2016 014 Ordinance - Laserfiche WebLink

Home Browse Search

ORDINANCE NO. 2016-14 INTRODUCED BY: Mayor Bodnar and Council as a Whole AN EMERGENCY ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR AND PRESIDENT OF COUNCIL TO ENTER INTO AN ECONOMIC DEVELOPMENT INCENTIVE GRANT AGREEMENT BETWEEN THE HAYFIELD COMMUNITY IMPROVEMENT CORPORATION, HAYFIELD VILLAGE, OHIO, AND WIRELESS ENVIRONMENT, LLC WHEREAS, the promotion of economic development, including the attraction of businesses to the Village, has been and continues to be a significant goal of the Village; and WHEREAS, to accomplish this goal, the Village and the Mayfield Community Improvement Corporation ("MCIC") have created an Economic Development Incentive Program ("Program") through which the Village awards economic development incentive ,grants to designated companies in the Village; and WHEREAS, the MCIC was first incorporated in December 1983, and continues in good standing as an Ohio not-for-profit corporation, known as a community improvement corporation, under Title XVII, Chapters 1724 and 1702 of the Ohio Revised Code; and WHEREAS, the MCIC acts as the designated agency and instrumentality of the Village for the purpose of promoting industrial, commercial, distribution and research development in the Village pursuant to Ohio Revised Code Section 1724.10; and WHEREAS, the Company is a distributor of wireless LED lighting products, and is exploring relocation to 600 Beta Drive, and represents that it is unlikely to relocate to Mayfield Village without any financial assistance from the Village; and WHEREAS, the Company further represents that with the provision of financial assistance under an Incentive Grant Agreement, it is more likely to relocate to the Village and will occupy between forty-five thousand (45,000) and fifty-thousand (50,000) square feet at 600 Beta Drive, resulting in the attraction of between fifteen (15) and twenty (20) employees generating approximately Thirty Thousand Dollars ($30,000.00) in annual income tax revenue for the Village; and