}
Columbus Consolidated Government
Council Meeting
11/10/2015
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To
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Mayor and Council
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Subject
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Enterprise Zone: Ankerpak, LLC, 3961 Cusseta Road
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Initiator
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Logan Kipp, Planner, Planning Department
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Recommendation
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Approval for Ankerpak, LLC, to receive enterprise zone tax abatements at their \n \n new facility at 3961 Cusseta Road.
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Approval
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Pending
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Background
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Ankerpak is expanding their operations. Ankerpak is a manufacturing and
distribution company.
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Analysis
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Ankerpak has met the necessary requirements set forth in ordinance 98-30 to
receive a 10 year abatement on property taxes as part of the Columbus Business
Development Center.
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Financial Considerations
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Ankerpak will be investing $1,040,000.00 into the project and will create 15
new jobs over the ten year period. They will be occupying a once vacant
building and will be making investments into the property which will be
completed by December 2016.
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Projected Annual Fiscal Impact Statement
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For the Ankerpak property, the City will forfeit about $14,922.77 in property
taxes for the first 5 years. School and other taxes will not be affected. Job
growth and the improvements made to the properties can offset the loss in
property taxes.
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Legal Considerations
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The Enterprise Zone program will need to be evaluated for re-adoption in 2018
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Recommendations/ Actions
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Resolution to approve Ankerpak to receive property tax abatements through the
Columbus Business Development Center per ordinance #98-30