Dublin City Council on Oct. 21 is scheduled to consider more financial incentives that could result in nearly 190 new jobs in the city.
One proposed financial package is a seven-year, 20% performance incentive on city income tax withholdings collected from 2020 through 2026 capped at $200,000 for Hagerty Insurance Agency to establish an office in Dublin, according to an Oct. 9 memo to council.
Under the agreement between the city and Hagerty, the insurance agency would sign a lease of at least 10 years in Dublin. The business would bring 164 new jobs to the city by the end of 2023, according to the memo.
The city expects to net approximately $663,000 in income-tax revenue over the term of the development agreement, according to the memo.
Another proposed financial package in council’s agenda is a five-year, 10% performance incentive on withholdings collected from 2021 through 2025 capped at $11,000 for Avery Surgery Center LLC to build and operate a 12,000-square-foot surgery center for ears, nose and throat surgery procedures, according to an Oct. 9 memo to council.
According to the memo, Dublin is competing against two sites in a neighboring suburb.
The project would result in 15 new jobs beginning in 2021 and at least seven additional new jobs by the end of 2025, according to the memo. The city expects to net neraly $87,000 in income-tax revenue over the five-year term of the agreement.
The city typically pays companies incentives in such agreements from the city’s nontax revenue, such as licenses, fines, building permits and services provided to outside agencies, such as the Northwest Regional Emergency Communications Center.
Colleen Gilger, Dublin’s economic-development director, has said all such incentives must come from nontax revenues, per state law
Council members also are expected to consider an ordinance to rezone about 34 acres from research/office district to planned-unit-development district for the construction of an Ohio State University Wexner Medical Center medical campus.
OSU plans to build an outpatient-care center on that land near state Route 161, U.S. Route 33 and Shier-Rings Road.
The proposal, according to an Oct. 15 memo to council, is for a medical campus to be developed in two phases. Phase 1 would include about 250,000 square feet, and phase 2 could expand the first phase by as much as 300,000 square feet to include additional medical and related facilities.
After the concept review Aug. 22, the planning and zoning commission looked at the preliminary development plan.
The university already owns or leases multiple locations in the city, university officials said in August. The goal is to consolidate services and expand what is offered.
City Council in April approved an incentive package for the project: a 15% performance incentive for 10 years (2023-32) on net new tax withholdings, capped at $1.1 million in total, when that threshold is reached within the defined term, regardless of calendar year, according to a staff memo.
Under the agreement between the city and Ohio State, the university is required to pay 32.5% toward related public-infrastructure improvements, including the realignment of Shier-Rings Road, the relocation of a ditch and improvements in water, sewer and Dublink fiber-optic service.
Additionally, Ohio State would contribute $1.25 million toward construction of a roundabout at Avery and Shier-Rings roads, according to a city memo.