1,wn(�Y")upon completion of renovation. work on the Facility, (iii) the Company occupying the Facility and (iv) such other conditions as are set forth in Section 2,- providi_�d, hoii.Tver, and notwithstanding any provision, herein to the contrary, if the Company shall', after having acted in. good faith, fail to execute the Lease Agreement, receive the Cert-ificate of Occupancy or occupy the Facility within the respective periods set forth in. subsections 3(s)(i), 3(s)(ii) and 3(s)(iii),, (v) this Agreement will terminate Without such failure. constituting a breach by the Company, (vi) the City's obligation to remit either of the retention incentive payments (as described in. subsection 2(b)(0) or any Annual 'Incentive Payments will be ten-ninated and (vii) the Company will. owe no penalties to the City as a result of such failure. 01 Section 2. City"SA-greement to Provide Incentives. (a) General. In, consideration -for the Company's agreement to lease the Facilit and retain and expand its associated operations and worKlorce,, and to retain. existing and create new jobs and employment opportunities all within the City, the City acyrees to provide economic development incentives to the Company, in accordance with, this Section. (b) Retention Incentives. (0 Retention Incentive Pqyments to the Con -many. The Company agrees to lease the Facility and to retain, and expand an office and its associated operations and work.force, all within the City. In consideration of the Company's agre*ement to lease the Facility and to 41 -W retain and expand that office and retain and create employment opportunities within the City, and subject to the Company's compliance with the requirements set forth in subsections 2(b)(1), 2(d) and 3(s), the City agrees toremit the following payments to -the Company-. (A) A payment in the amount of Thirty Thousand and 00/100 Dollars (,$-' )0,000.00) no -later than thirty (30) days following the date on which, the City shall have confirmed that all of the following conditions shall have been satisfied (1) the Company shall have executed. the Lease Agreement -and provided a photocopy of that executed Leased Agreement to the City, (2) the City shall have issued a Certificate of Occupancy f r the leased Facility (which issuance will not be unreasonably conditioned, delayed or withheld by the City) and (3) the Company shall have occupied the Facility. -2- (B) A payment in the amount of ThIrty Thousand and 00/1100 Dollars ($30.000.00) no later than thirty (30) days following the date on which the City shall have determined that all of the following conditions shall have been satisfied (1) those conditions included in s-u.bsectl*on 2(b)(I")(A) and (2) all Employees whose primary work- location was either 6175 F-1.merald Parkway or 6185 Emerald Parkway in the City as of the Effective Date shall have been relocated to the Facility. (ii) Forfeiture of-Ri t to Receive Retention Incentive Payments. The Company agrees and acknowledges that the retention incentive payments provided for in subsection are bein(I made by the City to the Company in consideration for the CompaiW's agreement to lea -se the Facility and retain and. expand an office and its associated operations and, workforce, and to retain and create employment opportunities. all within the Cit -v. The Company further agrees that if the respective requirements of either subsection 2(b)(1)(A) or (B) are not satisfied, the City shall not be obligated to remit to the Company the respective payment as required by that subsection 2(b)(i)(A) or (B). (c) Workforce Retention/Creation Incentive. ....... ......• OIL -WIL�VOW Wt particular calendar year included in. the computations for a separate Citymunicipal 'income tax -based incentive payment. (ii Information Relating to Emnlpy�ees. 11 17he Company agrees that, in accordance with the City's codified ordinances, as may hereafter be amended from time to time (the "'Dublin ('.."Ode"), the annual payroll reconciliation, and related W-2 forms relating to its Employees for the preceding calendar year will be provided to the City prior to February 28 of each calendar year. (iii) Employer Identification Number. The Company's Federal Employer Identification Number is -* Fhe Company agrees that if the Federal Employer Identification Number changes at any time during the term of this Agreement, the Company will notify the City of such change., including the new Federal Employer Identification Number, witbin thirty (30) days of the occurrence of such change. MUM (v) Target Withholdim-Ts and Annual Ca. . The Target Withhold-ings and Annual. Cap for each of the calendar years 2020 through 2026 shall be as follows. - Calendar Year Target Wi*thholdin .gs Annual C#R '42 0 2 0 $127� 120 $20, 00 2021 134,900 22,000 2022 1431,320 23,000 102 150. 000 25MOO 2024 1531. ,�000 251,000 2025 J561A0 251000 2026 159,181 25,000 (vi) Forfeiture of -Right to Receive Annual Incentive R_a _�ment The Company agrees and acknowledges that the Annual Incentive Payments providedibr in subsection 2(c) -4- (d) Filing of Municipal Income Tax Returns and Remission. of Related Taxes. Company agrees that it shall timely (A) file directly with the City all municipal income tax returns and (B) remit directly to the City all municipal income tax payments, each as required by the Dublin City Code. While Ohio law currently permits the Company to file itsmunicipal 'income tax returns and remit its municipal income to payments directly through the Ohio Business Gateway, the Company acknowledges that if in respect of anY W of the tax years through 2026 (inclusive) the Company either (C) files a related municipal income tax rete m or (D) remits a related m.uni.cipal, income tax, payment, in. either case directly with the Ohio Business Gateway instead of the City, then notNvithstanding subsection 2(d)(H),, the Company shall forl'elt its right to receive and the City shall not be obligated to remit any payment which the City might oth.erwise be required to pay pursuant to subsections 2(b)(i) or 2 ) (each applicable payment in referred to as a "Required j)cij,�ment") in respect of that tax, year. (H) Not earlier than fifteen(15 )) days preceding the date on which the City is required to make a Required Payment to the Compwiy, the City shall. determine whether the Company is in. full compliance with its obligation to remit municipal income taxes to the City pursuant to the Dublin City, Code. If the City reasonably determines that the Company is I -lot in full compliance, the City shall. not be obligated to make the Required Payment on the required payment date and will promptly provide written notification of such determination to the Company. If within sixty (60) days following the date of the City'svxTi*tten notification, 'the City receives a payn-ient from theCompany which the Citv reasonably detern-iines will cause the Company to be in full compliance with its municipal. income tax obligations pursuant to the Dublin City Code (including any applicable interest and pertalties), the City will Avithinfii.fteen (15) days of receipt of such payment remit to the Company the Required, Pa y ment. If., ho-vxrever, the Company fails to timely remit sufficient payment to the Citv in. .1 accordance with the preceding sentence, the City m.ay in its sole discretion determ-ine that the City's obligation to remit such Required Payment is voided and that such Required Payment will notbe made, and will promptly provide written notification to the Company of such deten-nin.ti on. (e) Method of PUme n,.t,. 'Fhe payments to be paid to the Company as provided in this Section 2 shall be made by the City to the Company by electronic tunds transfer or by such other manner as is mutually agreed to by the City and the Company. -5- RION LOWAULN Un 1� Is I Section 3. Mi.scenaneous. (a) As,signment. This Agreement may not be assigned without the prior written consent of all non -assigning Parties,j)roWtled that if the Company, proposes an assignment to an Affiliated Entity pursuant to subsection 2(c), the City will not unreasonably condition, delay orwi-thhold its consent. (b) Binding Eftect. The provisions of this Agreement shall be binding upon and inure t the benefit of the Parties and their respective successors and permitted assigns. I _r (c) Captions. r i. Ie captions and headings in this Agreement are for convenience only and in no way define, limit or describe the scope or intent of any provisions or sections of this Agreement. (d) Dqy- for Peffbi-mance. Wherever herein there 'is a day or time period established for performance and such day or the expiration of such time period is a Saturday, Sunday or legal holiday,. then such time for perfomiance shall be automatically extended to the next business day. (e) Economi.c Development Assistance Certification. The Conipany has made no false statements to the City in the process of obtaining approval of the incentives described in this Agreement. If any representative of the Company has knowingly made a false statement to the City to obtain the'Incentives described in thi's Agreement, the Company shall be required to immediately -6- return all benefits received under this Agreement pursuant Ohio Revised Code Section 9.66(C)(2) and. shall be ineligible for any future economic development assistance from the State,, any, State agency or a political subdivision pursuant to Ohio Revised Code Section 9.66(C)(1). The Company acknowledges that any person who provides a false statement to secure economic development assistance mav be �,)uilty of -falsification, a misdemeanor of thefirst degree, pursuant to Ohio Revised Code Section. 2921.1.3(F)(1), which is punishable by a fine of not more than $ 1,000 and/or a term of imprisonment of not more than six months (t) Entire men® This Agreement constitutes the entire Agreement between the Parties on the subject matter hereof and supersedes all. prior negotiations., agreements and understandings, both written. and oral, betvv-,een the Parties with respect to such su�ject matter. 111's Agreement may not be amended, waived or discharged except in an. instrumentinwriting executed by the Parties. DUN * (h-1 Executed :out jpgrry —ts. t,q riis Agreement may be executed in several. counterparts, each of Avhich shall be deemed to constitute an original, but all o: l together shall constitute but one and the same instrument. It shall not be necessary in proving thi.s Agreement to produce or account for more than one of those counterparts. Goveming.Law. i nis Agreement shall be governed by and construed in accordanc with the laws of the State of Ohio without regard to its principles of conflicts of laws. All clai*m,i counterclaims, disputes and other matters in question between the City, its agents and employees, an W the Company,, its employees and agents, arising out of or relating to this Agreement or its breach NN-ri be decided in a court of competentjUrisdiction. within Franklin County, Ohio. -7- (k.) 11.,egal Authority. The Parties respectively represent and covenant that each is legally empowered to execute, deliver and perfon-n this Agreement and to enter into and carry out the transactions contemplated by this Agreement. The Parties further respectively represent and coven -ant that this Agreement has, by proper action, been duly authorized, executed and delivered by the Parties and all steps necessary to be taken by the Parties have 'been taken to constitute this Agreernent, and the covenants and agreements of the Parties contemplated herein, as a valid and binding obligation of the Rarties, en't"orceable in accordance with. its terms. Limit on Liability. Notwithstanding any clause or provision of this Agreement to the contrary, in no event shall the City or the Company be liable to each. other for punitive, special." consequential, or indirect damages of any type and regardless of whether such damages are, claimed under contract tort (including negligence and strict I iability) or any other theory of law. Hit the City at: City o`:. Ohio 5800 Shier Rings Road Dublin, Ohio 43016-7295 Attention:Economic Development Director (11. the Company at: City Barbeque, LLC Ohio 43 Attention.* `rhe Parties, by notice given hereunder, may designate any Ilurthe:car different addresses to which subsequent notices; certificates., requests or other communications shall be sent. ........... (o) Recitals. The Parties acknowledge and agree that the facts and circumstances as described'in the Recitals hereto are an integral part of this Agreement and as such are incorporated herein by reference. (p) Reporting,,.,Requirelme,n,t,,s. The Company acknowledges that 'it Is hereby advised b the City that certain accounting repoiling requirements may ob14,rate the City to treat and repo payments remitted hereunder to the Company as a tax abatement. 'Notwithstandingany such reportin requirements. the Company acknowledges and agrees that, the Company is not entitled hereunder t an abatement or exemption of any tax obligation that would other -wise be payable pursuant to th Dublin City Code. Ll I I If (q) Severabilit�,. If any provision of this Agreement, or any covenant, obligation o agreement contained herein Is deterniined by a court to be invalid or unenforceable, that deten-ninatio shall not affect ativ It 1* ., other provision, covenant, omigation or agreement, each of which shall b, construed and enforced as if the invalid or wienforceable portion were not contained herein. Th invalidity or unenforceability shall not affect any valid and, enforceable application thereof, and eac, such provision, covenant, obligation or agreement shall be deemed to be effective, operative, mad entered into or taken in the manner and to the full extent permitted by law. (r) Survival of Representations and Warranties. All representations and warranties of the Parties in this Agreement shall survive the execution and delivery of this Agreement. (s) Term. of Agreement. This Agreement shall. become effective as of the Effective Date and shall continue until the earl ier of (i) I � 2020 provided that as of that da d sa y the Company shall have theretofore failed to satisfy the requirem:ents of subsection 1. (b)(j), t, 2020 provided that as of that day the. Company shall have theretot"ore fa*leto tisf the I y re quirements of subsection I (b)(ii), (111) ____ 1, 2020 provided that as of that day the Company shall have theretofore failed to satisAr the requirements of subsection I (b)(iii) or (1v) the day on which the final Annual Incentive Payment which the Cityis obligated to pay hereunder is received by the Company. Third Party, Beneficiaries. Nothing in this Agreement,, express orimplied, is inted ned J to or shall confer upon any other person any right, benefit or remedy of any nature a under or by reason of this Agreement. (REMAINDER OF PAGE INTFENITIONAUY LEF'r BLANK - SIGNATUREPAGE Fol,LOWS) -9- IN WITNESS WHEREOF, the City and the Company have caused this Agreement to be executed in their respective names by their duly authorized representatives, all as of the date first N)VTitten above. Approved as to Form. - Printed: Jennifer D. Readler Y" * Fitle:_ Director of Law CITY OF DUI.BLIN, OHIO 0 Printed: Dana L. McDaniel Title: its Manf"I 0 RUM V '"ISCAL OFFICER'S CERTIFICATE The Undersigned, Director of Finance of the City under the foregoing Agreement, certifies hereby that the moneys required to meet the obligations of the City under the foregoing Agreement during Fiscal Year 201.9 have been appropriated lawfully for that purpose, and are in the J're asun, of the City or in the process of collection to the credit of an appropniate ftind, free from. any prev.10tis encun,ibrances. This Certificate is given in compliance with Sections 5705.41 and 5705 5.44., Ohio Revised Code. Dated: 2019 Angel. L. Mumma Director of Finance City of Dublin,, Ohio