To authorize the Director of the Department of Development to enter into an Enterprise Zone Agreement with Buckeye XO LLC for a tax abatement of seventy-five percent (75%) for a period of ten (10) consecutive years in consideration of a total proposed capital investment of approximately $25,700,000 in real property improvements and the creation of fifty-three (53) net new full-time permanent positions with an estimated new annual payroll of approximately $1,653,600.