Hilliard City Council's economic and community development committee has given its blessing to an agreement that will bring 20 new jobs to the city.

Hilliard City Council's economic and community development committee has given its blessing to an agreement that will bring 20 new jobs to the city.

Committee members voted unanimously Monday night to forward the agreement to the full council with a positive recommendation.

Mayor Don Schonhardt said Netwave Corp., which provides high-tech computer solutions and strategies to its clients, is purchasing a building at 4340 Lyman Drive and will create 20 jobs over the next 24 months.

He said the tax incentive, which is consistent with those offered to other businesses locating in the community, is equal to 20 percent of the income tax withheld. If the company meets all requirements of the agreement, Schonhardt said the total value of the incentive over an eight-year period will be $49,567 based on an estimated annual payroll of $1.48-million.

The value of the incentive package would range from a low of $5,920 in 2009 to a high of $6,480 in 2016, the final year of the agreement.

Netwave is currently near the I-270 and Roberts Road intersection at 2178 Dividend Drive, Columbus.

According to the company, Netwave has been delivering integrated technology solutions and services to a wide range of businesses, government agencies and educational institutions throughout the state for the past 11 years.

In other action Monday night, committee members also forwarded to city council three measures establishing boundaries for Community Reinvestment Areas (CRA) that Schonhardt said would give the city the option to grant future real property tax abatements and tax-incentive packages.

Schonhardt said the three areas are likely to see "substantial commercial development: over the next several years.

The areas include:

Verizon CRA, west of Interstate 270, beginning at the Verizon Business location on Britton Road, extending south to Davidson Road, west on Davidson and ending at the transportation depot for the Hilliard City School District on Davidson Road.

Alton-Scioto Darby CRA, starting north of Heritage Lakes Drive and west of Alton Darby Creek Road, going north to Scioto Darby Creek Road, east of Glynwater Lane, extending east along Scioto-Darby Creek Road, including parcels on both sides of that road and ending just east of Cosgray Road.

Old Hilliard CRA, starting at the intersection of Scioto Darby Road and Walcutt Road, going east and then west and north along the Norfolk Southern Railroad line through Old Hilliard north to the Franklin County Fairgrounds, south along Main Street, ending just north of Constitution Boulevard and west to the end of Center Street.