80-84 Enter Prelim Coop Agreement for Downtown Redevelopment

Home Browse Search

(i). "Direct~>r of Finance" shall mean the Director of Finance of the City of I~kewo~, Ohio. (J). -Director of ~aw" shall mean the Director of Law of the City of ~akewood, Ohio. (k). "Law" or "Laws" shall mean: (t) the applicable provisions of the Ohlo Constitution, .Revised Code of Ohio or other Ohio statutes, administrative rules of any agency of the State of Ohio and the decisions of the courts of Ohio, (ii) the applicable provisions of the Charter, Codified O~dinances or other ordinances and resolutions, and the ad- ministrative rules of any agency, of the City of Lakewood, Ohio, and (iii) any applicable provisions of the Constitu- tion,statutes and administrative rules of any agency and the decisions of the courts of the United States of America. (1) "Mayor" shall mean the Mayor of the City of Lakewood, Ohio. (m) "Ordinance" and "Resolution" shall 'mean the or- dinances (including the Codified Ordinances) and resolutions adopted by the Council of the City of Lakewood, Ohio which are in effect. (n) "Preliminary Agreement" shall mean this Prelim- inary Cooperation Agreement. (o) "Project Area" shall mean that area of the City described in Exhibit A to this Preliminary Agreement. (p) "Special Project Coun-,~el" shall mean Calfee, Halter & Griswold or such other firm of attorneys selected by the mayor. Section 2. Purpose of Preliminary Agreement. (a) Upon the execution of this Preliminary Agreement, the Developer will select a feasibility consultant acceptable to the (Mayor) (Director of Development) to review the Devel- opers plans and proposals in connection with the redevelop- ment of the Project Area and to report its assumptions, findings, determinations, projections, analyses and conclu- sions with respect to the economic feasibility of the Devel- oper's proposed redevelopment of the Project Area. If such report of the feasibility consultant concludes that the De- veloper's proposed redevelopment of the Project Area is feas- ible or can be made feasible pursuant to all applicable laws, the City and the Developer will meet, discuss and negotiate in good faith in an effort to reach agreement upon a final Development Agreement, which, if approved by the Developer and the Council (acting by ordinance), will provide for the redevelopment of the project area. 2.