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Ordinance 36-22SPB #010-9418-9794v5: 09-13-2022 ECONOMIC DEVELOPMENT AGREEMENT THIS ECONOMIC DEVELOPMENT AGREEMENT (the “Agreement”) is made and entered into this _ __ day of , 2022 (the “Effective Date”), by and between the CITY OF DUBLIN, OHIO (the “City”), a municipal corporation duly organized and validly existing under the Constitution and the laws of the State of Ohio (the “State”) and its Charter, and EASE LOGISTICS SERVICES LLC, an Ohio limited liability company (the “Company” and together with the City, the “Parties”), under the circumstances summarized in the following recitals. RECITALS: WHEREAS, consistent with its Economic Development Strategy (the “Strategy”) approved by Dublin City Council Resolution No. 56-19 adopted on October 19, 2019, the City desires to encourage commercial office development and create and preserve jobs and employment opportunities within the City; and WHEREAS, 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 relocate an existing office from within the City to a new office within the City; and WHEREAS, to facilitate that office relocation, the Company desires to purchase an approximate 150,000-square-foot office building, which office building will accommodate the relocation of the Company’s existing office within the City and the future expansion of that new office and its associated operations and workforce within the City; and WHEREAS, pursuant to Ordinance No. 36-22 passed on September 26, 2022 (the “Ordinance”), the City has determined to offer the economic development incentives described herein to induce the Company to purchase an approximate 150,000-square-foot office building for the relocation of the Company’s existing office within the City and the future expansion of that new office and its associated operations and workforce within the City, which will result in the retention of existing and creation of new jobs and employment opportunities to improve 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; and WHEREAS, the City and the Company have determined to enter into this Agreement to provide these incentives in order to induce the Company to purchase an approximate 150,000- square-foot office building for the relocation of the Company’s existing office within the City and the future expansion of that new office and its associated operations and workforce within the City; NOW THEREFORE, in consideration of the foregoing, the promises contained herein, and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the City and the Company agree and obligate themselves as follows: DocuSign Envelope ID: 15FED151-CDF5-40D5-AF1B-DC6A2D8FB6F4 September28th SPB #010-9418-9794v5: 09-13-2022 - 2 - Section 1. Company’s Agreement to Purchase an Existing Office Building to Relocate the Company’s Existing Office within the City and Expand that New Office and its Associated Operations and Workforce Within the City. (a) In consideration for the economic development incentives to be provided by the City herein, the Company agrees that it will purchase an approximate 150,000-square-foot office building located within the City (the "Facility") to relocate the Company’s existing office within the City and to expand that new office and its associated operations and workforce within the City, all consistent with the terms of this Agreement. The Company expects to retain One Hundred Ninety-Four (194) existing employee positions within the City. The Company also expects to create Three Hundred Fifty (350) new employee positions within the City by December 31, 2027. The total estimated payroll withholdings for the retained and new employee positions is estimated to be approximately Three Million Three Hundred Eighty-Two Thousand Dollars ($3,382,000) through December 31, 2027. (b) The Company agrees that the City’s obligations to remit the payments pursuant to Section 2 of this Agreement shall be contingent upon: (i) the Company delivering to the City a photocopy of a fully executed agreement (the “Purchase Agreement”) evidencing the Company’s, purchase of the Facility, provided that the purchase of the Facility will have been completed no later than October 31, 2022, and such Facility will accommodate the relocation of the Company’s existing office within the City and the expansion of the Company’s associated operations and workforce within the City, (ii) the City issuing to the Company (which issuance will not be unreasonably withheld, delayed or conditioned) a certificate of occupancy (the "Certificate of Occupancy") for the Facility, (iii) the Company occupying the Facility and (iv) such other conditions as are set forth in Section 2; provided, however, and notwithstanding any provision herein to the contrary, if the Company shall, after having acted in good faith, fail to deliver either the Purchase Agreement, receive the Certificate of Occupancy or occupy the Facility, each within the respective periods set forth in subsections 4(s)(i), 4(s)(ii) and 4(s)(iii), (v) this Agreement will terminate without such failure constituting a breach by the Company, (vi) the City’s obligation to remit the Retention Incentive Payment or any Annual Incentive Payment will be terminated and (vii) the Company will owe no penalties to the City as a result of such failure. Section 2. City’s Agreement to Provide Incentives. (a) General. In consideration for the Company’s agreement to purchase the Facility to relocate the Company’s existing office to a new office within the City and to expand that new office and its associated operations and workforce, and to retain existing and create new jobs and employment opportunities, all within the City, the City agrees to provide economic development incentives to the Company in accordance with this Section. (b) Retention Incentive Payment. (i) Retention Incentive Payment to the Company. The Company agrees to purchase the Facility for the relocation of the Company’s existing office within the City and the future expansion of that new office and its associated operations and workforce within the City. In consideration of the Company’s agreement to purchase the Facility for the DocuSign Envelope ID: 15FED151-CDF5-40D5-AF1B-DC6A2D8FB6F4 SPB #010-9418-9794v5: 09-13-2022 - 3 - relocation of the Company’s existing office within the City and the future expansion of that new office and its associated operations and workforce within the City, and subject to the Company’s compliance with the requirements set forth in subsections 1(b)(i) through (iv) and subsection 2(d), the City agrees to provide to the Company a retention incentive payment in the amount of Two Hundred Thousand and 00/100 Dollars ($200,000.00), payable to the Company no later than sixty (60) days following the date on which the City shall have reasonably determined that the Company has occupied the Facility; provided that, no payment shall be required to be made pursuant to this Section 2(b)(i) prior to February 1, 2023. (ii) Forfeiture of Right to Receive Retention Incentive Payment. The Company agrees and acknowledges that the Retention Incentive Payment provided for in subsection 2(b)(i) is being made by the City to the Company in consideration for the Company’s agreement to purchase the Facility for the relocation of the Company’s existing office within the City and the future expansion of that new office and its associated operations and workforce within the City. The Company further agrees that if the requirements of subsection 2(b)(i) are not satisfied, the City shall not be obligated to remit the retention incentive payment to the Company as required by this subsection 2(b). (c) Workforce Creation Incentive. (i) Calculation of Actual Payroll Withholding Taxes. On or before March 15 of each of the years 2024 through 2028, the City shall calculate the actual payroll withholding taxes collected and received during the then preceding calendar year and in respect of that preceding calendar year by the City from all Employees (as defined below). For purposes of that calculation, the Company acknowledges and agrees that the total amount of actual payroll withholding taxes in respect of any calendar year shall be determined based solely upon the amount of payroll withholding tax payments actually received by the City from the Company during that calendar year. The Company further acknowledges and agrees that any amount received by the City in respect of any calendar year, but following the conclusion of that calendar year, will not be considered in the total amount of actual payroll withholding taxes for that calendar year. The City reserves in its sole discretion the right to waive this limitation. For purposes of this Section 2, “Employees” shall include only those individuals employed by the Company and working within the City. (ii) Information Relating to Employees. The Company agrees that, in accordance with the City’s codified ordinances, as may hereafter be amended from time to time (the “Dublin City Code”), the annual payroll reconciliation and related W-2 forms relating to its Employees 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 46-5088386. The 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, within thirty (30) days of the occurrence of such change. DocuSign Envelope ID: 15FED151-CDF5-40D5-AF1B-DC6A2D8FB6F4 SPB #010-9418-9794v5: 09-13-2022 - 4 - (iv) Annual Incentive Payments to the Company. Subject to the Company’s compliance with the requirements set forth in subsection 2(d), if the actual payroll withholding taxes collected and received by the City pursuant to subsection 2(c)(i) during the then preceding calendar year and in respect of that preceding calendar year from all Employees, net of refunds (such amount being referred to as the “Actual Withholdings”), equal or exceed the Target Withholdings (as defined in subsection 2(c)(v)) for that preceding calendar year, the City shall, on or before April 15 of the then current calendar year, pay to the Company, solely from nontax revenues (as defined in subsection 2(f)), an amount equal to the product of (A) the Actual Withholdings for that preceding calendar year multiplied by (B) thirteen percent (13%) (with each such product being referred to as an “Annual Incentive Payment”); provided, however, that (1) the City shall not be required pursuant to this subsection 2(c) to remit an Annual Incentive Payment to the Company in excess of the Annual Cap (as defined in subsection 2(c)(v)) in any calendar year, and (2) the aggregate amount of all Annual Incentive Payments remitted pursuant to this subsection 2(c) by the City to the Company shall not exceed Four Hundred Twenty-One Thousand and 00/100 Dollars ($421,000.00). (v) Target Withholdings and Annual Cap. The Target Withholdings and the Annual Cap for each of the calendar years 2023 through 2027 shall be as follows: Calendar Year Target Withholdings Annual Cap 2023 $403,289 $55,000 2024 510,222 70,000 2025 617,154 84,000 2026 724,087 99,000 2027 831,020 113,000 (vi) Forfeiture of Right to Receive Annual Incentive Payments. The Company agrees and acknowledges that the Annual Incentive Payments provided for in subsection 2(c) are being made by the City to the Company in consideration for the Company’s agreement to purchase the Facility for the relocation of the Company’s existing office within the City and the future expansion of that new office and its associated operations and workforce within the City. The Company further agrees that if the Target Withholdings requirement is not met for any given calendar year as set forth in subsection 2(c)(v), the City shall not be obligated to make an Annual Incentive Payment to the Company for the calendar year in respect of which the Target Withholdings requirement was not satisfied. Failure to satisfy the Target Withholdings requirement in respect of any one calendar year does not prohibit the Company from receiving an Annual Incentive Payment for any subsequent calendar year in respect of which the Target Withholdings requirement is satisfied. (d) Filing of Municipal Income Tax Returns and Remission of Related Taxes. (i) The 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 its municipal income tax returns and remit its municipal income tax payments directly through the Ohio Business Gateway, the Company acknowledges that if in respect of DocuSign Envelope ID: 15FED151-CDF5-40D5-AF1B-DC6A2D8FB6F4 SPB #010-9418-9794v5: 09-13-2022 - 5 - any of the tax years 2022 through 2027 (inclusive), the Company either (C) files a related municipal income tax return or (D) remits a related municipal income tax payment, in either case directly with the Ohio Business Gateway instead of the City, then notwithstanding subsection 2(d)(ii), the Company shall forfeit its right to receive and the City shall not be obligated to remit any payment which the City might otherwise be required to pay pursuant to subsections 2(b)(i) or 2(c)(iv) (each applicable payment being referred to as a “Required Payment”) in respect of that tax year. (ii) Not earlier than fifteen (15) days preceding the date on which the City is required to make a Required Payment to the Company, 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 not 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’s written notification the City receives a payment from the Company which the City reasonably determines 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 penalties), the City will within fifteen (15) days of receipt of such payment remit to the Company the Required Payment. If, however, the Company fails to timely remit sufficient payment to the City in accordance with the preceding sentence, the City may in its sole discretion determine that the City’s obligation to remit such Required Payment is voided and that such Required Payment will not be made, and will promptly provide written notification to the Company of such determination. (e) Method of Payment. The payments to be paid to the Company as provided in this Section 2 shall be made by the City to the Company by electronic funds transfer or by such other manner as is mutually agreed to by the City and the Company. (f) City’s Obligation to Make Payments Not Debt; Payments Limited to Nontax Revenues. Notwithstanding anything to the contrary herein, the obligations of the City pursuant to this Agreement shall not be a general obligation debt or bonded indebtedness, or a pledge of the general credit or taxes levied by the City, and the Company shall have no right to have excises or taxes levied by the City, the State or any other political subdivision of the State for the performance of any obligations of the City herein. Consistent with Section 13 of Article VIII, Ohio Constitution, any payments or advances required to be made by the City pursuant to this Section 2 shall be payable solely from the City’s nontax revenues and on a subordinated basis to the payment of debt service charges as may hereafter be payable on securities of the City which are payable from the City’s nontax revenues. Further, since Ohio law limits the City to appropriating monies for such expenditures only on an annual basis, the obligation of the City to make payments pursuant to this Section 2 shall be subject to annual appropriations by the City Council and certification by the Director of Finance of the City as to the availability of such nontax revenues. For purpose of this Agreement, “nontax revenues” shall mean, all moneys of the City which are not moneys raised by taxation, to the extent available for such purposes, including, but not limited to the following: (i) grants from the United States of America and the State, (ii) payments in lieu of taxes now or hereafter authorized to be used for the purposes by State statute, (iii) fines and forfeitures which DocuSign Envelope ID: 15FED151-CDF5-40D5-AF1B-DC6A2D8FB6F4 SPB #010-9418-9794v5: 09-13-2022 - 6 - are deposited in the City’s General Fund, (iv) fees deposited in the City’s General Fund from properly imposed licenses and permits, (v) investment earnings on the City’s General Fund and which are credited to the City’s General Fund, (vi) investment earnings of other funds of the City that are credited to the City’s General Fund, (vii) proceeds from the sale of assets which are deposited in the City’s General Fund, (viii) rental income which is deposited in the City’s General Fund and (ix) gifts and donations. Section 3. Dublink Connection. (a) The City agrees to build and own a lateral fiber connection between the Facility and the Dublink fiber optic system (“Lateral”). The Lateral shall be spliced into the City-owned fiber being used by Continental Broadband Pennsylvania, LLC, dba Expedient pursuant to a Dublink Transport 100 Gigabit Program Service Provider Agreement. (b) In the event the total cost of the Lateral exceeds Fifty Thousand Dollars ($50,000), the Company will either pay the amount in excess of the Fifty Thousand Dollars ($50,000) or waive the obligation of the City to build the Lateral. Section 4. Miscellaneous. (a) Assignment. This Agreement may not be assigned without the prior written consent of all non-assigning Parties. (b) Binding Effect. The provisions of this Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns. (c) Captions. The 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) Day for Performance. 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 performance shall be automatically extended to the next business day. (e) Economic Development Assistance Certification. The Company 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 this Agreement, the Company shall be required to immediately 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 may be guilty of falsification, a misdemeanor of the first degree, pursuant to Ohio Revised Code Section 2921.13(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. DocuSign Envelope ID: 15FED151-CDF5-40D5-AF1B-DC6A2D8FB6F4 SPB #010-9418-9794v5: 09-13-2022 - 7 - (f) Entire Agreement. 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, between the Parties with respect to such subject matter. This Agreement may not be amended, waived or discharged except in an instrument in writing executed by the Parties. (g) Events of Default and Remedies. Except as otherwise provided in this Agreement, in the event of any default in or breach of this Agreement, or any of its terms or conditions, by any Party hereto, such defaulting Party shall, upon written notice from any non-defaulting Party, proceed immediately to cure or remedy such default or breach, and, in any event, within thirty (30) days after receipt of such notice. In the event such default or breach is of such nature that it cannot be cured or remedied within said thirty (30) day period, then in such event the defaulting Party shall upon written notice from any non-defaulting Party commence its actions to cure or remedy said breach within said thirty (30) day period, and proceed diligently thereafter to cure or remedy said breach. In case such action is not taken or not diligently pursued, or the default or breach shall not be cured or remedied within a reasonable time, the aggrieved non-defaulting Party may institute such proceedings as may be necessary or desirable in its opinion to cure and remedy such default or breach. (h) Executed Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to constitute an original, but all of which together shall constitute but one and the same instrument. It shall not be necessary in proving this Agreement to produce or account for more than one of those counterparts. (i) Extent of Covenants; No Personal Liability. All covenants, obligations and agreements of the Parties contained in this Agreement shall be effective to the extent authorized and permitted by applicable law. No such covenant, obligation or agreement shall be deemed to be a covenant, obligation or agreement of any present or future member, officer, agent or employee of the City or the Company other than in his or her official capacity, and neither the members of the legislative body of the City nor any City or Company official executing this Agreement shall be liable personally under this Agreement or be subject to any personal liability or accountability by reason of the execution thereof or by reason of the covenants, obligations or agreements of the City and the Company contained in this Agreement. (j) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Ohio without regard to its principles of conflicts of laws. All claims, counterclaims, disputes and other matters in question between the City, its agents and employees, and the Company, its employees and agents, arising out of or relating to this Agreement or its breach will be decided in a court of competent jurisdiction within Franklin County, Ohio. (k) Legal Authority. The Parties respectively represent and covenant that each is legally empowered to execute, deliver and perform this Agreement and to enter into and carry out the transactions contemplated by this Agreement. The Parties further respectively represent and covenant 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 Agreement, and the covenants and agreements of the Parties contemplated herein, as a valid and binding obligation of the Parties, enforceable in accordance with its terms. DocuSign Envelope ID: 15FED151-CDF5-40D5-AF1B-DC6A2D8FB6F4 SPB #010-9418-9794v5: 09-13-2022 - 8 - (l) 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 liability) or any other theory of law. (m) Notices. Except as otherwise specifically set forth in this Agreement, all notices, demands, requests, consents or approvals given, required or permitted to be given hereunder shall be in writing and shall be deemed sufficiently given if actually received or if hand-delivered or sent by recognized, overnight delivery service or by certified mail, postage prepaid and return receipt requested, addressed to the other Party at the address set forth in this Agreement or any addendum to or counterpart of this Agreement, or to such other address as the recipient shall have previously notified the sender of in writing, and shall be deemed received upon actual receipt, unless sent by certified mail, in which event such notice shall be deemed to have been received when the return receipt is signed or refused. For purposes of this Agreement, notices shall be addressed to: (i) the City at: City of Dublin, Ohio 5200 Emerald Parkway Dublin, Ohio 43017 Attention: Economic Development Director (ii) the Company at: Ease Logistics Services LLC 5725 Avery Road Dublin, Ohio 43016 Attention: Peter Coratola Jr. The Parties, by notice given hereunder, may designate any further or different addresses to which subsequent notices; certificates, requests or other communications shall be sent. (n) No Waiver. No right or remedy herein conferred upon or reserved to any Party is intended to be exclusive of any other right or remedy, and each and every right or remedy shall be cumulative and in addition to any other right or remedy given hereunder, or now or hereafter legally existing upon the occurrence of any event of default hereunder. The failure of any Party to insist at any time upon the strict observance or performance of any of the provisions of this Agreement or to exercise any right or remedy as provided in this Agreement shall not impair any such right or remedy or be construed as a waiver or relinquishment thereof. Every right and remedy given by this Agreement to the Parties hereto may be exercised from time to time and as often as may be deemed expedient by the parties hereto, as the case may be. (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 Requirements. The Company acknowledges that it is hereby advised by the City that certain accounting reporting requirements may obligate the City to treat and report payments remitted hereunder to the Company as a tax abatement. Notwithstanding any such reporting DocuSign Envelope ID: 15FED151-CDF5-40D5-AF1B-DC6A2D8FB6F4 SPB #010-9418-9794v5: 09-13-2022 - 9 - requirements, the Company acknowledges and agrees that the Company is not entitled hereunder to an abatement or exemption of any tax obligation that would otherwise be payable pursuant to the Dublin City Code. (q) Severability. If any provision of this Agreement, or any covenant, obligation or agreement contained herein is determined by a court to be invalid or unenforceable, that determination shall not affect any other provision, covenant, obligation or agreement, each of which shall be construed and enforced as if the invalid or unenforceable portion were not contained herein. That invalidity or unenforceability shall not affect any valid and enforceable application thereof, and each such provision, covenant, obligation or agreement shall be deemed to be effective, operative, made, 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 earlier of (i) October 31, 2022 provided that as of that day the Company shall have theretofore failed to satisfy the requirements of Section 1(b)(i), (ii) October 31, 2023 provided that as of that day the Company shall have theretofore failed to satisfy the requirements of Section 1(b)(ii), (iii) December 31, 2023 provided that as of that day the Company shall have theretofore failed to satisfy the requirements of Section 1(b)(iii) or (iv) the day on which the final Annual Incentive Payment which the City is obligated to pay hereunder is received by the Company. (t) Third Party Beneficiaries. Nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. (REMAINDER OF PAGE INTENTIONALLY LEFT BLANK – SIGNATURE PAGE FOLLOWS) DocuSign Envelope ID: 15FED151-CDF5-40D5-AF1B-DC6A2D8FB6F4 SPB #010-9418-9794v5: 09-13-2022 - 10 - 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 written above. CITY OF DUBLIN, OHIO By: Printed: Dana L. McDaniel Title: City Manager Approved as to Form: By: Printed: Jennifer D. Readler Title: Director of Law EASE LOGISTICS SERVICES LLC By: Printed: Peter Coratola Jr. Title: President and CEO DocuSign Envelope ID: 15FED151-CDF5-40D5-AF1B-DC6A2D8FB6F4 SPB #010-9418-9794v5: 09-13-2022 - 11 - FISCAL 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 2022 have been appropriated lawfully for that purpose, and are in the Treasury of the City or in the process of collection to the credit of an appropriate fund, free from any previous encumbrances. This Certificate is given in compliance with Sections 5705.41 and 5705.44, Ohio Revised Code. Dated: ____________, 2022 Matthew L. Stiffler Director of Finance City of Dublin, Ohio DocuSign Envelope ID: 15FED151-CDF5-40D5-AF1B-DC6A2D8FB6F4 9/28/2022 To: Members of Dublin City Council From: Dana McDaniel, City Manager Date: September 20, 2022 Initiated By: Jennifer Klus, Director of Economic Development Jenna Goehring, CEcD, Economic Development Administrator Re: Ordinance 36-22 Economic Development Agreement with EASE Logistics Update Since the first reading on September 12, 2022, the Economic Development Agreement document has been modified to reflect the specific building being purchased by Ease Logistics. The square footage of the building is 148,906 SF and the language has been modified to read “…to induce the Company to purchase an approximate 150,000-square-foot office building…”. The incentive proposal did not change. No further changes were made to the document. Background EASE Logistics is a multi-operational supply chain and transportation solution company that provides accelerated, innovative services that help deliver the products and goods of select clients by means of a highly effective global network. Since its founding in 2014, EASE has called the City of Dublin home. As EASE continues to grow, the company is considering the purchase of a 150,000 SF facility in Dublin to locate their corporate headquarters. The Economic Development Agreement proposed to EASE Logistics is a five year, 13% Performance Incentive on withholdings collected (2023-2027), capped at $421,000 for the term of the agreement. The performance incentive is contingent upon EASE Logistics providing documentation of the purchase of the 150,000 SF facility within Dublin by September 30, 2022, receiving an occupancy permit and occupying the facility by December 31, 2023. The City is also proposing a $200,000 location grant to offset moving and fit-up costs. Finally, the City is also proposing to install the Dublink lateral connection to the purchased facility. The value of this connection is $32,416. The project would be EASE’s fourth additional facility in Dublin and expects to retain one hundred ninety-four (194) existing employee positions within the City. In addition, the Company expects to create three hundred fifty (350) new employee positions, for a total of five hundred forty-four (544) employees within the City by December 31, 2027. The project is anticipated to bring approximately $3,382,000 in net withholdings through 2027. JobsOhio, the State of Ohio’s Economic Development agency, is also proposing economic development incentives to EASE to help retain and expand its workforce and investment in Ohio. This competitive project also considered Colorado and Florida during the site selection process. Recommendation Staff recommends Council passage of Ordinance 36-22 on September 26th, 2022. Please contact Jenna Goehring (jgoehring@dublin.oh.us) with any questions you may have. Office of the City Manager 5555 Perimeter Drive • Dublin, OH 43016 Phone: 614-410-4400 Memo