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WHEREAS. it is the desire of this Council to authorize the Mayor to enter into the <br />Development Agreement with the Developer, for the purpose of providing for development <br />incentives to induce the Project on the Development Site. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF <br />NORTH OLMSTED, CLITAHOGA COUNTY, OHIO, TIM T <br />SECTION 1: That the Development Agreement, a copy of which is attached hereto and <br />marked as Exhibit "I", is hereby approved. <br />SECTION 2: The Mayor, for and in the name of this City, is hereby authorized to execute <br />and deliver the Development Agreement, attached as Exhibit 1, and any amendments thereto that <br />are not substantially adverse to the City and do not increase the percentage or number of years of <br />the tax abatement, provided further that the approval of changes, completions or amendments <br />thereto by that official, and their character as not being substantially adverse to the City, shall be <br />evidenced conclusively by the Mayor's execution thereof, This Council further hereby authorizes <br />the Mayor, the Director of Economic and Community Development, the Finance Director and the <br />Law Director, and other appropriate officers of the City, to sign those instruments and make those <br />arrangements as are necessary to carry out the purposes of this ordinance. <br />SECTION 3: This Council finds and determines that all formal actions of this Council <br />and any of its committees concerning and relating to the passage of this ordinance were taken in <br />an open meeting of this Council or any of its committees, and that all deliberations of this Council <br />and any of its committees that resulted in those formal actions were in meetings open to the public, <br />all in compliance with the law including ORC 121.22. <br />SECTION 4: That this Resolution shall take effect and be in force from and after the earliest <br />date provided for by law. <br />PASSED: 1-7- <br />r <br />A TTEST- <br />TRICE YL OR <br />Clerk of Council <br />MAYOR MCOL E DA ILE <br />Mayor <br />First Reading: 7 -.24. <br />Second Reading: 2 <br />Third Reading <br />.717 <br />Committee: <br />LO , J. BROSSARD <br />President of Council <br />APPROVED AS TO LEGAL FORM: <br />Isl Michael R. Gareau, Jr. <br />MICHAEL R. GAREAU, JR. <br />Director of Law <br />Noy. <br />Absent <br />