122-02 Dr. K Jordan / Optimal Health Chiropractic BIP

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WHEREAS, an Agreement pursuant to Section I! - Basic Criteria of the B:[P General Assistance Guidelines will be executed by Dr. Keith Jordan d.b.a. Optimal Health Chiropractic Clinic LLC wherein Dr. Jordan agrees to retain five (5) full-time and one (1) part-time job and to the initial job creaUon of three (3) full-time and two (2) part-time jobs or a combination of such that totals eight (8) full-time equivalents and further, in accordance with such Agreement, Dr. Keith 3ordan d.b.a. Optimal Health Chiropractic Clinic LLC is prepared to purchase the property at 1:[860 Clifton Boulevard and to keep the business in Lakewood for five (S) years; and WHEREAS, in order to enter into loan agreements under the B~[P with Dr. Keith 3ordan d.b.a. Optimal Health Chiropractic Clinic LLC, Lakewood City Council must grant authority for the City to enter into such agreements; and WHEREAS, this Council by a vote of at least five (5) members elected hereto determines that this ordinance is an emergency measure, and that this ordinance shall take effect at the earliest date possible as set forth in ARTICLE III, SECTIONS 10 and 13 of the SECOND AHENDED CHARTER OF THE CiTY OF LAKEWOOD, and that immediate action is necessary to provide for the preservation of the public health, safety and welfare and for the reason that financial esslstance provided under the EDF is an investment in the City of Lakewood which promotes business redevelopment, generates jobs, increases tax revenues and provides for physical improvements thereby stabilizing the community and improving the quality of life within the City. NOW, THEREFORE, BE IT ORDAINED BY THE C~TY OF LAKEWOOD, STATE OF OHIO: Section 1. That the Mayor or her designee is hereby authorized and directed to enter into an agreement with Dr. Keith 3ordan d.b.a. Optimal Health Chiropractic Clinic LLC for pa~cipation in the Lakewood Business Investment Program (BIP) of the Economic Development Fund (EDF) for a five (5) year forgivable loan in an amount of Two Hundred Thousand Dollars ($200,000.00) toward the purchase of the property located at 11860 Clifton Boulevard, Lakewood, Ohio in compliance with and under the terms of the Business i[nvestment Program of the Economic Development Fund; said agreements to contain such terms and conditions as deemed necessary by the Director of Law to protect the public interest. Section 2. It is found and determined that all formal actions of this Council concerning and relating to the passage of this Ordinance were adopted in an open meeting of this Coundl, and that all such deliberations of this Coundl and any of its committees that resulted in such formal actions, were in meetings open to the public in compliance with all legal requirements. Section 3. This Ordinance is hereby declared to be an emergency measure for the reasons set forth and defined in the preamble of this Ordinance, and provided it receives the affirmative vote of at least five (5) of its members elected to Council,. this Ordinance shall take effect and be in force at the earliest date possible upon rcs adoption by the Council and approval by the Mayor. Approved: President Clerk of Co~;fcil Mayor