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NOP.TH OLMS TEn ACR;EEN c,NT AND nLAN OF INDUSTRIAL, <br />CO IOERCIAL, DI TRZBi3TTJ5( AN RESEARCH DEVELO - <br />THIS AGREE2-ENT AND PLAN, entered into as of the <br />day of ; 1979, by and between the City of ortF_? <br />Olmsted, Ohio, amunicipal corporation organized and exzsting <br />undez the Constitution and laws of the State of Ohi,o (the "Mu- <br />nicipali.ty") and the North Olmsted Community Improvement Corpora- <br />tian, a community improvement corpozation organized and existing <br />as a cazpazation not .for profit under the laws of the State of <br />Ohio (_the °'CorpQration") ; — <br />WHEREA,S, in accordance wi.th Section 1724.10 of the Ohi.o <br />Reva.sed Code, the Corporation has been desi.gnated as the ag;ency <br />and instrumentali,ty of the T?unicipali,ty for the industrial, <br />comm.excial, distribution and research development in the Muna.- <br />cipality; and <br />AvJHEREAS, the Corpozation and Municipality desire to enter <br />into an Agreement pursuant to said Section 1724.10; and <br />6+THEREAS, the Coznoration has prepared a Plan of Industrial, <br />Com.mercial, Distribution and R,esearch'DevelQoment for the Mu- <br />nicipality (the "Plan") which has been eonfirmed bv the legisla- <br />tive authoza,ty o£ the T?unicipality; and <br />WHEREAS, the Corporation and Miunici,pali,ty desire to incor- <br />porate the terms and provisions of the Plan into this Agreement <br />so that this ,A,greement shall embody and consti,tute the plan of <br />industrial, cammercial, distribution and research development <br />px'ovided far in said Section 1724,10, <br />NOW, THEREFpRL, the Munici.Palit_y and tize Corporation do <br />hereby agzee as follows: ? <br />ARTICLE I ; <br />The Plan <br />? <br />The i.nitial Plan of Industrial, Commercial, Distribution ? <br />and Research Development ,for the rlunicipaiity shall be to ad- ? <br />vance, encourage and promote the industrial, commercial, distri- F <br />buti.on and xeseazch development of the PTUni.cipality in that r <br />manner which : ? <br />(a) Creates jobs and employrnent opDoxtuni.ties in the i <br />14unicipali.ty and the State of Ohi,a, ; <br />i <br />(b) Improves tl-ie economic we1£are of the people of the r <br />Municipality and of the State of Ohio. i <br />? <br />(c) Zs consistent with socialr economic and geagzaphic ? <br />.factoxs present in the Municipali,tv, <br />3 <br />(d) zs not inconsistent with job needs and skills present <br />in the Muni.cipality, ? <br />(e) Is not inconsistent with environmental factors present ` <br />in the Municipality. ? <br />(f) Is in accordance with its applicable planning and zoning.l <br />i