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CITY OF NORTH OLMSTED RESOLUTION NO. 2017 - 57 By: Mayor Kennedy A RESOLUTION APPROVING THE AWARD OF A JOB CREATION GRANT TO COMMUTAIR AND FURTHER AUTHORIZING THE MAYOR TO ENTER INTO A GRANT AGREEMENT, AND DECLARING AN EMERGENCY. WHEREAS, this Council created, through the adoption of Ordinance No. 2007-102, an Economic Development Committee, for the purpose of reviewing applications for City Job Creation grants and recommending eligibility as well as appropriate grant terms; and WHEREAS, headquartered in North Olmsted, Ohio, CommutAir is a regional airline operating on behalf of United Airlines as United Express; and WHEREAS, CommutAir serves more than 1.4 million passengers annually and averages 100 flights a day to more than 20 cities within the United States; and WHEREAS, CommutAir desires to retain and grow their corporate HQ and administrative offices in North Olmsted; and WHEREAS, Occupying about 18,000 sq. ft. in Corporate Center on Country Club Blvd. on a lease that expires 2019, they plan to lease up to an additional 10,000 sq. ft. in Corporate Center; and WHEREAS, CommutAir currently employs 132 persons in North Olmsted with an associated annual payroll of $5,125,000. Over the next 3 years, they plan to add 84 jobs with an associated annual payroll of $10,975,000; and WHEREAS, CommutAir has requested local and state incentives as inducement to remain in North Olmsted and Ohio. They also have offices in Albany, NY and had considered options to move to Albany or look for contiguous space elsewhere in Northeast Ohio; and WHEREAS, the Economic Development Committee has recommended that CommutAir receive a Job Creation Grant. For the calendar years 2017 and 2018, the grant percentage shall be 50% of all City income taxes collected by the Company at the Site on payrolls in excess of the minimum annual payroll. For calendar years 2019 through 2026, the grant percentage shall be 40% of all City income taxes collected by the Company at the Site on payrolls in excess of the minimum annual payroll; and WHEREAS, it is accordingly the desire of this Council to approve the CommutAir Job Creation Grant application and to authorize the Mayor to enter into a Job Creation Grant Agreement with CommutAir.