Enterprise Zone: BD & K Foods, Inc., 1333 Cusseta Road
Initiator
Logan Kipp, Planner, Planning Department
Recommendation
Approval for BD&K Foods, Inc. to receive enterprise zone tax abatements at \n \n their new facility at 1333 Cusseta Road. The abatements are to begin 1/1/2016.
Approval
Pending
Background
BD&K Foods processes and distributes food goods.
Analysis
BD&K Foods 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.
Financial Considerations
BD&K Foods will be investing $1,700,000.00 into the project and will create 35
new jobs over the period. They will also be occupying a vacant building and
improvements are expected to be completed by the end December 2015.
Projected Annual Fiscal Impact Statement
For the BD&K Foods property, the City will be forfeiting about $28,589.48 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.
Legal Considerations
The Enterprise Zone program will need to be evaluated for re-adoption in 2018.
Recommendations/ Actions
Resolution to approve BD&K Foods to receive property tax abatements through the
Columbus Business Development Center per ordinance #98-30