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Council finds Access Cadiz in default of 2020 investment agreement; directs staff to pursue remedies
Summary
After months of review and prior committee action, the council adopted a resolution finding Access Cadiz, Inc., in default of its 2020 investment and job-creation agreement and authorized staff to begin recovery and enforcement steps. The resolution passed 9-0.
The Columbus City Council on Feb. 18 adopted a resolution finding Access Cadiz, Inc., in default of a 2020 investment and job-creation retention agreement and authorized city staff to take actions to recover funds and enforce penalties laid out in the contract.
City staff explained the resolution implements a step in the original agreement—s compliance process. Access Cadiz had earlier met some of its commitments but showed reduced employment and organizational turnover in…
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