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Ordinance 2015-103
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Ordinance 2015-103
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12/23/2015 7:15:54 PM
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12/23/2015 7:15:54 PM
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North Olmsted Legislation
Legislation Number
2015-103
Legislation Date
11/17/2015
Year
2015
Legislation Title
Community Reinvestment Area (CRA) and Tax Abatement for Aloft Hotel Project
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e <br /> that BIW Properties, any successor property owner, or any related member(as those terms <br /> ihr are defined in Section 3735.671 of the Ohio Revised Code) has violated the prohibition <br /> against entering into this Agreement under Division (E) of Section 3735.671 or Section <br /> 5709.62 or 5709.63 of the Ohio Revised Code prior to the time prescribed by that division or <br /> either of those sections. <br /> 15. BIW Properties affirmatively covenants that it has made no false statements to the State <br /> or local political subdivisions in the process of obtaining approval of the Community <br /> Reinvestment Area incentives. If any representative of BIW Properties has knowingly <br /> made a false statement to the State or local political subdivision to obtain the Community <br /> Reinvestment Area incentives, BIW Properties shall be required to immediately return all <br /> benefits received under the Community Reinvestment Area Agreement pursuant ORC <br /> Section 9.66(C)(2) and shall be ineligible for any future economic development <br /> assistance from the State, any state agency or a political subdivision pursuant to ORC <br /> Section 9.66(C)(1). Any person who provides a false statement to secure economic <br /> development assistance may be guilty of falsification, a misdemeanor of the first degree, <br /> pursuant to ORC Section 2921.13(D)(1), which is punishable by a fine of not more than <br /> One Thousand Dollars ($1,000) and/or a term of imprisonment of not more than Six (6) <br /> months. <br /> 16. This Agreement is not transferable or assignable without the express,written approval of the <br /> City of North Olmsted. <br /> „► IN WITNESS WHEREOF, the parties have each executed this Agreement as of the date set forth <br /> below; the last date of which shall be the effective date of this Agreement. <br /> CITY: APPLICANT: <br /> City of North Olmsted, Ohio BIW Properties, LLC <br /> Mayor Kevin M. Kennedy <br /> Date Date <br /> Approved to Legal Form: <br /> Michael R. Gareau, Jr., Director of Law <br /> klow Date <br />
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