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,. ? . ,- <br />ORDINANCE N0. 83-21 <br />INTRODUCED BY: <br />Council as a Whole. <br />AN ORDINANCE DESIGNATING MAYFIELD COMMUNITY <br />IMPROVEMENT CORPORATION AS THE AGENCY OF <br />MAYFIELD VILLAGE, OHIO, FOR INDUSTRIAL, <br />COMMERCIAL, DISTRIBIITION AND RESEARCH <br />DEVELOPMENT, AUTHORIZING THE EXECUTION OF AN <br />AGREEMENT AND PLAN FOR SUCH DEVELOPMENT, <br />CONFIRMING SUCH PLAN, AND DECLARING AN <br />EMERGENCY. <br />WHEREAS, Section 13 of Article VIII, Ohio Constitution provides that, <br />to create and preserve jobs and employment opportunities and to improve the <br />economic welfare of the people of the State of Ohio, it is in the public <br />interest and a proper public purpose for a municipal corporation, its agencies <br />or instrumentalities, or corporations not for profit designated by such <br />municipal corporation as its agency or instrumentality, to perform the acts <br />and exercise the powers therein provided; and <br />WEiEREAS, under Chapter 1724, Ohio Revised Code a corporation not for <br />- profit, known as a community improvement corporation, may be organized for the <br />sole purpose of advancing, encouraging, and promoting the industrial, <br />economic, commercial, and civic development Or;3 community or area and may be <br />designated by a municipal corporation as its agency for the purpose of <br />industrial, commercial, distribution and research development and such <br />municipal corporation may then enter into an agreement with and confirm a plan <br />prepared by said designated community improvement corporation in accordance <br />with Section 1724.10 of the Ohio Revised Code; <br />NOW, THEREFORE, BE IT ORDAINED by the Council of Mayfield Village, <br />County of Cuyahoga: <br />Section 1. Pursuant to the"provisions of Section 1724.10, Ohio <br />Revised Code, this Council hereby finds and de.ermines that it is the tolicy <br />of this municipal corporation to promote the t.e.alth, safety, morals and <br />general welfare of its inhabitants through tl-.e.c.esignation of a community <br />improvement corporation as the agency and inGtriimentality of this munt_ipal <br />corporation for the industrial, commercial, di.,tribution and research <br />development within this municipal corporation and the Mayfield Community <br />Improvement Corporation, a community improvement corporation organized as a <br />corporation not for profit in the manner provided in Chapter 1724, Ohio <br />Revised Code, is hereby designated as this municipal corporation's agency and <br />instrumentality for the industrial, commercial, distribution and research <br />development in this municipal corporation.