An agreement between Dublin and Delta Energy that includes the sale of city-owned land and a new headquarters for the Columbus-based company could be altered if Dublin City Council approves next month.

An agreement between Dublin and Delta Energy that includes the sale of city-owned land and a new headquarters for the Columbus-based company could be altered if Dublin City Council approves next month.

Council members this week heard the first reading of modifications to an economic development agreement that they approved for Delta Energy in November.

According to the original agreement, Delta Energy planned to purchase 4.4 acres at the corner of Emerald Parkway and Perimeter Drive to build a 20,000-square-foot company headquarters. The agreement said Delta Energy could expand and have a building as large as 35,000 square feet, said Dana McDaniel, Dublin's economic development director.

Delta Energy, a natural gas supplier and energy consultant, still wants to build a 20,000-square-foot headquarters at the site, but only purchase 2.9 acres.

The company would still purchase the land for $225,000 per acre. The city purchased the land in 2001 for the same price.

"The change in acreage is enough to trigger several changes in the agreement set out before you," McDaniel told council members.

"The building will have the same footprint size, but in two phases," he said. A 20,000-square-foot building would be built first, with an option for a two-story, 8,000-square-foot building constructed in a second phase.

The new agreement also would give Delta Energy a three-year option to purchase the rest of the 4.4 acres at the same price, McDaniel said. However, Dublin would have the right to sell the land to another company.

"If the city received a bona fide offer to purchase the property within Delta's option period that it desires to accept, it must present the same to Delta," the new agreement reads. Delta Energy would have 10 days to decide if it wants the property and must make an offer, the agreement states.

Other elements of the original agreement remain unchanged.

The agreement includes a LEED certification grant of $40,000 for a building with green specifications and a tax-increment financing district that would fund infrastructure improvements. The improvements include a roundabout at the intersection of Commerce Parkway and Perimeter Drive, storm-water retention and sidewalks.

The amended agreement will go before council for a second and final reading on May 10.

Delta Energy, currently located off Federated Drive in northwest Columbus, would like its new Dublin headquarters finished by March 2011, company founder and president Sheri Tackett told council members.

According to city staff, the business plans to bring 100 jobs to Dublin, which could receive payroll withholdings from the company of more than $2-million over 10 years.

jnoblit@thisweeknews.com