Laserfiche WebLink
CITY OF NORTH OLMSTED <br />ORDINANCE NO. 2024 - 55 <br />By: Mayor Jones <br />AN ORDINANCE AUTHORIZING THE MAYOR TO ENTER INTO A <br />COMMUNITY REINVESTMENT AREA (C.R.A.) AGREEMENT WITH JL <br />MOORE CONSTRUCTION, INC., AS AMENDED. <br />WHEREAS, the City of North Olmsted has encouraged the development of real property <br />and the acquisition of personal property located in the area designated as a Community <br />Reinvestment Area; and <br />WHEREAS, J.L. Moore, hic. ("Company") is desirous of construction of a corporate <br />headquarters office building (hereinafter referred to as the "Project") within the boundaries of the <br />aforementioned Community Reinvestment Area, provided that the appropriate development <br />incentives me available to support the economic viability of said Project; and <br />WHEREAS, the Council of the City by Ordinance No. 2014-51 adopted August 5, 2014, <br />designated the area as an "Community Reinvestment Area" pursuant to Chapter 3735 of the Ohio <br />Revised Code (the "Revised Code"); and <br />WHEREAS, effective December 5, 2014, the Director of Department of Development of <br />the State of Ohio determined that the aforementioned area designated in said Ordinance No. <br />2014-51 contained the characteristics set forth in Section 3735.66 of the Revised Code and <br />confirmed said area as a Community Reinvestment Area under said Chapter 3735; and <br />WHEREAS, the City of North Olmsted, having the appropriate authority for the stated <br />type of Project, is desirous of providing Company with incentives available for the development <br />of the Project in said Community Reinvestment Area under Chapter 3735 of the Revised Code; <br />and <br />WHEREAS, Company submitted a proposed agreement application (herein attached as <br />Exhibit A) to the City (hereinafter referred to as the "Application"); and <br />WHEREAS, Company has remitted the required state application fee of Seven Hundred <br />Fifty Dollars ($750) made payable to the Ohio Development Services Agency with the <br />application to be forwarded to said department with a copy of the final agreement; and <br />WHEREAS, the Mayor of the City of North Olmsted has investigated the application of <br />Company and has recommended the same to the Council of the City of North Olmsted on the <br />basis that Company is qualified by financial responsibility and business experience to create and <br />preserve employment opportunities in said Community Reinvestment Area and improve the <br />economic climate of the City of North Olmsted; and <br />