Of the 21 economic incentive agreements the city of Upper Arlington currently has in place, only one has been deemed out of compliance.

Of the 21 economic incentive agreements the city of Upper Arlington currently has in place, only one has been deemed out of compliance.

Matt Shad, deputy city administrator for economic development, reported the results of the tax incentive review commission (TIRC) at council's work session Monday night.

The TIRC, made up of Franklin County auditor Clarence Mingo, Doug Godard, Cathe Armstrong, James Sisto, Norman Essey, Steve Osborne, Mike Drennen and Andrew Geistfeld, is required to meet once a year to review the economic incentive deals the city puts in place.

Shad told council that EMCW of Horizons Drive suite 210 was the only business that failed to meet the growth and income goals set by the city as per the recommendations of the Community Improvement Corporation.

EMCW, owned by Julie Jarvis of Crossroads Financial Planning, pleaded guilty in the U.S. District Court in May 2009 to stealing $2.9-million from two elderly clients between 2000 and 2009.

According to The Columbus Dispatch, Jarvis agreed to pay back the money she took from her clients and funneled into both of her Upper Arlington businesses Crossroads and EMCW.

Shad said EMCW currently is closed.

"The financial adviser, who was convicted of criminal activity, is closed," he said. "The condo that she owns has been unoccupied since that time in 2009."

Shad said the business currently is not producing any revenue for the city.

The agreed-upon incentive for EMCW was a 10-year, 40-percent real-property tax abatement.

"That site is really going nowhere," he said. "It is not paying taxes, and it's not delivering income."

The TIRC board recommended that EMCW be given a 0-percent abatement for the 2010 tax year.

"We are building up the delinquent obligations. It will lump on to the others. It will diminish the value of the purchase price," Shad said.

Shad said the city is not required to penalize delinquent companies but can do so if it chooses.

Council unanimously voted Monday to approve the TIRC recommendations. Council member Mary Ann Krauss was absent.