3300-2025
To authorize the Director of the Department of Development to enter into an Enterprise Zone Agreement with Georgesville Properties LLC and Aerospace Lubricants LLC (collectively, the “Enterprise”) for a tax abatement of seventy-five percent (75%) for a period of ten (10) consecutive years in consideration of the Enterprise investing a total project cost of approximately $5,050,000.00, which includes $1,800,000.00 in real property improvements, and $3,250,000.00 in machinery & equipment, the creation of fifteen (15) net new full-time permanent positions with an estimated annual payroll of approximately $1,476,800.00 and the retention of thirty-seven (37) full-time permanent positions with an estimated associated annual payroll of approximately $4,090,000.00 at the proposed Project Site. ($0.00)
What this record is
- Amount
- $5.05M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic Development & Small and Minority Business Committee
- Requested by
- Dev Drafter
- Introduced
- November 24, 2025
- On agenda
- December 15, 2025
- Passed
- December 18, 2025
Where it was heard
Columbus City Council Columbus City CouncilWatch what Columbus buys
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