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<br /> <br />30INT ECO'NOMlC DEVELCtPMENT ZC?fi1E: AGR.EEt*1El+tT <br />V4/ITt! <br />TNE CITY QF AVbN, t#NtC) <br />THIS 3OIN'I ECDl11CUMIG DE11ELOPMENT ZONE AGUEMEP+IT <br />("Agreerr?ent"), entered intc pursuant to Section 715.69 of the Dhio Revised Cade <br />{.,Revised Code"), and Artic9e XVIII, Section: 3 of ttte ahio Constitution as of the <br />?2.wday ?,., 2?3t}8 ("E?fective Date"'), by and betv?eer? the City of Avon, <br />{?hio ('Avt?n") and tt?e?cities of CIevekand, La1cewood, Rocky P.iuer, Fairvre+ra Park, tVorth <br />Olmsted, 4Nestlake, Bay Village+ SheffielC ViNage, Sheffie1d i..aked North Ridgeville, Avon <br />Lake, Lorain and Elyria (caflectively „City", ar pursuant to ciuly adopted <br />ordfnance or resolutibn authority, as apprapriate. Citie=_. shal: have one hunc4red arad <br />eiahty 11.60) days from the Effecbve Date 5et fortti abave to became signing <br />participants of this Agreement, Cities and Avon (col(eetivefy the "JEDZ Parties„) are <br />political subdivisians of, the Sttate of CJttio (the „Stace"), arid are cluly crrganized and <br />validiy existing under Ehe laws of the State. <br />RECITALs <br />1. Qn aeternbee 1, 2006, Avicet requested that the Northeast Ohio;Areawide <br />Coordinating Agency ("Nt7RCA,,) amend its firansportation PEan to ir,clude the <br />recomrnendatirrns of the Avan Access Study that 'snciude a new intercharsge on <br />Interstate 40 ak Nagei Road, widerting of selected arterial; and collector streets -within <br />Auon and ;rttersection ;mproverrrents on 5tate Road 83. <br />I NOACA, is fihe Metropo[itaro Planning t?rganization for the Counties of <br />Cuyah4ga, Geauga, Lake, Lorain: and Me€#ina. <br />1 On OGLober :12, 2007 the Governing Board o` N'OACA adcapted Rp-so(uteon <br />No. 2007-035 approving: the Transpo-tation Pian amer+dn»nt, <br />4, The JEDZ Parties desire to wark tavvard a regional economv focused on <br />growth, innovatian, and cooperative efforts, rafiher than eompet+"tion amorsgst <br />gouernrr?enta) ncighbors withiri Cuyahoga Cauraty artci Larain County. <br />5. The JEi3Z Parties 'tntend to enter into this Agreement to create artd <br />prQVide far the operatian of ajoink economfc develcaprnent zane in accordan?e with <br />Section 7:5.69 of the Reuksed Cvde, for the purpose of facilitai3ng new or expanded <br />growth for comrnercia1 or Qronamic tievelopment Fnr the benefit of ttteir resiclent', and <br />of the State. <br />6. Clevefand is an irnpacted city as rlefir,eti in diuision (C) of Section 1728,01 <br />of khe Revised Coeie. <br />. t ?,