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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 a Job Creation Grant be awarded to the Company for a ten (10) year <br />period beginning in the year 2025 which for each of the following calendar years would pay the <br />Company an amount equal to the corresponding percentages multiplied by the City of North <br />Olmsted income taxes for the Company's employees whose primary job location is the Site for <br />that year: 40%. <br />SECTION 2: That the Mayor be and is hereby authorized to enter into a Job Creation <br />Grant Agreement with Company consistent with the grant awarded in Section 1 of this <br />legislation and with the provisions of Chapter 174 ("Job Creation Grant Program") of the North <br />Olmsted Administrative Code. Said agreement shall be in a form and substance that is not <br />substantially adverse to the City and which is approved by the Director of Law. The character of <br />any such contract as not being substantially adverse to the City shall be evidenced conclusively <br />by the execution of the contract by the Mayor and the approval of the contract by the Director <br />of Law. <br />SECTION 3: That this Resolution is hereby declared to be an emergency measure <br />immediately necessary for the preservation of the public health, safety, and welfare, and for the <br />further reason it is necessary that this legislation go into effect immediately in order to <br />effectively recruit and grow this quality business in the City of North Olmsted, and further, <br />provided it receives the affirmative vote of two-thirds of all members of the Council, it shall take <br />effect and be in force immediately upon its passage and approval by the Mayor. <br />PASSED: ��� �a%Y <br />ATTEST <br />.�://-�, , <br />G(,! L (. <br />BEATRICE TAYLO <br />Clerk ojCouncil <br />First Reading: 5-- 21 <br />SecondReading. � <br />Third Reading: $arpr ,d.A4 <br />Committee: <br />V <br />LOUIS) BROSSAR <br />President of Council <br />APPROVED AS TO LEGAL FORM: <br />Is/Michael R. Gareau, Jr. <br />MICHAEL R GAREAU. JR. <br />Director of Law <br />Yea: °S <br />Nay: p <br />Abse t: `�k� <br />