48-07 JEDZ Agreement - Laserfiche WebLink

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Exhibit A 9OINT ECONOHIC DEVELOPMENT ZONE AGREEMENT Between THE CITY OF CLEVELAND And THE CITY OF ~ OHIO THIS JOINT ECONOMIC DEVELOPMENT ZONE AGREEMENT ("Agreement"), entered into pursuant to Section 715.69 of the Ohio Revised Code and Article XVIII, Sections 3, 4 and 6 of the Ohio Constitution as of the day of __, 2007 ("Effective Date"), by and between the City of Cleveland, Ohio ("Cleveland"), pursuant to the authority of Ordinance No. 1683-06, passed by Cfeveland City Council on October 30, 2006, a copy of which is attached as Exhibit A, and the City of , Ohio ("City"), pursuant to the authority of Ordinance No. , passed by City's Council on ,20 , a copy of which is attached as Exhibit B; Cleveland and City (collectively the "JEDZ Parties") are mUnicipal corporations in, and political subdivisions of, the State of Ohio (the "State"), and duly organized and validly existing under the laws of the State. RECZTALS 1. Cleveland provides a long-term, reliable supply of high quality water service to political subdivisions in the region including City that facilitates new and expanded commercial and industrial groWth and strengthens the tax base for the benefit of City residents. 2. The provision of Cleveland water facilitates economic development, creates and preserves jobs, improves property values, and advances the economic welfare of the inhabitants and businesses located within Cuyahoga County. 3. The provision of Cleveland water outside its borders may have negative economic impacts for Cleveland through the loss of economic development that may otherwise have occurred within Cleveland. 4. The ]EDZ Parties desire to work toward a regional economy focused on growth, innovation, and cooperative efforts, rather than competition amongst municipal neighbors within Cuyahoga County. 5. As part of this regional approach, C!eveland is willing to extend the terms of existing water service agreements with the _~EDZ Parties and to reduce water