2024-103 Ordinance - Laserfiche WebLink

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whose anticipated job is included in the jobs calculation/ projection set forth herein) who is required or elects to pay a local income tax to a municipal taxing entity other than the City of North Olmsted as a result of any work performed (payroll earned) by that employee outside of the City of North Olmsted and who in fact pays said tax to another municipal taxing district, shall not have that taxable portion of said employee's payroll earned outside the City of North Olmsted and taxed elsewhere included in the annual payroll requirements set forth herein. 3. Company in its Application attached hereto has described this Project as "two buildings for the leasing of space." Company expressly acknowledges that the jobs requirements as set forth herein at paragraph two (2) shall arise by and through other individuals or entities with whom Company has entered into a lease agreement. Accordingly, Company during the term of this Agreement agrees that not later than ten (10) days after execution of any lease for space constructed by virtue of the Project located at Parcel Number(s) 234-11- 139 and 234-11-141, it shall provide to the City of North Olmsted, a Memorandum of Lease. Company shall provide to the proper Tax Incentive Review Council or the Mayor or her designee any information reasonably required by the council to evaluate the property owner's compliance with the Agreement, including returns filed pursuant to section 5711.02 of the Ohio Revised Code if requested by the council. This is the Company's sole, unassignable responsibility and shall not be the responsibility of Company's tenants at the Project / Facility. In addition to all other requirements at law or in this Agreement, for the purpose of investigating Company's compliance with this Agreement, Company shall file an annual report with the City no later than March 30" of each year ("Annual Report"). The Company will file Annual Reports each year through the final year in which it receives a tax exemption under this Agreement. The Annual Report shall state, at a minimum, (1) the number of total full time permanentjobs as of January 1" in the previous year at the Project / Facility Site; (2) the number of total full time permanentjobs as of December 31" in the previous year at the Project / Facility Site; (3) the total payroll for all full time permanent jobs as of January 1" in the previous year at the Project / Facility Site; and (4) the total payroll for all full time permanent jobs as of December 31" in the previous year at the Project / Facility Site. If requested, Company agrees to provide supporting materials to substantiate its representations. Because the creation of payroll and jobs at the Project and Facility as required by this Agreement are dependent not upon Company, but upon yet -to -be determined tenants, Company shall include the following language (or substantially similar language) in its lease agreements for any space leased at the Project / Facility Site (Parcel Number(s) 234- 11-139 and 234-11-141): Upon Landlord's / Lessor's request, Tenant / Lessee shall provide Landlord /Lessor with information and documentation pertaining to the number of Tenant's / Lessee's employees, employee payroll amounts, retention information and any other information reasonably requested by landlord / Lessor involving Tenant's jab creation, retention and payroll associated with its use and occupancy of the Premises.