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; . - _. . . w w w. m ay:f i e I'd v I`a g e:.c o"rrm -, - .: 6622 Wilson Mills Road AY-FffiLD Mayfield Village, OH 44143 ILLA?? 440.442.1762 - Fax 440.461.0552 ?:--•` €? _ = ?-??--?7 ? Mavor Brenda T. Bodnar rwynne@mayfieldvillage.com July 18, 2018 . You liave informed'.,us #hat PreEmptive Solutioris LLC (`.`PreEmptive".) has been exploriiig ._: ` relocatiori outside of Mayfield Village. (the "Village"'): You fiave also infornied us that you are . evaluatxrig..remainulg in the Village and expanding at.your current location: The purpose of this letter of intent is to outline the .incentive that the Village is:preparecj to offer PreEmptive if the company reinains in the Village. VVe Want PreEmptive to know the .proposed amount and ternis of the incentive •so.that the company cari be informed as it. continues to evaluate its options. These terms are subject to your acceptance and rafification by the Village ... Council: If PreEmptive communicates to the Village that tlie company will remain in the Village . based. on these proposed tenns, theri the parties wiil execute an incentive agreerrient detailing the obligations of the parties.. It is our understanding that retaining PreErriptive in the Village would involve th'e following: •. Occupation of 8,200 square feet at 767 Beta Drive: This would be an expansion of 3,694 . squaie feet, an 82% increase: . • The retention of 27 jobs in the V'illage, with an additional 23 jobs projected to be added , vy the end of 2022. a. The continued generation of approximately $42,000 per, year in withholding tax payments, projected to increase to approxiniately $99,000 by the end of 2022. We have applied information about Pi-eEmptive's retention to our Economic Development Incenlive pi•ocess. As an incentive for tlie retention and expansioil described above, the Village is piepared to offer the following to PreEmptive through an economic developnient incentive grant (tlie "Iilcentive Grant"):