53-98 Lakewood Schools PIP - Laserfiche WebLink

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PLACED ON 1ST READING i REFERRED TO FINANCE COMMITTEE ON 10/5/98. ORDINANCE NO. s3-g8 BY: Corrigan, ~lannery, George, Roth, Seelie, Skindell, Smith AN EMERGENCY ORDINANCE, authorizing and directing the Mayor, on behalf of the City of Lakewood, to enter into agreement(s) with the Lakewood City Schools for participation in the Public Investment Program ('PIP') of the Economic Development Fund ('EDF'). WHEREAS, as an authorized use of the City of Lakewood's entitlement allocation of federal Community Development Block Grant dollars, the EDF was bstablished and approved by Lakewood City Council on December 2, 1996 in order to promote business investment and redevelopment; and WHEREAS, the PIP was established and approved by Lakewooci City Council on June 2, 1997 as a means for implementing the EDF in order to provide needed and appropriate assistance and support to entities investing in Lakewood that would foster efforts to increase jobs, generate new tax revenue and provide physical improvements in Lakewood; and WHEREAS, the Lakewood City Schools Vocational Department has requested a grant under the PIP in order to complete a finance package to support the installation of software necessary to create a Job Link Program for Lakewood businesses and residents; and WHEREAS, the Economic Development Committee has convened, reviewed and unanimously approved recommendation of the PIP request by the Lakewood City Schools Vocational Department; and WHEREAS, in order to enter into grant agreements under the PIP with the Lakewooci City Schools Vocational Department, Lakewood City Council must grant authority for the City to enter into such agreements; and WHEREAS, this ordinance constitutes an emergency measure providing for the immediate preservation of the public health, safety, and welfare for the reason that financial assistance provided under the EDF is an investment in the City which promotes business redevelopment, generates jobs, increases tax revenues and provides for physical improvements, thereby stabilizing the community and improving the quality of life within the City; now, therefore, BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That the Mayor, on behalf of the City, is hereby authorized and directed to enter into agreement(s) with the Lakewood City Schools Vocational Department to provide a grant for the purchase of so~ in 'compliance with and under the terms of the Public Investment Program of the Economic Development Fund; said agreement(s) to contain such terms and conditions as deemed necessary by the Director of Law to protect the public interest. Section 2. It is found and determined that all formal action of this Council concerning and relating to the passage of this ordinance were adopted in an open meeting of this Council, and that all such deliberations of this Council and of any of its committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements. Section 3. That this ordinance is hereby declared to be an emergency measure for the reasons stated in the preamble hereof and provided it receives the affirmative vote of two-thirds of all members elected to Council, it shall take effect and be in force immediately upon its adoption and approval by the Mayor; othe~vise, it shall take effect and be in force after the earliest period allowed by Adopted: ~ Jq/,/f~ ' .'