A major—but unidentified—Sandy Springs company is seeking $295,000 in incentives to stay here and expand with 125 net new jobs.

The proposal, codenamed “Project Stone,” is slated for a City Council vote June 21.

According to city documents, the deal involves a public company with more than 400 employees. It wants to renovate its existing building and expand it by 150,000 square feet. It would move existing employees away but hire more for the 125 net new jobs said to pay more than $100,000 a year.

The company is reportedly considering moving to other locations inside and outside metro Atlanta and wants tax incentives to stay. Under the city’s incentive policy, the company is seeking a three-year waiver of a $75,000 business occupational tax and a one-time waiver of a $70,000 building permit. The company would agree to remain for at least 10 years.