2026-007 Resolution - Laserfiche WebLink

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and receive and accept aid or contributions from any source of money, property, labor or other things of value, to be held, used and applied only for the purposes for which such grants, aid or contributions are made; and (10) purchase fire and extended casualty insurance coverage and liability insurance coverage for any District facility for the office of the District and for the Property, with said insurance protecting the District and its Board, Officers and employees against liability for damage to property or injury to or death of persons arising from its operations, and any other insurance that the Board may determine to be reasonably necessary. The Board may enter into an agreement with the Township Trustees for the Township to administer and implement the employment policies and practices for the employees of the District, including but not limited to, salaries, benefits and work rules established for the employees of the District. All costs of employment, including, but not limited to, compensation, salaries, benefits, taxes and insurance, shall be paid from revenues of the District. The City or Township shall not be the employer and shall have no liability for any costs of employment or any other costs or expenses arising from such employment. The Board may provide by resolution that the purchase of real or personal property and other goods or services shall comply with applicable rules or regulations of the City or the Township. This Contract grants to the Board the power and authority to adopt a resolution to levy an income tax within the District in accordance with ORC Section 715.72(F)(5) and Section 11 hereof that can only be levied on income earned by persons working in the District, on the net profits of businesses operating in the District, and on the income of persons residing within the District The Board is authorized to do all acts and things necessary or convenient to carry out the powers granted in this Contract. The City and the Township may continue to exercise all of the powers and may perform all of the functions and duties set forth in ORC Section 715.72(T). Section 11. Allocation of Tax Revenues and Duration (A) Non -Income Tax: (1) For purposes of this Section 11, "Township taxes" means the taxes against the real and tangible personal property that would have been charged by and/or payable to the Township if no annexation had occurred. It is agreed that the Property shall remain in the Township following the approval of this Contract. The Township and City shall fully cooperate with State and Cuyahoga County officials to create an additional taxing district, if necessary. (2) This Contract is intended to provide the Township, during the term of this Contract, with one hundred percent (100%) of the tax revenue it would have received from the Property if this Contract had not been entered into, including current and future real property and personal property tax revenue under Township millage rates in effect at the time of collection.