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~~ ~~:~ Tax Exemption Agreement page 4 City of North Olmsted - YIRS, Ltd. North Olmsted Industrial Park 13. The City shall perform such acts as are reasonably necessary or appropriate to effect, claim, reserve, and maintain exemptions from taxation granted under this Agreement including, without limitation, joining in the execution of all documentation and providing any necessary certificates required in connection with such exemptions. 14. If for any reason the City revokes the designation of the area, entitlements granted under this Agreement shall continue for the number of years specified under this Agreement, unless the Company materially fails to fulfill its obligations under this Agreement and the City terminates or modifies the exemptions from taxation pursuant to this Agreement. 15. If the Company materially fails to fulfill its obligations under this Agreement, or if the City determines that the certification as to delinquent taxes required by this Agreement is fraudulent, the City may terminate or modify the exemptions from taxation granted under this Agreement, and may require repayment of the amount of taxes that would have been payable had the property not been exempted from taxation under this Agreement. 16. The Company shall provide to the Tax Incentive Review Council any information reasonably required by the Council to evaluate the applicant's compliance with the Agreement, including returns filed pursuant to section 571 I.02 of the Ohio Revised Code if requested by the Council. 17. This Agreement is not transferable or assignable without the express written approval of the City. 18. Exemptions from taxation granted under this Agreement shall be revoked if it is determined that the Company, any successor to the Company, or any related member (as those terms are defined in division (E)of Section 3735.671 of the Ohio Revised Code) has violated the prohibition against entering into this Agreement under division (E) of section 3735.671 or section 5709.62 or 5709.63 of the Ohio Revised Code prior to the time prescribed. by that division or either of those sections. 19. The Company agrees to pay the City the amount of one thousand dollars ($1,000.00) for attorney fees relating to the preparation of this Agreement; 20. The Company and the City acknowledge that this Agreement must be approved by formal action of the legislative authority of the City as a condition for the Agreement to take effect. This Agreement takes effect upon such approval.