Plain City company eyes Delaware location


The City of Delaware Planning Commission will consider a request during its Wednesday meeting that could bring a new company to the community.

Plain City-based developer Fed One Dublin LLC is applying for the request, on behalf of Symmetry II building owner Sawmill Delaware Investments, for a development plan exemption to allow an outdoor storage area south of the building at the Innovation Business Park near the Sawmill Parkway and U.S. Route 42 intersection.

“It’s a brand new company,” said Amy Biondi-Huffman of Fed One Dublin. She declined to identify the company or type of business in which it engages.

The company would initially bring eight jobs to the city with the plan to expand to 20 jobs. It would lease 18,000 square feet of the building for five years and about 1.75 acres for a fenced storage area of pipe materials, according to city records.

The storage area would operate during the same amount of time as the lease. The company plans to build a new standalone building in the city to accommodate its growth at the end of five years.

Delaware City Council approved an incentive package in August of last year for the Symmetry II company. It included a community reinvestment area tax incentive agreement and school compensation agreement with Symmetry II, Delaware City Schools, and Delaware Area Career Center for a $4 million investment in a 60,000-square-foot speculative office/warehouse building on Innovation Court.

The company would like to move into the space on Oct. 1.

Investors in Symmetry II have been given three years to meet the minimum job creation and payroll commitments of 28 full-time jobs and $1.3 million, respectively, in exchange a 50 percent, 15-year tax abatement on real property improvements. Investors can earn an additional 10 percent abatement for every $225,000 of new payroll tied to full-time jobs. If the total abatement is 70 percent or more, investors must contribute $3,000 per additional abatement annually to schools.

In other business, the commission will discuss the proposed five-year capital improvement plan. The plan is out of balance from 2019 to 2022 as the city proposes allocating $350,000 each of those years for The Point project.

The plan to widen and replace the railroad bridge at the intersection of U.S. Route 36 and State Route 37 will cost more than $25 million. The city needs to fill an estimated $6.2 million funding gap to complement federal and state grants it received.

The commission will meet at 7 p.m. City Hall, 1 S. Sandusky St.

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By Brandon Klein

bklein@delgazette.com

Gazette reporter Brandon Klein can be reached by email or on Twitter at @brandoneklein.