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WHEREAS, this Council by a vote of at least five members thereof determines that this <br />resolution is an emergency measure, and that this resolution shall take effect at the earliest date <br />possible as set forth in Article III, Sections 10 and 13 of the Second Amended Charter of the City <br />of Lakewood, and that it provides for the usual daily operation of municipal departments in that <br />the funding for the expansion of this project is required in June, 2017; now, therefore <br />BE IT RESOLVED BY THE CITY OF LAKEWOOD, OHIO: <br />Section 1. The Mayor or his designee is hereby authorized and directed to enter into an <br />agreement, in substantially the same form as that attached as Exhibit A, with Western Reserve <br />Distillers, LLC or its designee for participation in the Lakewood Business Investment Program <br />(BIP) of the Economic Development Fund (EDF) for a three -year loan in an amount of <br />$90,000.00 toward the redevelopment of the property located at 14221 Madison Avenue, <br />Lakewood, Ohio 44107 (Permanent Parcel 314 -22 -007) in compliance with and under the terms <br />of the BIP of the EDF; said agreement to contain such terms and conditions as deemed necessary <br />by the Director of Law to protect the public interest. <br />Section 2. It is found and determined that all formal actions of this Council concerning <br />and relating to the passage of this resolution 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 />Section 3. This resolution is hereby declared to be an emergency measure necessary for <br />the immediate preservation of the public peace, property, health, safety and welfare in the City <br />and for the usual daily operation of the City for the reasons set forth and defined in the preamble <br />to this resolution, and provided it receives the affirmative vote of at least five members of <br />Council, this resolution shall take effect and be in force immediately upon its adoption by the <br />Council and approval by the Mayor, or otherwise it shall take effect and be in force after the <br />earliest period allowed by law. <br />Adopted: v n e. 57, Q_(' l —1 <br />Clerk of Clmncil <br />�( <br />Approved: ielna � ,m7 <br />Mayor <br />