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CITY OF NOl2TH OLMSTED RESOLUTION NO. 2008 - 46 By: Mayor O'Grady A RESOL UTION A UTHORIZING THE MA YOR TO ENTER INTO, ON BEHALF OF THE CITY OF NORTH OLMSTED, AND TO CERTIFY ADOPTION OF A JOINT ECONOMIC DEVELOPMENT ZONE (JEDZ) AGREEMENT WITH THE CITYOFAVON, OHIO. WHEREAS, on December 1, 2006, the City of Avon requested that the Northeast Ohio Areawide Coordinating Agency (NOACA) to amend its Transportation Plan to include the recommendations of the Avon Access Study that include a new interchangc on Interstate 90 at Nagel Road, widening of seleeted arterial and collector streets within Avon and intersection improvements on State Route 83; and WHEREAS, on October 12, 2007 the Governing Boardl of NOACA adopted Resolution No. 2007-035 approving the Transportation Plan amendment; and WHEREAS, on February 12, 2008, the Cities of Cleveland and Avon created a Joint Economic Developn7ent Zone (JEDZ) Agreement and invite surrounding cities to join within 180 days: and WHEREAS, JEDZ parties desire to worlc toward a regional economy focused on growth, innovation, and cooperative efforts, rather than corxipetition aniongst governmental neighbors within Cuyahoga County and Lorain County; and WHEREAS, JEDZ parties intend to enter into an Agreement to create and provide for the operation of a joint economic development zone in accordance with Section 715.69 of the Revised Code, for the purpose of facilitating new or expanded growth far commercial or economic development for the benefit of their residents and of the State: and WHEREAS, the JEDZ Agreement provides in part that, iri consideration of the City's support and advocacy for roadway improvements, the Ciry of Avon commits to certain limitations on tax abatement and other income tax sharing with City members of the JEDZ; and NOW, THEREFORE, BE IT RESOLVED BY THE C'OUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUYAHOGA, AND STATE OF OHIO: SECTION 1: That the Mayor be and he hereby is authomized to enter into, on behalf of the City of North Olmsted, a Joint Economic Development Zone (J]---DZ) Agreement and to execute the Certification of Adoption thereof, all of which will be in accordance with the Agreement which is attaehed hereto as Exhibit A, with only such changes to said Agreement that are acceptable to the !vlayor and approved by the Director of Law as not substantially adverse to the City. ?'he character of any such change as not being sul7stantially adverse to the City shall be evidenced conclusively by the execution of the Agreement by the Mayor and its approval by the Director of Law. SECTION 2: That this Resolution shal] talce effect and be in force from and atter the earliest period allowed by law.