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]11 iV NYNV VIa, .",AN1 I9flf <br />! a Ij 141 <br />Oil <br />! <br />$1 IV I� f� .f !'• <br />CITY OF NORTH OLMSTED <br />ORDINANCE NO. 2022-57 <br />Bv: Mawr Jones <br />AN ORDLNANCF AUTHORIZING THE MAYOR TO F_'NTF_R INTO A <br />COMMUNITY REINVESTMENT AREA (CRA.) AGREEMENT WITH <br />FIELDSTONE DEVELOPERS, INC. AND 313.51 INDUSTRIAL PARKWAY, <br />LLC. FOR THE CONSTRUCTION OF A WAREHOUSE / OFFICE <br />COMPLEX IN THE CITY OF NORTH OLMSTED. <br />WHEREAS, On August 5, 2014. this Council adopted Ordinance No. 2014-51, and <br />designated a CommunitN Reimestment Area (CRA) pursuant to Revised Code Chapter 3735: <br />and <br />WHEREAS, in accordance with R.C. 3735.671, the Director of Economic and <br />Community Development has negotiated with Fieldstone Developers. Inc. and 31351 Industrial <br />Parkway. LLC„ (collectivclg "Developer") to enter into a CRA Agreement for the development <br />of a warehouse / oliice complex, located at 31330 Industrial Parkway. North Olmsted. Ohio <br />44070 on Parcel Number(s) 234-11-139 and 234-11-141 as the same is known and designated on <br />the Auditor's revised list of lots in the City of North Olmsted, Ohio and to grail lax abatement. <br />the terms of which are incorporated herein and a copy of which is attached as Fxhibit "A ; and <br />WHEREAS. this Council finds that statutory noli ticalion was served on the North <br />Olmsted Citv School District and Polaris Career Center and that more than fourteen (14) days <br />will lapse before any further action is taken on this legislation; and <br />WHEREAS, this Council further finds. blued on the determination of the Director of <br />Economic and Community Development, that the terms of all agreement between the <br />administration and the Developer. all as memorialized and set forth in the attached CRA <br />Agreement. meets or exceeds the statutory requirements for the real estate tax abatement <br />program. as enabled bN Revised Code Chapter 3735 and adopted by Ord. No. 2014-51. satisk ing <br />key economic dcaclopntent and payroll ohjedives to support such tax abatement: and <br />WHEREAS, it is the desire of this Council to authori/e the Mayor to enter into the CRA <br />Agreement with Developer. for the purl)ose of granting real estate tax abatement in connection <br />.L_ L.,..,._I lo-.__ --m-", I.........4 .,. ]I I:o D—I M—o, <br />