This seems a looser variant of polynomial time approximation scheme ($PTAS$). If $\epsilon$ is not small, you can achieve approximation with ratio very close to $1+\epsilon$ because $\mathcal O(\epsilon^{-2}) \le c \epsilon^{-2}$ is small. ($c$ is a fixed positive real number independent of any other variable.) If $\epsilon$ is small, the 2nd term gets larger.
However, $OPT(L)$ is usually much larger than a constant. No matter how large $\mathcal O(\epsilon^{-2})$ becomes, it is still a constant (since $\epsilon$ is a given target real number for the approximation ratio). So Kenyon-Remila theorem means:
"Constructed $\le (1+\epsilon) OPT +\mathcal O(1)$ for any given app ratio $1+\epsilon$, where the $\mathcal O(1)$ term is a constant depending on $\epsilon$. It is actually $\mathcal O(\epsilon^{-2})$."