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MIDDLETOWN CITY COUNCIL AGENDA TUESDAY, December 19, 2017
City Council Workbook (Pages 46-53)
WHEREAS, the City is considering establishing a Small Business Economic
Development Grant Program; and
WHEREAS, Mike Allen Real Estate Holdings, LLC and Allen Group Enterprise,
LLC dba BMW Motorcycles of Greater Cincinnati has proposed the redevelopment of
140 N. Verity Parkway, currently a vacant site, which will result in the creation of 12
new permanent full-time jobs and one permanent part-time job and approximately
$375,000.00 in new annual payroll; and
WHEREAS, the City is interested in providing an incentive for the growth of
small businesses in Middletown;
NOW, THEREFORE, BE IT ORDAINED, by City Council of the City of
Middletown, Butler/Warren Counties, Ohio, that: Section 1
The City Manager is hereby authorized to enter into a Pilot Agreement for a
Small Business Economic Development Grant with Mike Allen Real Estate Holdings,
LLC and Allen Group Enterprise, LLC dba BMW Motorcycles of Greater Cincinnati,
not to exceed $50,000.00, subject to the terms and conditions of the agreement to
meet job creation and payroll creation targets, and the one year occupancy
requirement. The agreement shall be in a form substantially similar to Exhibit “A”
attached hereto and is subject to approval by the City Manager and Law Director. Section 2
For said purposes, the Finance Director is hereby authorized to pay a sum not
to exceed $50,000.00 from the Property Development Fund (Fund # 499). Section 3
This ordinance shall take effect and be in force at the earliest time permitted by
law.
______________________________
Lawrence P. Mulligan, Jr., Mayor
1st reading: December 5, 2017 2nd reading:_____________
Adopted:_______________
Effective:______________
Attest:_______________________
Clerk of City Council H:/Law/leg/2017 Leg/O Mike Allen dba BMW Economic Development Grant.doc
City Council Workbook Page 51
3. If Grantee meets the job creation goals set forth in paragraphs one of this
Agreement, or is within ten (10%) of same, and takes and maintains occupancy for one
(1) year of this formerly vacant space located at 140 N. Verity Parkway, formerly
occupied by the Middletown Senior Center with the corresponding parcel number of
Q6511011000034, Q6511014000060, Q6511014000059, Q6511014000057,
Q6511014000055, the Grantee shall receive a Small Business Economic Development
Grant for vacant space relocation in the amount of fifty thousand dollars ($50,000.00).
S T A F F R E P O R T For the Business Meeting of December 5, 2017
DATE: November 9, 2017 TO: Douglas Adkins, City Manager FROM: Jennifer Ekey, Economic Development Director
Prepared by: Alexis Fitzsimmons, Assistant Economic Development Director PURPOSE
To authorize the City Manager execute a grant agreement with Mike Allen Real Estate Holdings,
LLC dba BMW Motorcycles of Greater Cincinnati (the Developer).
BACKGROUND and FINDINGS
Mike Allen Real Estate Holdings, LLC dba BMW Motorcycles of Greater Cincinnati is
purchasing parcels Q6511011000034, Q6511014000060, Q6511014000059, Q6511014000057,
Q6511014000055 from the City of Middletown for his project to renovate the old Middletown
Senior Center building located at 140 N. Verity Parkway and create a BMW branded motorcycle
dealership at that location. The dealership will prove new and used motorcycles, parts, service,
and general merchandise to its customers.
The project would include an investment of $1.273 million dollars in construction and upgrades
to the facility, including separating all utilities from the City’s municipal building, and will
create twelve (12) new full-time jobs and create $375,000 in new payroll.
The project will start construction during the first quarter of 2018 and be completed by
December 31, 2018.
This grant will go towards the cost of separating the HVAC, water, electric, and gas utilities
from the City Municipal Building. The Developer will be participating in the newly formed
PACE program to assist with this transition and other energy efficiency upgrades. The total cost
of separating the utilities from the City is approximately $200,000.
ALTERNATIVES
Not providing the grant. FINANCIAL IMPACT
The City will benefit from the separation of the utilities from the old Senior Center Building.
EMERGENCY/NON EMERGENCY
1st Reading on December 5th and 2nd Reading to follow on December 19th, 2017.
Small Business Economic Development Grant
Mike Allen Real Estate Holdings, LLC dba BMW Motorcycles of Greater Cincinnati DEPARTMENTAL CLEARANCES
Law Department ATTACHMENTS
Grant Agreement
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