12/06/1988 Meeting Minutes - Laserfiche WebLink

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Council Minutes of 12/6/88 _4_ 4) Finance Committee and administration met with a number of Rec Complex ,~ patrons to discuss ways to generate revenues to cover it. A great deal of interest was expressed with respect. to a ballot issue to generate revenue, not only for expanding operations but also to cover the existing debt. This would accomplish two things: to make necessary repairs and provide additional monies for future operation and also to make additional monies available within the General Fund because the General Fund is currently sub- sidizing the 1989 requirement of $372,700 for debt service. The general concensus was to place an issue on the ballot in the amount of 1..75 mills, one-half mill of which would be earmarked, on a continuing basis, for oper- ations and the balance would be directed at reducing the debt. 5) As Law Director Gareau indicated, three members of council did discuss with him the possibility of providing a tax abatement for a very large international company that is interested in locating in North Olmsted. This company would be requiring about 300,000 square feet of office space; has approximately 1,200 employees with a payroll of about $40,000,000 a year that would generate about $400,000 a year in income tax revenue... Will be scheduling a future meeting to discuss a tax abatement and would ask Mr. Gareau to contact the people he feels would provide the council with information that would be helpful in the consideration of this matter. At this time, 8:35 P.M., President Pro Tem Tallon took his seat at the council table. In order to give Mr, Tallon a few minutes to organize his material, the regular agenda continued. LEGISLATION:. Resolution No. 88-121 introduced by Mayor Petrigac was given its third reading. A resolution authorizing the Mayor to enter into a contract with the Cuyahoga County General Health District for the year 1989, and declaring an emergency. Mr. Boehmer moved for adoption, second by Mrs. Bahas, unanimously approved. Resolution No. 88-121 adopted. Resolution No. 88-124 introduced by Mr. Tallon was given its third reading. A resolution accepting for recording purposes only the resubdivision of 7515 Company's Subdivision No. 2 in the City of North Olmsted. Mr. Tallon moved for adoption, second by Mr. McKay, unanimously approved. Resolution No: 88-124 adopted. Ordinance No. 88-128 introduced by Mayor Petrigac was given its second reading. An ordinance authorizing and directing the Mayor of the City of North Olmsted to enter into an operating agreement with the Greater Cleveland Regional Transit Authority for the purpose of providing transit services in cooperation with said authority, and declaring an emergency. Mr. Wilamosky moved for suspension of rule requiring three readings, second by Mr. McKay., unanimously approved. Mr. Wilamosky moved for adoption, second by Mr. McKay, unanimously approved. Ordinance No. 88-128 adopted. Resolution No. 88-131 introduced by Mr. Wilamosky was given its first reading. A resolution directing the Auditor of Cuyahoga County to pay to the City of North Olmsted, Ohio, during the year 1989, all tax money due and owing said city from any collection source. Mr. Wilamosky moved for suspension of rule requiring three readings as well as referral to committee, second by Mr. Boehmer, unanimously approved. Mr. Wilamosky moved for adoption, second by Mr, Boehmer, unanimously approved. Resolution No. 88-131 adopted.