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1 <br /> <br />CITY OF NORTH OLMSTED <br />ORDINANCE NO. 2007 - 102 <br />BY: Mayor O'Grady and the entire City Council <br />AN ORDINANCE CREATING NEW CHAPTER 174 OF THE <br />ADMINISTRATIVE CODE, ENTITLED "JOB CREATION GRANT <br />PROGRAM," FOR THE PURPOSE OF ENCOURAGING BUSINESSES TO <br />LOCATE AND EXPAND INNORTH OLMSTED, AS AMENDED. <br />WHEREAS, the Director of Planning was authorized, pursuant to Ordinance No. 2006- <br />202, to request proposals for professional economic development consulting services and <br />subsequently the City, following completion of the RFP process and award by the Board of <br />Control, entered into a contract with Silverlode Consulting Corp. [hereinafter, "Silverlode"] to <br />provide such economic development consulting services; and <br />WHEREAS, Silverlode has recommended the creation of a Job Creation Grant Program <br />to encourage businesses to locate and expand in North Olmsted; and <br />WHEREAS, it is the desire of this Council, upon the recommendation of the Director of <br />Planning, to create new Chapter 174 in the City Administrative Code that will establish a Job <br />Creation Grant Program in the City of North Olmsted and set forth the terms and circumstances <br />upon which Job Creation Grants will be available and awarded to qualifying businesses; <br />NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF <br />NORTH OLMSTED, COUNTY OF CUYAHOGA AND STATE OF OHIO: <br />SECTION 1: That there be and hereby is created a new Chapter 174 of the <br />Administrative Code, which as created shall read as follows: <br />CHAPTER 174 <br />Job Creation Grant Program <br />174.01 Purpose 174.05 Economic Development Committee <br />174.02 Definitions 174.06 Grant Requirements <br />174.03 Eligibility 174.07 Grant Agreements <br />174.04 Application Procedures