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WHEREAS, this Council by a vote of at least five (5) members elected hereto determines <br />that this ordinance is an emergency measure, and that this ordinance shall take effect at the <br />earliest date possible as set forth in ARTTCLE III, SECTIONS :[0 and 13 of the SECOND AMENDED <br />CHARTER OF THE CTTY OF LAKEWOOD, and that immediate action is necessary to provide for the <br />preservation of the public health, safety and welfare and for the reason that financial assistance <br />provided under the EDF is an investment in the City of Lakewood which promotes business <br />redevelopment, generates jobs, increases tax revenues and provides for physical improvements <br />thereby stabilizing the community and improving the quality of life within the City. NOW, <br />THEREFORE, <br /> <br /> BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OHIO: <br /> <br />Section 1. That the Mayor or her designee is hereby authorized and directed to enter into <br />an agreement with the Winking Lizard, THC., d.b.a, the Winking Lizard Tavern and Restaurant, <br />· James Callam, Managing Partner, for participation in the Lakewood Business Investment Program <br />(BIP) of the Economic Development Fund (EDF) for a five (5) year forgivable loan in an amount of <br />Fifteen Thousand Dollars ($15,000.00) towakd architectural and engineering professional services <br />associated with the rehabilitation of the property located at 14018 Detroit Avenue, Lakewood, Ohio <br />in compliance with and under' the terms of the Business Investment Program of the Economic <br />Development Fund; said agreements to contain such terms and conditions as deemed necessary <br />by the Director of Law to protect the public interest. <br /> <br /> Section 2. It is found and determined that all formal actions of this Council concerning <br />and relating to the passage of this Ordinance were adopted in an open meeting of this Council, <br />and that all such deliberations of this Council and any of its committees that resulted in such <br />formal actions, were in meetings open to the public in compliance with all legal requirements. <br /> <br /> Section 3. This Ordinance is hereby declared to be an emergency measure for the <br />reasons set forth and defined in the preamble of this Ordinance, and provided it receives the <br />affirmative vote of at least five (5) of its members elected to Council, this Ordinance shall take <br />effect and be in force at the earliest date possible upon its adoption by the Council and approval <br />by the Mayor. <br /> <br />President <br /> <br />Approved: <br /> <br />Page 2 of 2 <br /> <br /> <br />