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WHEREAS, the project site as proposed by Company is located in the North Olmsted <br />City School District and the Polaris Career Center and the Board of Education of the North <br />Olmsted City School District has been notified in accordance with Section of the Revised Code <br />and been given a copy of the Application; and <br />WHEREAS, pursuant to Section 3735.67(A) of the Revised Code and in conformance <br />with the format required under Section 3735.671(B) of the Revised Code, the parties hereto <br />desire to set forth their agreement with respect to matters hereinafter contained. <br />NOW, THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF <br />NORTH OLMSTED, COUNTY OF CUYAHOGA AND STATE OF OHIO: <br />SECTION 1: That the Mayor be and she is hereby authorized to enter into a CRA <br />Agreement, a copy of which is attached hereto and marked as Exhibit "A," with J.L. Moore, Inc. <br />and to grant real estate tax abatement for a 10 -year exemption period, in the amount of 50% of <br />the tax on new construction of improvements as described by the Agreement. Said Agreement <br />shall be substantially in the form of the Agreement marked as Exhibit "A" with only such <br />changes therein as are not substantially adverse to the City and which are approved by the <br />Director of Iaw. <br />SECTION 2: That this Ordinance <br />earliest date provided for by law. <br />PASSED u , <br />ATTEST: <br />BEATRICE TAYLOR <br />Clerk of Council <br />APPROVED: lJ <br />MAYOR NICOLE DfoJONES <br />shall take effect and be in force from and after the <br />First Reading: <br />Second Reading: <br />Third ReadinP: <br />Committee: [`�, <br />' S <br />LO J BROSSARD <br />President of Council <br />APPROVED AS TO LEGAL FORM: <br />Is/Michael R. Gareau, Jr. <br />MICHAEL R. GAREAU, JR. <br />Director gfLaw <br />Gr`x�a,ed,6wn- <br />2 <br />