During a special meeting Monday night, Grandview Heights City Council approved an economic development and incentive agreement with marketing and graphic design firm Portfolio Creative.

During a special meeting Monday night, Grandview Heights City Council approved an economic development and incentive agreement with marketing and graphic design firm Portfolio Creative.

Currently located at 3763 N. High St. in Columbus, Portfolio Creative is considering relocating its headquarters to 777 W. Goodale Blvd. in Grandview Heights.

"If the company generates a taxable city income (in the) amount of $250,000 in 2011 and $530,000 in any calendar year beginning Jan. 1, 2012, and ending Dec. 31, 2017, the city will provide the company with an economic inducement in the form of a credit and a refund, if necessary, in an amount equal to 30 percent of the total municipal corporate net profit taxes paid plus employee withholding taxes remitted to the city's taxing authority in that calendar year from the company," the agreement states.

In other business, council took up the first reading of an ordinance that would bring the city's ballot deadlines into compliance with state and federal laws. The ordinance will require all candidates seeking election in Grandview Heights to submit their ballot petitions 90 days prior to an election, an increase from the current 75-day requirement.

During a Planning and Administration Committee meeting before the council meeting, council member Steve Gladman explained that the city's charter outlines deadlines for the filing of ballot petitions. Once council approves the new ordinance, the legislation will be referred to the city's Charter Review Commission.

"The ordinance will change the charter for this year to be in compliance with the federal law," Gladman said, "and the Charter Review Commission would make a recommendation back to council and we would certify that for the ballot."

Proposals for any changes to the city charter must be placed on the ballot by city council and voted on by the local electorate.

Council's next regular meeting is scheduled for April 4 at 7 p.m.