2022-073 Ordinance - Laserfiche WebLink

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7. From time to time, the Corporation may prepare and present to the City Council recommendations for action to be taken in aid of industrial, commercial, distribution and research development in the City. Where appropriate, such recommendations shall include the location, relocation, construction, expansion, modernization, modification, or improvement of public utility or City facilities or services. The Corporation may review any Project proposed by or financed by the City pursuant to the authority granted by Article VIII, Section 13, Ohio Constitution and Chapter 165 of the Ohio Revised Code, to determine whether such Project is in the best interest of the City and following such review, may certify to the City Council its determination whether or not such project is in the best interest of the City. R. The Corporation may cause advertising, promotional and educational materials to be prepared, printed or otherwise reproduced and distributed and otherwise made available to such extent and in such manner as in the judgment of the Corporation will best assist industrial, commercial, distribution and research development within the City. 9. The Corporation, in such manner and by such method as it shall deem most effective, may contact and solicit any person, firm or corporation which then or in the immediate future is likely to or may be induced to locate, relocate, expand, modify or improve industrial, commercial, distribution or research activities or facilities within the City or which then or in the immediate future intends or threatens to terminate or reduce employment in any such activities or facilities then existing within the City (any which person, firm or corporation is hereinafter call "Prospective Employer"). in order to induce said Prospective Employer to locate, relocate, expand, modify, maintain or improve its said industrial, commercial, distribution or research activities or facilities in the City when such action on the part of the Prospective Employer will be in accord with the policy of the City to promote the health, safety, morals and general welfare of its inhabitants and will further the purpose of creating jobs and employment opportunities and improving the economic welfare of the people of the City. 10. In furtherance of promoting and encouraging the establishment, growth and maintenance in the City of industrial, commercial, distribution and research facilities the Corporation may exercise the following powers as an agent and instrumentality of the City: a. To insure mortgage payments required by a first mortgage on any industrial, economic, commercial or civic property for which funds have been loaned by any person, corporation, bank or financial or lending institution upon such terms and conditions as the Corporation may prescribe;