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Agreement between Cuyahoga County Board of County Commissioners and Mayfield Village <br />(e). Performance Measures that provide a strategy to track the Zone's <br />success indicators and how the Zone will become financially self- <br />sufficient. <br />B. ANCHOR will provide an agreement or memorandum of understanding, specifically <br />detailing the roles and responsibilities of each Anchor Partner. <br />C. ANCHOR will provide one official "Hotspot" designation along with a development <br />agreement or memorandum of understanding signed by at least one property owner in <br />the Hotspot. <br />D. ANCHOR will provide at least two signed agreements, each agreement signed by one <br />or more anchor partner and one or more Business Development Network member for <br />contribution to the ZIP or other network activities. <br />E. The administrator or designated representative will attend periodic meetings required <br />by the Cuyahoga County Department of Development to allow the COUNTY to <br />inquire about the progress and status of the Zone and offer Zone administrators the <br />opportunity to share best practices. <br />3. TIME OF PERFORMANCE <br />A. ANCHOR agrees to present all deliverables to the Cuyahoga County Department of <br />Development within one hundred eighty (180) days from the Effective Date as <br />outlined in Section 2 of this Agreement, in written form to the Cuyahoga County <br />Department of Development. If the Deliverables required under this Agreement are <br />not completed within one hundred eighty (180) days from the effective date, the <br />COUNTY reserves the right to terminate the award and pursue repayment of some or <br />all Phase I award monies disbursed. <br />B. An extension to the time of performance may be requested in writing by the <br />ANCHOR. Approval shall be subject to the COUNTY's determination that the award <br />recipient has exhibited best efforts to perform its obligation under this Agreement and <br />that there is just cause due to circumstances unforeseeable at the time of the execution <br />of this Agreement. <br />C. Any change in the time of performance must be agreed to by the ANCHOR and the <br />COUNTY by written amendment to this Agreement signed by the parties. <br />4. PA3~MENT <br />A. ANCHOR agrees to provide matching funds for the Phase I CIZ Business Plan grant <br />in the amount of $10,000. <br />H:~Economic Development~Blue Ribbon~Innovation Zones~Applications~Nlayfield Village~Phase I~Mayfield <br />CIZ Phase 1 Contract DRAFT 07-17-2008.doc <br />