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RESOLUTION NO. 2016-12 INTRODUCED BY: Mayor Bodnar and Council as a Whole A RESOLUTION IN SUPPORT OF OFFERING AN ECONOMIC DEVELOPMENT INCENTIVE PROGRAM GRANT TO WIRELESS ENVIRONMENT, LLC, AND DECLARING AN EMERGENCY WHEREAS, upon discussion between the Mayor, the Economic Development Director and the owners of Wireless Environment, LLC ("Wireless Environment"), the Mayor and the Economic Development Director recommend that the Village enter into formal negotiations with Wireless Environment to provide an Economic Development Incentive Program grant to Wireless Environment; and WHEREAS, this recommendation is made to provide Wireless Environment the appropriate economic development grant to support the economic viability of Wireless Environment's relocation of its operations to the Village and facilitate the expansion of its business operations at 600 Beta Drive; and WHEREAS, the Village intends to enter into negotiations to provide Wireless Environment, for the. first five (5) years of Wireless Environment's lease of 600 Beta Drive, an annual grant in an amount equal to thirty percent (30%) of Wireless Environment's income taxes withheld and/or paid to the Village on its final net annual payroll, so long as a threshold minimum amount of net income tax revenue is paid to the Village; and WHEREAS, based upon the above, the Mayor and the Economic Development Director request Council's formal support of their recommendation. NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF HAYFIELD VILLAGE, OHIO, THAT: SECTION 1. This Council hereby supports the recommendation, set forth above and incorporated herein, of the Mayor and the Economic Development Director, and the terms between the Village and Wireless Environment as outlined in the Letter of Intent attached hereto and incorporated herein as Exhibit "A". SECTION 2. The Mayor is hereby authorized to immediately and forthwith commence negotiations with Wireless Environment so that the appropriate agreements and legislation can be prepared to formalize the grant so that the Company may move forward with the relocation of its operations in the Village. SECTION 3. It is found and determined that all formal actions of this Council concerning and relating to the adoption of this Resolution were adopted in an open meeting of this Council; and that all deliberations of this Council and of any of its committees, resulting in such formal action, took place in meetings open to the public, in {ozoss9so - i }