2022-073 Ordinance - Laserfiche WebLink

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City and, as such agency and instrumentality, will participate in activities in furtherance of industrial, commercial, distribution and research development for the City to the extent and in the manner hereinafter provided. 2. From time to time the Corporation may make recommendations regarding economic development to the City Council of the City of North Olmsted. Said recommendations shall be effective only when and to the extent that they shall be confirmed by the City Council. 1 It is the purpose of the City in having designated the Corporation as its agency and instrumentality for industrial, commercial distribution and research development, and the purpose of the Corporation in accepting and agreeing to act under such designation, to create or preserve jobs and employment opportunities and to improve the economic welfare of the people of the City and of the State of Ohio by exercising through the Corporation as the agency and instrumentality of the City, the power granted to the City by law, to encourage and cause the maintenance, location, relocation, expansion, modernization and equipment of sites, buildings, structures and appurtenant facilities for industrial, commercial, distribution and research activities within the City and thereby to maintain and create additional opportunities for employment within the City in order that lax revenues may be available to provide services for the preservation of the public peace, property, health, safety, morals and general welfare of the City. 4. the maintenance, location, relocation, expansion or modernization of any industrial, commercial, distribution or research activity or facility within the City which will further the aforesaid purpose of the City to create or preservejobs and employment opportunities and to improve the economic welfare of the people is hereby identified and hereinafter referred to as a "Project". 5. The Corporation may cause to be prepared and maintained a current inventory and catalog of both publicly and privately owned lands, buildings, or other improvements which are or may become available and which are or may be suitable for the location, relocation, expansion, modernization, or conversion of or to industrial, commercial, distribution or research activities in furtherance of accomplishment of the Corporation's purposes_ The Corporation may commence the preparation and maintenance of such inventory and catalog in order that it may be currently maintained. 6. The Corporation may as soon as feasible cause to be prepared an analysis of the social, economic, geographic and other advantages which the City can offer in support of industrial, commercial, distribution or research development and shall cause such analysis to be assembled and reproduced in a form suitable for distribution to those which the Corporation seeks to interest in such development in the City.