111-97 OrdinanceDayton Legal Blank Co.
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RECORD OF ORDINANCES
Ordinance No
111-97
Passed__
Form No. 30043
19 - --
Fiscal Year Ending December 31,1997 For The Purpose Of Complying With
Provisions Included In The Economic Development Agreement With LCI
International Management Services, Inc.
WHEREAS, Ordinance No. 101-97 authorized the City Manager and the Director
of Finance, on behalf of the City, to enter into an economic development agreement
with LCI International Management Services, Inc. (LCI); and
WHEREAS, the City determined that it was necessary and appropriate and in the
best interest of the City to provide certain assistance using non-tax revenues to LCI
to induce Duke Realty Limited Partnership and LCI to enter into a lease for a
156,000 square feet office building (the Building)for the purpose of creating jobs and
employment opportunities and to improve the economic welfare of the people of the
State of Ohio and the City as authorized in Article VIII, Section 13 of the Ohio
Constitution; and
WHEREAS, the City therefore determined to provide LCI an amount equal to the
lesser of $300,000 or the cost of installing a fiber optic connection including related
equipment between the Building and LCI's facility located at 4650 Lakehurst Court
in the City of Columbus; and
WHEREAS, the City's General Fund has sufficient non-tax revenues, such as
interest income, fees collected for various licenses and permits, and fines and costs
collected by Mayor's Court, to provide such assistance; and
WHEREAS, it is necessary to amend the annual appropriations to provide funding
for the assistance to LCI as provided for in the Economic Development Agreement.
NOW, THEREFO , BE IT ORDAINED, by the Council of the City of Dublin,
State of Ohio, of the elected members concurring that:
Section 1. That there be appropriated from the unappropriated balance in the General
Fund, from non-tax revenues, the amount of $300,000 to account 01-01-19-2822 for
the purpose of providing assistance to LCI related to the installation cost of the fiber
optic connection.
Section 2. That the public hearing be waived in order to make payment to LCI in
accordance with the Economic Development Agreement.
Section 3. That this Ordinance shall take effect and be in force in accordance with
Section 4.04(a) of the Dublin City Charter.
Passed this ~ day of , 1997.
Mayor -Presiding Officer
ATTEST:
t hereby certify that copies of find
City of Deblin in aecordonce w;tk S Ord='nnylee/ ,
ection 731.25 O~i*e~.°.:,:~.,, ra^~ied
6,'l: "`.n devised ~
Clerk of
until, ublin
Clerk of Council
T:\PER\DKP\97\114-7-MG. WPD
the
CITY OF DUBLIN
Director of Finance
5200 Emerald Parkway
Dublin, Ohio 43017-1006
Phone: 614-761-6500
Fax: 614-889-0740
To: Members of Dublin City Council
From: Timothy C. Hansley, City Manager
Date: July 31, 1997
Memo
Re: Ordinance No. l l 1-97, Ordinance Amending The Annual Appropriations Ordinance
For The Fiscal Year Ending December 31, 1997 For The Purpose Of Complying
With Provisions Included In The Economic Development Agreement With LCI
International Management Services, Inc.
Initiated by: Marsha I. Grigsby, Director of Finance '~`~
~.. This Ordinance appropriates the funds necessary to comply with the provisions of the Economic
Development Agreement (EDA) that will be entered into by the City of Dublin and LCI
International Management Services, Inc. (LCI). We are asking that the public hearing for this
Ordinance be waived so that payment to LCI can be made in accordance with the EDA. Ordinance
No. 101-97, which was introduced on July 21, 1997 and scheduled for a public hearing on August
11, 1997, provides the authority for the City Manager and the Director of Finance to enter into the
EDA with LCI.
The incentive in the amount of $300,000 will be paid to LCI for the purpose of providing assistance
related to the installation cost of the fiber optic connection between their new facility in Dublin,
6000 Parkwood Drive, and their facility located at 4650 Lakehurst Court in the City of Columbus.
As part of this incentive package, the City will be receiving $200,000 from the Ohio Department
of Development's Roadwork Development Grant program to be applied toward the cost of
constructing Emerald Parkway, Phase 3. Resolution No. 5-97, which was adopted on March 3,
1997, authorized the acceptance of the $200,000 grant. The paperwork for the grant has been
processed and the City should be receiving payment from the State in the near future.
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