2025-067 Resolution - Laserfiche WebLink

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EXHIBITA JOB CREATION GRANT AGREEMENT This agreement made and entered into by and between the City of North Olmsted, Ohio, an Ohio municipal corporation, located at 5200 Dover Center Road, North Olmsted, Ohio 44070 (hereinafter referred to as "City") and R.E. Warner & Associates, Inc. ("Company"), a company, with its office located at 25777 Detroit Road, Suite 200, Westlake, Ohio 44145 on this day of May, 2023 ("Effective Date"). WHEREAS, the City encourages economic growth and the creation of job opportunities in the City; and, WHEREAS, the Company is proposing to relocate its headquarters to North Olmsted, Ohio; and, WHEREAS, the Company expects to expand its operations and employment following its relocation; and, WHEREAS, the Company has leased approximately 45,000 square feet of office space in an existing building in North Olmsted located at 24950-25050 County Club Boulevard and make a capital investment of at least $4,000,000 in that office space; and, WHEREAS, the City has established Job Creation Grant Program which is codified at Chapter 174 of Title Five in Part One of the City's Ordinances; and, WHEREAS, the City, having the appropriate authority to establish such a program, desires to provide the Company with appropriate incentives; and, WHEREAS, the Company has submitted the required application to the City which is attached as Exhibit A to this Agreement; and, WHEREAS, the appropriate committees and representatives of the City have reviewed the application of the Company and have recommended to the Council of the City that the Company is a qualified applicant for the Program because it has both the financial responsibility and business experience to create employment opportunities in the City; and, NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows: 1. The Project The Company has leased approximately 45,000 square feet of office space in an existing building in North Olmsted located at 24950-25050 County Club Boulevard (the "Site") and make a capital investment of at least $4,000,000 in that office space for the purpose of relocating its headquarters and administrative offices and expanding its business and employment.