2025-067 Resolution - Laserfiche WebLink

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NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUYAHOGA, AND STATE OF OHIO: SECTION 1: That the Job Creation Grant previously awarded to the Company for a ten (10) year period shall now begin in the year 2025 which for each of the following calendar years would pay the Company an amount equal to the corresponding percentages multiplied by the City of North Olmsted income taxes for the Company's employees whose primary job location is the Site for that year: 2025 — 85%, 2026 — 80%, 2027 - 75%, 2028 — 70%, 2029 — 40%, 2030 — 35%, 2031 and 2032 —15%, and 2033 and 2034 — 10%. SECTION 2: That the Mayor be and is hereby authorized to enter into an amended Job Creation Grant Agreement with Company consistent with the current agreement, with the sole exception of the modified start and end date. The character of any such contract as not being substantially adverse to the City shall be evidenced conclusively by the execution of the contract by the Mayor and the approval of the contract by the Director of Law. See Agreement attached as Exhibit A. SECTION 3: That this Resolution is hereby declared to be an emergency measure immediately necessary for the preservation of the public health, safety, and welfare, and for the further reason it is necessary that this legislation go into effect immediately in order to effectively grow this quality business in the City of North Olmsted, and further, provided it receives the affirmative vote of two-thirds of all members of the Council, it shall take effect and be in force i ediately upon its passage and approval by the Mayor. PASSED: J , �D� First Reading: y-y,zY Second Reading: �, -/g -,aS" ATTEST.____ to-t rx � (-A" BEATRICE TAYLOR r� Clerk of Council APPROVED.• MAYOR NICOLE DAILE O ES Third Reading: �-I —9t' Committee: &�. 0- -t LOUIS J. BROSSAR President of Council APPROVED AS TO LEGAL FORM - Is/ Michael R. Gareau, Jr. MICHAEL R. GAREA U, JR. Director of Law Yea: Nay x Absent.•. f