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92-080 Ordinance
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92-080 Ordinance
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1/20/2014 12:16:29 PM
Creation date
1/17/2014 6:24:25 AM
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North Olmsted Legislation
Legislation Number
92-080
Legislation Date
7/7/1992
Year
1992
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... ..., <br />, .?_...., . ,._. <br />' .,_ t_._ .. :, ,_ ' • „,""w ? ? <br />. ' ? <br />?. <br />providing any necessary certificates required in <br />connection with said tax exemption. <br />7. If for any reason the Enterprise Zone designation <br />expires, or the Council revokes the designation of the <br />Enterprise Zone, or if the Director of Development for <br />the State of Ohio revokes certification of the Enterprise <br />Zone, any entitlement to tax exemption as set forth in <br />Item #4 above, shall continue for the number of years <br />specified in said Item #4 above, provided the Company <br />fulfills the terms of this Agreement. <br />8. If the Company fails to fulfill the terms of this <br />Agreement, the City shall have the right to request the <br />termination or modification of the tax exemption set <br />forth in Item #4 above. <br />9. The Company, the City and the County each acknowledge <br />that this Enterprise Zone Agreement must be forwarded to <br />the Ohio Department of Taxation and the Ohio Department <br />of Development within fifteen (15) days of execution <br />hereof. <br />10. Except for an assignment by the Company to any parent or <br />subsidiary of the Company which will operate the Project, <br />the tax exemption benefits of this Agreement cannot be <br />assigned without the express written consent of the City.
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