2024-081 Ordinance - Laserfiche WebLink

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The fee shall be made payable to the City of North Olmsted once per year for each year the Agreement is effective no later than March I". This fee shall be deposited in a special fund created for such purpose and shall be used exclusively for the purpose of complying with section 3735.671(D) of the Revised Code and by the Tax Incentive Review Council created under section 3735.671(D) of the Revised Code exclusively for the purposes of performing the duties prescribed under that section. 6. Company shall pay such real and tangible personal property taxes as are not exempted under this Agreement and are charged against such property and shall file all tax reports and returns as required by law. If Company fails to pay such taxes or file such returns and reports, all incentives granted under this Agreement are rescinded beginning with the year for which such taxes are charged or such reports or returns are required to be filed and thereafter. 7. The City of North Olmsted shall perform such acts as are reasonably necessary or appropriate to effect, claim, reserve, and maintain exemptions from taxation granted under this Agreement including, without limitation, joining in the execution of all documentation and providing any necessary certificates required in connection with such exemptions. Company agrees that the City shall have no monetary liability for any damages caused or incurred by Company for any failure of the City to perform its obligations under section seven (7) or any other provisions of this Agreement. 8. If for any reason the Community Reinvestment Area designation expires, the Director of the Ohio Department of Development revokes certification of the Community Reinvestment Area, or revokes the designation of the Community Reinvestment Area, entitlements granted under this Agreement shall continue for the number of years specified under this Agreement, unless the Company materially fails to fulfill its obligations under this Agreement and the City of North Olmsted terminates or modifies the exemptions from taxation granted under this Agreement. 9. If Company materially fails to fulfill its obligations under this Agreement, or if the City of North Olmsted determines that the certification as to delinquent taxes required by this Agreement is fraudulent, the City of North Olmsted, may, in its sole, unreviewable discretion terminate or modify the exemptions from taxation granted under this Agreement and may require the repayment of the amount of taxes that would have been payable had the property not been exempted from taxation under this Agreement. 10. Company hereby certifies that at the time this Agreement is executed, Company does not owe any delinquent real or tangible personal property taxes to any taxing authority of the State of Ohio, and does not owe delinquent taxes for which Company is liable under Chapter 5733., 5735., 5739., 5741., 5743., 5747., or 5753. of the Revised Code, or, if such delinquent taxes are owed, Company currently is paying the delinquent taxes pursuant to an undertaking enforceable by the State of Ohio or an agent or instrumentality thereof, has filed a petition in bankruptcy under 11 U.S.C.A. 101, et seq., or such a petition has been filed against Company. For the purposes of the certification, delinquent taxes are taxes that remain unpaid on the latest day prescribed for payment without penalty under the chapter of the Revised Code governing payment of those taxes.