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Motion passed. Resolution 2020-77 was adopted. <br /> 18. SUBSTITUTE ORDINANCE 48-2020 - AN ORDINANCE to take effect immediately <br /> provided it receives the vote of at least two thirds of the members of Council, or otherwise <br /> to take effect at the earliest period allowed by law, authorizing a development Agreement <br /> in connection with the development and redevelopment of certain real property in the City <br /> of Lakewood, Ohio as part of a tax increment financing program under Ohio Revised Code <br /> Section 5709.41. (Placed on 18' <br /> reading and referred to HPD 12121120;2"d reading 114121) <br /> (pg. 128) <br /> President O'Malley made a motion, seconded by Vice President Litten to adopt Ordinance 48- <br /> 2020 as substituted. <br /> Discussion:President O'Malley stated that these ordinances are the TIFs related to the Solove <br /> development. They have been heard in committee. President O'Malley reiterated his strong <br /> supportfor the project and expressed hope it would serve as a catalystfor similar development. <br /> On the motion: A roll call vote was taken as follows: <br /> Yeas —Bullock, Kepple, Litten, Neff, O'Malley, Rader, Shachner <br /> Nays —None <br /> Motion passed. Substitute Ordinance 48-2020 was adopted. <br /> 19. SUBSTITUTE ORDINANCE 49-2020 - AN ORDINANCE to take effect immediately <br /> provided it receives the vote of at least two thirds of the members of Council, or otherwise <br /> to take effect at the earliest period allowed by law, authorizing a development Agreement <br /> in connection with the development and redevelopment of certain real property in the City <br /> of Lakewood, Ohio as part of a tax increment financing program under Ohio Revised Code <br /> Section 5709.41. (Placed on Is'reading and referred to HPD 12121120; 2"d reading 114121) <br /> (pg. 191) <br /> President O'Malley made a motion, seconded by Vice President Litten to adopt Ordinance 49- <br /> 2020 as substituted. <br /> A roll call vote was taken as follows: <br /> Yeas —Bullock, Kepple, Litten, Neff, O'Malley, Rader, Shachner <br /> Nays —None <br /> Motion passed. Substitute Ordinance 49-2020 was adopted. <br /> ****NEW BUSINESS*** <br />