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f • <br />ORD. N0. 92-22 <br />PAGE 2 <br />WHEREAS, The Council understands the the Board of <br />County Commissioners is required by law to administer all <br />Enterprise Zones and agreements within the county and will <br />therefore appoint a designee to be responsible for 1) the <br />establishment and operation of The Tax Incentive Review <br />Council as specified in Ohio Revised Code Section <br />5709.63(B), 2) to ensure that the Enterprise Zone abatement <br />agreements contain the information required in Ohio Revised <br />Code Sections 5709.63(A) and 5709.62 (B), including a <br />description of the project, the amount to be invested, the <br />number of jobs created and/or retained, the annual payroll <br />associated with these jobs, and the specific percentage and <br />number of years of tax abatement being granted toward real <br />and/or personal property, 3) to forward copies of all <br />Enterprise Zone abatement agreements to both the Ohio <br />Department of Development and the Ohio Department of <br />Taxation within fifteen days after the agreement is entered <br />into, as specified in Ohio Revised Code Section 5709.63 <br />(D), and 4) to maintain a centralized record of all aspects <br />of the Zone, including copies of the agreements, a list of <br />the members of the Tax Incentive Review Council, and a <br />summary of the Tax Incentive Review Council's annual review <br />of each agreement. <br />WHEREAS, The Council requests from the Board of County <br />Commissioners the power and duty to negotiate Enterprise <br />Zone abatement agreements as permitted in Ohio Revised Code <br />Section 5709.63, and that the Council agrees to negotiate <br />agreements and to assist the Board of County Commissioners <br />in the administration of the Enterprise Zone and will <br />approve all agreements before submitting agreements to the <br />Board of County Commissioners for approval; and <br />WHEREAS, The Council hereby agree to the establishment <br />of a Tax Incentive Review Council or Councils pursuant to <br />Ohio Revised Code Section 5709.63 (B) and will appoint two <br />representatives to said Council within sixty days after the <br />state development director certifies the Zone. <br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF NORTH <br />OLMSTED AS FOLLOWS: <br />SECTION 1: That the Council of the City of North <br />Olmsted hereby authorizes the County to include the portions <br />of the Municipality described in Exhibit A in the Enterprise <br />Zone. <br />SECTION 2: That this Ordinance shall be and the same <br />herby is declared to be an emergency measure necessary for <br />the immediate preservation of the public peace, health, <br />safety and welfare of this City.