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<br /> Council specifically prioritizes best practices in waste, recycling, and composting, high efficacy
<br /> energy-star rated appliances, and solar or geothermal renewable energy.
<br /> Include a "no go dark clause" in the Development Agreement that requires the Developer to
<br /> require their tenants of large ground floor spaces (approx. 3,000 square feet and larger) to
<br /> not be closed for business for a substantial period of time but under an active lease. If the
<br /> tenant goes dark, Developer should be required to make best efforts to fill the retail space.
<br /> Consulting Lakewood's small business groups such as the Downtown Lakewood Business
<br /> Alliance, the West End and Uptown Business groups, Lakewood Alive, and the Chamber of
<br /> Commerce will help inform the Development from inception, prevent undue competition
<br /> from national brands, and enable the Developer and City to learn from their expertise on the
<br /> Lakewood market.
<br /> The Term Sheet states that 25% of the gross retail and restaurant leasable area shall be local,
<br /> regional, or state businesses. It is not fully known how this development will impact
<br /> commercial lease rates and maintenance in other buildings. Council's hope is that this new
<br /> retail space will encourage other commercial property owners to improve their properties for
<br /> the small businesses who currently lease them, but Council's concern is that commercial
<br /> landlords will use the Development to raise rates without corresponding improvements,
<br /> which could incentivize existing businesses to swap old leases for new and create vacancy
<br /> shuffles. Continued dialogue and study will be necessary to support current business owners
<br /> and grow Lakewood's commercial success.
<br /> s Integrated Wet Weather Improvement Plan (IWWIP) https://www.lakewoodoh.gov/accordions/integrated-wet-
<br /> weather-improvement-plan-iwwip-phase-one/
<br /> 4 Climate Action Plan https://www.lakewoodoh.gov/climateactionplan/
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