2024-022 Ordinance - Laserfiche WebLink

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CITY OF NORTH OLMSTED ORDINANCE NO. 2024 — 22 By: Mayor Jones AN ORDINANCE DESIGNATING REVENUE DERIVED FROM THE LEASE OF A SITE FOR THE ESTABLISHMENT OF A CELLULAR TOWER AT THE NORTH OLMSTED PARK, AND DECLARING AN EMERGENCY. WHEREAS, Ordinance 97-74 first designated revenue from a cellular tower on City property at Clague Park to be split between the Economic Development Fund (25%) and the Recreation Fund (75%); and WHEREAS, Ordinance 2002-48 expanded upon Ordinance 97-74 by designating revenue received from co -locators on the cellular tower at Clague Park; and WHEREAS, Ordinance 2005-75 provided as follows: Effective June 7, 2005, all revenues received by the City upon and after said date in connection with any lease or sublease of any City -owned property for use as a telecommunication facility shall be designated as follows: (a) seventy-five percent (75%) to the Recreation Fund and twenty-five (25%) to the Economic Development Fund; and WHEREAS, the City has entered into a lease for the establishment of a cellular tower site at North Olmsted Park and the Administration desires that one hundred percent (100%) of the revenue from the ground lease for said cellular tower be allocated to the Recreation Fund to be used for the North Olmsted Park Improvement Project and related park improvements. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTYOF CUYAHOGA, AND STATE OF OHIO. SECTION 1: That the provisions of Ord. 2005-75, which shall remain in effect, shall not be applicable to revenue generated for the City from a ground lease for the establishment of a cellular tower at North Olmsted Park. The Ordinance shall still apply to subleases and revenues generated from co -locators on the tower; and SECTION 2: That one hundred percent (1000/6) of the revenue from the ground lease related to the cellular tower at North Olmsted Park be and the same we hereby allocated to the Recreation Fund to be used for the North Olmsted Park Improvement Project and related park improvements.