04/07/2026 Meeting Minutes - Laserfiche WebLink

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Lorain Road resurfacing project. The total borrowing amount for all five notes is $15.1 million, which may attract more investors and potentially result in more favorable interest rate. With no questions from the Committee or Council, Finance Committee unanimously voted 3-0 to favorably recommend Ordinances 2026-26 through 2026-30 to Council, and the Committee concluded at 7:08 p.m. That concludes my report. Thank you. Council President Brossard: Thank you. Councilwoman Gilchrist, Chairwoman of the Recreation, Public Parks and Buildings Committee, do you have a report this evening? Recreation, Public Parks and Buildings Committee Councilwoman Gilchrist: I do not, Mr. President. Thank you. Council President Brossard: Thank you. Councilman Madden is not present this evening, but there is no report for the Environmental Control Committee. Councilman Shymske, Chairman of the Streets and Transportation Committee, do you have a report this evening? Streets and Transportation Committee Councilman Shymske: No, I do not, Mr. President. Thank you. Council President Brossard: Thank you. Councilman Marrie, Chairman of the Building, Zoning and Development Committee, do you have a report this evening? Building, Zoning and Development Committee Councilman Marrie: Yes, I do. Thank you very much. The Building, Zoning, and Development Committee met on Tuesday, March 24th at 7:10 p.m. Present were Committee Members Marrie, Madden, and Limpert, Council President Brossard, Council Members Carr, Gilchrist, and Scarl, the Mayor, Directors of Law, Finance, HR, Service, the Chief of Staff, and guests. • Our agenda included Resolution 2026-7, a Resolution approving the Mayor to enter into a Joint Economic Development District, otherwise known as a JEDD, a contract between North Olmsted and Olmsted Township. The Mayor gave a brief overview of the JEDD, which is a partnership that promotes economic development and collaboration, allowing the city to collect income tax in a designated township area while the township retains property taxes. The project is at the intersection of Stearns and Bagley and is estimated at approximately $16 million in investment and includes a gas station, McDonald's, Aldi, additional commercial space, and 56 residential units. Per the Olmsted Township representatives at the meeting, this is a phased development, and