1998 010 Ordinance - Laserfiche WebLink

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r j-- - ORDINANCE NO. 98- to - " INTRODUCED BY: Mayor Rinker and Council as a Whole AN EMERGENCY ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR TO ENTER INTO A DEVELOPMENT AGREEMENT WITH PROGRESSIVE CASUALTY INSURANCE COMPANY RELATIVE TO THE NORTHWEST QUADRANT `~ WHEREAS, the Village and Progressive desire to enter into an agreement involving the exchange of certain properties, and the development of same which will be best suited for the protection of the environment and the citizens of the Village of Mayfield, and which will enhance the health, safety and welfare of,the entire community; and WHEREAS, Progressive will be developing certain acres within the Northwest Quadrant involving the receipt of certain properties from the Village of Mayfield, and the granting of certain properties from Progressive to the Village of Mayfield, and appropriate compensation as well; and WHEREAS, the parties have agreed to certain elements which will reflect the representations and agreement of the parties involving increased employment within the Village, fitness and swimming facilities, participation in the construction of a public roadway, and other miscellaneous items referred to in Exhibit "A'', and incorporated herein by reference. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF MAYFIELD VILLAGE, OHIO, THAT: SECTION 1. That the Mayor and Director of Finance are authorized and directed to enter into the development agreement with Progressive Casualty Insurance Company in a form substantially .similar to that set forth in Exhibit "A" attached hereto and incorporated herein by reference. SECTION 2. The Council finds and determines that all formal actions of this Council relating to the adoption of this Ordinance have been taken at open meetings of this Council; and that deliberations of this Council and of its committees, resulting in such formal action, took place in meetings open to the public, in compliance with all statutory requirements including the requirements of Section 121.22 of the Ohio Revised Code. SECTION 3. This Ordinance is hereby declared to be an emergency measure immediately necessary for the health, safety and welfare of the residents of Mayfield Village, Ohio. It shall, therefore, take effect immediately upon the passage by the affirmative vote of not less than five (5) members elected to Council and approval by the Mayor or otherwise at the earliest time allowed by law.