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?.. . ? . <br />, <br />CITY OF NORTH OLMSTED <br />ORDINANCE N0. 92-22 <br />BY: Mayor Ed Boyle <br />AN ORDINANCE ESTABLISHING ENTERPRISE ZONES WITHIN THE <br />CITY OF 1VORTH OLMSTED, AND DECLARING AN EMERGENCY. <br />WHEREAS, The Ohio Enterprise Zone Act ("the Act") <br />under Ohio Revised Code Section 5709.61 through 5709.66, has <br />authorized counties, with the consent and agreement of <br />affected municipalities and townships therein, to designate <br />areas as Enterprise Zones and to execute agreements with <br />certain enterprises for the purpose of establishing, <br />expanding, renovating or occupying facilities and hiring new <br />employees and preserving jobs within said zones in exchange <br />for specified local tax incentives granted by the county; <br />and <br />WHEREAS, The Council of the City of North Olmsted, <br />Ohio, upon due consideration desire to implement said Act <br />and to designate an Enterprise Zone within the boundaries of <br />the City of North Olmsted to promote the economic welfare of <br />said Municipality; and <br />WHEREAS, It is necessary for the Council to formally <br />request from the Board of County Commissioners of Cuyahoga <br />County, Ohio ("the Board") the inclusion of the Municipality <br />in an Enterprise Zone proposal and to include such an <br />ordinance in a petition to the Director of Development of <br />the State of Ohio to certify the area described as such a <br />zone; and <br />WHEREAS, The Board finds and determines that <br />designation of the zone pursuant to the Ohio Revised Code <br />Section 5709.63 will promote the economic welfare of the <br />residents of the Municipality by creating new jobs and <br />retaining and preserving current jobs and employment <br />opportunities within such areas and is in the best interest <br />of said Municipality; and