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CITY OF NORTH OLMSTED <br />ORDINANCE NO. 6T-7 <br />BY <br />?T <br />AN ORDINANCE DESIGNATING THE NORTH OLMSTED <br />COMMUNITY IMPROVEMENT CORPORATION AS THE <br />DEVELOPMENT AGENT OF THE CITY OF NORTH <br />OLMSTED AND DECLARING AN EMERGENCY <br />W°tIEREAS, Council of the City of North Olmsted is ?esirous <br />of promoting the industrial, economic and civic development of the City of <br />North Olmsted, and <br />WHEREAS, in order to do so, Council has been advised that <br />an improved industrial area is one of the requisites of attracting industry to <br />any municipality, and <br />WHEREAS, the legislature of the State of Ohio has established <br />statutes, Chapter 1724, et seq. of the Ohio Revised Code to permit municipal- <br />ities to incorporate non-profit corporations whose sole purpose is to advance, <br />encourage and pramote industrial, economic and civic development of the <br />municipal area. <br />NOW THEREFORE, BE IT ORDAINED BY THE Council of the City <br />of North Olmsted, State of Ohio: <br />Section 1: That the North Olmsted Community Improvement <br />Corporation, a non-profit corporation, is hereby designated by Council as the <br />development agent of the City of North Olmsted. Said Corporation to have all <br />the power and privileges as are set forth in the statutes of the State of Ohio, <br />Chapter 1724, Sections 1724.01 to 1724.09 inclusive. <br />Section 2: That this Ordinance is hereby declared to be an <br />emergency measure necessary for the immediate preservation of the public <br />peace, health and welfare and safety of the City by virtue of the fact that the <br />1968 building season will soon begin and it is Council's wish that the afore- <br />said corporation be in existence prior to the 1968 building season. VITrrIEREFORE, <br />this Ordinance shall take effect and be in force immediately upon its passage <br />or at the earliest time allowed by law. <br />PASSED: <br />ATTEST: <br />, <br />i?C,/l.Q.cA " . (± <br />C-Q1 <br />-!? <br />Florence Holm, Clerk of Council Francis J. O' Neill P esident of Council <br />APPROVED: <br />)e4deaLe?? <br />Ralph . Christman, Mayor <br />?r . <br />; <br />.- , <br />,1 yCe <br />TLo??%a. ?t