Laserfiche WebLink
,? .. <br />' <br />EXHIBIT A <br />AGREEMENT TO ISSUE BONDS <br />' THIS AGREEMENT, entered into as of the day of <br />, 1982, between the City of North Olmsted, Ohio (herein called <br />"Issuer") and Mr. Joseph P. Riccardi, President of J.P.R., Inc., in <br />furtherance of the public purposes of Section 13 of Article VIII, Ohio <br />Constitution, to create or preserve jobs and employment opportunities <br />and to improve the economic welfare of the people of the State of Ohio <br />and the City of North Olmsted, Ohio; and <br />WHEREAS, the Owner desires to construct and equip a commercial <br />facility (herein called the "Project") within the boundaries of the <br />Issuer to be owned by the Owner or his designee and leased to J.P.R., <br />Inc. dba Duff's Famous Smorgasbord, an Ohio corporation, for use as a <br />restaurant; and <br />WHEREAS, the Owner has requested that the Issuer issue indus- <br />trial development revenue bonds pursuant to Chapter 165, Ohio Revised <br />Code, in an aggregate principal amount now estimated not to exceed <br />$1,600,000 (herein called "Bonds") to provide funds to pay a portion of <br />the cost of the construction and equipping of the Project, and is agree- <br />able to making payments to the Issuer sufficient to pay all of the <br />principal of and premium, if any, and interest on the Bonds; and <br />WHEREAS, the Issuer is willing to issue the Bonds and desires <br />to obtain the economic benefits from such Project. <br />-3-