8923-17 Economic Development Grant to University Tees

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BE IT RESOLVED BY THE CITY OF LAKEWOOD, OHIO: Section 1. The Mayor of Lakewood, or his designee, is hereby authorized to enter into an agreement with University Tees, Inc. for an economic development grant in an amount not to exceed One Hundred Thousand Dollars ($100,000.00) toward permanent improvements to the facility located at 13000 Athens Avenue, Lakewood, Ohio 44107 (Omni Building); said agreement to contain such terms and conditions deemed necessary by the Director of Law to protect the public interest and in substantially the same form as attached as "Exhibit A." Section 2. It is found and determined that all formal actions of this Council concerning and relating to the passage of this resolution were adopted in an open meeting of this Council, and that all such deliberations of this Council 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 resolution is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, property, health, safety, and welfare in the City and for the usual daily operation of the City for the reasons set forth and defined in the preamble to this resolution, and provided it receives the affirmative vote of at least five members of Council, this resolution shall take effect and be in force immediately upon its adoption by the Council and approval by the Mayor, or otherwise it shall take effect and be in force after the earliest period allowed by law. Adopted: Clerk Approved. / Mayor