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Home My WebLink About43-03 Resolution RECORD OF RESOLUTIONS Dayton Legal Blank. Inc.. Form No. 30045 Resolution No. 43-03 Passed .20~ A Resolution Authorizing the Acceptance of a $500,000 Grant From the State of Ohio, Department of Development WHEREAS, the Ohio Department of Development is prepared to provide the City of Dublin with a preliminary commitment of the $500,000 from their Roadwork Development ( 629) Account to help defray the cost of eligible public road improvements associated with the extension of Shamrock Boulevard; and WHEREAS, the Ohio Department of Development's participation is contingent upon Wendy's International, Inc. expanding its corporate headquarters by approximately 16,000 square feet resulting in the retention of 709 jobs and the creation of 50 full time jobs over a three-year period; and WHEREAS, the Ohio Department of Development's participation IS further contingent upon the City committing to fund the balance of public road improvements identified in the request for funding, NOW, THEREFORE, BE IT RElOL VED by the City of Dublin, Franklin, Union and Delaware Counties, Ohio, of the elected members concurring that: Section 1. The City of Dublin hereby accepts the preliminary commitment from the Ohio Department of Development for a $500,000 grant from its Roadwork Development (629) Account. Section 2. The City of Dublin understands the Ohio Department of Development's participation is contingent upon Wendy's International, Inc. and the City meeting commitments identified in the attached Exhibit. Section 3. The City Manager is authorized to execute any necessary documents related to the grant. Section 4. This Resolution is effective upon passage in accordance with Section 4.04(a) of the Dublin City Charter. Passed this 17~ day of .Ala (/ ~h.. h,. r- ,2003. Signed: ~ffiC: Attest: ~ ~-~ Clerk of Council I hereby certify that copIes of this Ordinance/Resolution were posted in the City of Dublin in accordance with Section 731.25 of the Ohio Revised Code. Office of the City Mana~er 5200 Emerald Parkway. Dub in, OH 43017 Phone: 614-410-4400 · Fax: 614-410-4490 CITY OF DUBLIN Memo To: Members of the Dublin City Council From: Jane S. Brautigam, City Manager'--Jo....v~ <), ()~~""""'~' Date: November 10,2003 Initiated By: Michael Stevens, Director of Economic Development (fA~.. ~ \~ Re: Resolution No. 43-03 - Authorizing the Acceptance of a $500,000 Grant from The State of Ohio (Wendy's International Inc.) Summary: Resolution No.43-03 provides the City of Dublin with a preliminary commitment of $500,000 from The State of Ohio, Department of Development's (629) Account to help defray the cost of eligible public road improvements associated with the extension of Shamrock Boulevard. This preliminary commitment to the City is in an effort to assist Wendy's International, Inc.'s plans to expand its corporate headquarters facility in Dublin, As a result of Wendy's proposed expansion, there is a need to extend Shamrock Boulevard, which will serve as a primary access road leading into Wendy's headquarters. The total estimated project cost to extend approximately 2,990 lineal feet of Shamrock Boulevard is $2 million. As noted in the Summary for Ordinance No. 127-03, a tax increment financing district also will be established to provide funding for this roadway project. Recommendation: Staff is recommending the adoption of Resolution No.43-03 at the November 17, 2003 City Council Meeting. Attachment: ODOD Letter dated 10/17/03 <,(j:J' :.--.J'~"'___--.: !<oI"1____ d,<;::;Zr...,.,. ~- ... &~,,;--- -- '1#'___ -- t'0.'11"k~"''' .-- ,.,,;t"~,~ , ~~~~~ OHIO DEPARTMENT OF DEVELOPMENT Bob Taft Bruce Johnson Governor Director October 17,2003 TI ECEDVIE ~ ~ OCT 2 8 2003 Mr, Mike Stevens :J Development Director City of Dublin 5800 Shier-Rings Road Dublin, Ohio 43016 Dear Mr. Stevens: I am pleased to learn of the City of Dublin's efforts to assist Wendy's International, Inc,'s (Wendy's) plans to expand its corporate headquarters facility in Dublin, In order to accommodate the expansion, I understand that there is a need to extend Shamrock Boulevard, which will serve as a primary access road leading into Wendy's headquarters, To demonstrate the Ohio Department of Development's (ODOD) interest in assisting Dublin with this important project, as mentioned in my October 6, 2003 correspondence to Wendy's, I am pleased to provide the following commitment of assistance: . Roadwork Development (629) Account - The ODOD will provide a grant of $500,000 from its fiscal year 2004 Roadwork Development (629) Account toward roadway improvements at the project site. The grant will be provided on a reimbursement basis to Dublin. State prevailing wage rates must be paid on the construction of infrastructure improvements, as determined by the Ohio Department of Commerce, Wage and Hour Bureau, Our participation is based upon the following understanding of the project: . The total estimated project cost to extend approximately 2,990 lineal feet of Shamrock Boulevard is $2 million. . This project will result in the retention of 709 jobs and the creation of 50 new jobs with average wages of $36.00 per hour and a fixed asset investment of over $20 million. . Dublin will fund the remaining balance of these public roadway improvements, 77 S, High St" P.o. Box 1 001, Columbus, Ohio 43216-1001 (614)466-2480 Mr. Mike Stevens October 17,2003 Page Two This preliminary commitment of assistance is based on our understanding of the project as described herein. Please address any issues that are different from our understanding of the project. In the event that any ofthese numbers are reduced, our commitment may be reduced proportionately. This commitment is contingent upon final approval by the State Controlling Board. Please continue to work with Chad Davie, Business Development Representative, who will assist Dublin in gaining the necessary approval for the assistance described herein. He will need to receive a written response from Duhlin by December 12, 2003 acceoting ~ - ~ - this assistance and confirming our understanding of the project. Chad can be reached at 614-644-9759 or via email at cdaviecmodod.state.oh.us should you have any questions. Good luck as you proceed with this important project. I look forward to working with you in the future. ()(f- dr/Bruce Johnson Director BJ/cwd . c: Everett Gallagher, Senior Vice President - Wendy's International, Inc.