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CITY OF NORTH OLMSTED <br />RESOLUTION NO. 2018 - 90 <br />BY: Mayor Kennedy <br />A RESOL UTION A UTHORIZING THE MA YOR TO ENTER INTO <br />AGREEMENTS WITH THE CITY OF CLEVELAND, DIVISION OF <br />WATER TO ESTABLISH A MUNICIPAL UTILITIES DISTRICT, TO <br />RESTATE THE WATER SERVICES AGREEMENT, AND TO PROVIDE <br />FOR THE TRANSFER OF WATER UTILITY ASSETS FROM THE CITY <br />OF NORTH OLMSTED. <br />WHEREAS, the Administration believes that it is in the best interest of the City of <br />North Olmsted ("City"), with respect to the maintenance, repair and replacement of water <br />utility lines, to enter into a series of Agreements with the City of Cleveland, Division of Water <br />("Cleveland"), copies of which are described and attached; and <br />WHEREAS, Cleveland offers the City a twenty year Municipal Utility District <br />Agreement ("MUDA"), a copy of which is attached as Exhibit A, in which the parties agree to <br />place limitation upon the use of tax abatements as an incentive to relocation of businesses, as <br />well as to share income tax revenue from certain businesses upon relocation; and <br />WHEREAS, the MUDA requires, among other terms, that the City also extend the <br />water services pursuant to a Restatement of the Water Service Agreement ("Restatement <br />WSA"), a copy of which is attached as Exhibit B, which outlines the terms and conditions of <br />water service and, among other restrictions, conditions Cleveland's maintenance, repair and <br />replacement of water utilities upon the City's transfer of such assets to Cleveland; and <br />WHEREAS, the Restatement WSA requires, among other terms, that the City convey <br />title of water utility assets to Cleveland pursuant to an Asset Transfer Agreement ("ATA"), a <br />copy of which is attached as Exhibit C; and <br />WHEREAS, it is accordingly the desire of this Council to authorize the Mayor to enter <br />into the MUDA, the Restatement WSA and the ATA with Cleveland in order to provide for <br />water services, comprehensive maintenance, repair and replacement of water utilities, as well <br />as provisions for regional economic development. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />NORTH OLMSTED, COUNTY OF CUYAHOGA, AND STATE OF OHIO: <br />SECTION 1: That the Mayor be and he hereby is authorized to enter into a series of <br />agreements with Cleveland, specifically the MUDA, attached as Exhibit A; the Restatement <br />WSA, attached as Exhibit B; and the ATA, attached as Exhibit C. <br />