2026-007 Resolution - Laserfiche WebLink

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CITY OF NORTH OLMSTED RESOLUTION NO.2026 - 7 By: Mayor Jones A RESOLUTION APPROVING AND AUTHORIZING THE MAYOR TO ENTER INTO A JOINT ECONOMIC DEVELOPMENT DISTRICT ("JEDD') CONTRACT BY AND BETWEEN THE TOWNSHIP OF OLMSTED AND THE CITY OF NORTH OLMSTED, CUYAHOGA COUNTY, OHIO, AS TWICEAMENDED. WHEREAS, Olmsted Township, Ohio (the "Township") and the City of North Olmsted, Ohio (the "City"), both political subdivisions located within Cuyahoga County, Ohio, desire to facilitate economic development, preserve and create jobs and employment opportunities and generally improve the economic welfare of the residents within the Township and City; and WHEREAS, to those ends, pursuant to authority granted within the Ohio Revised Code the Township and the City have negotiated the terms of a joint economic development district contract known as the Olmsted Township -North Olmsted Joint Economic Development District Contract (Town Center JEDD) (the "JEDD Contract"); and WHEREAS, the Township and City published notices of the time and place of their respective public hearings regarding the Contract, per R.C. 715.72(1); and WHEREAS, since publication of the notice referenced herein above, the items described in R.C. 715.72 have been available for public inspection with the Clerk of Council; and /L&WHEREAS, the City Council of the City of North Olmsted held a public hearing on the y of [ 1 , 2026 regarding the proposed JEDD Contract and allowed public comment and recommendations pertaining to the JEDD Contract; and WHEREAS, the Mayor and Administration recommend the approval of the JEDD contract as being in the City's best interests. 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 Mayor be and she hereby is authorized to enter into the Olmsted Township -North Olmsted Joint Economic Development District Contract pursuant to R.C. 715.72. The contract shall be in form and substance substantially similar to the attached JEDD Contract, marked as Exhibit A, and attached hereto, with only such changes to be hereinafter made in said contract as are not substantially adverse to the City and which are approved by the Director of Law. The character of any such changes as not being substantially adverse to the City shall be evidenced conclusively by the execution of the Agreement by the Mayor and the approval of the Agreement by the Director of Law.