1983 018 Ordinance - Laserfiche WebLink

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., .1 - 2 -. , Project except from "revenues" (as defined in Section 165.01, Ohio Revised Code) de.rived by the.Issuer with respect to the Bonds and the Project. 2. Upon receipt of a request from the Company and compliance with all applicable requirements of Section 103 of the Internal Revenue Code rela- . - tive to the tax-exemption status of the Bonds, the Issuer will promptly issue the Bonds in such form and,in one or more series, maturing in such amounts and times, bearing interest at such rate or rates, payable on such dates and con- ' taining such optioaal and mandatory redemption features and prices as are re- quested by the.Company, and will deliver the Bonds to the purchaser or pur- chasers thereof and cooperate to its fullest extent in consummating the trans- action. - 3. If any construction activities are undertaken by the Company as . part of the acquisition of the Project, all wages paid to laborers and mechan- ics employed on the_Project shall be paid at not less than the prevailing rates of wages-of laborers and mechanics for the class of work called for by the Project, which wages shall be determined in accordance with the require- . ments of Chapter 4115, Ohio Revised Code, for determination of prevailing wage rates; provided that if the Company undertakes, as part of the Project, con- "struction.to be performed by its regular bargaining unit employees who are ' covered under a collective bargaining agreement which was in existence prior to the date of this Agreement, then, in that event, the rate of pay provided -.. " under the applicable collective bargaining agreement may be paid to, such em- , ployees. To the extent required by Section 4115.032, Ohio Renised Code, the ... . Company shall complq, and shall require compliance by all contractors or sub- contractors.working on the Project, with all applicable requirements of Sec- _ tions 4115.03..through 4115.16, Ohio Revised.Code, including, without limita- tion, obtaining from the Ohio Department of Industrial Relations (i) its de- ` _ termination of the prevailing rates of wages to be paid for the class of work called for by the Project and•(ii) to the extent applicable, its designation of a Prevailing Wage Coordinator for the Project, pursuant to Section 4115.032, Ohio Revised Code. Prior to the issuance of the Bonds_the Company .. shall be required to provide the Issuer with evidence, satisfactory to the Issuer, that it has complied with the foregoing agreements. . 4:. In order to induce the Issuer to execute and deliver thfs Agree- ment and ultimately to issue the Bonds, the Company hereby agrees: (a) The acquisition.of the Project has not occurred ,:;. . .prior to the date hereof. ?- - ' . (b), The provision of the assistance.to be provided . under this Agreement and the commitments-therefor.made by , - - the Issuer. (i) have induced the Company to continue within - ."- the boundaries of the Issuer the business of the Company to.:: be conducted by use of the Project and (ii) will preserve ::. ;. . existing and create additional jobs and employment oppor-., tunities within the Issuer. - '... ' ' . (c) 'The Company will.defend, indemnify and hold the • `. . Issuer.and any and all officials thereof harmless against - - any and.all.loss, cost,.expense, claims or actions arising . ' i out of or connected_with the executon of this Agreement; . . ? .