(A) The Ohio Enterprise Zone Act (“the Act”), under R.C. §§ 5709.01 through 5709.66, has authorized counties, with the consent and agreement of affected municipalities and townships therein, to designate areas as enterprise zones and to execute agreements with certain enterprises for the purpose of establishing expanding, renovating or occupying facilities and hiring new employees and preserving jobs within the zones in exchange for specified local tax incentives granted by the county.
(B) The City Council, upon due consideration desire to implement the Act to designate an enterprise zone within the boundaries of Bowling Green (“the municipality”) to promote the economic welfare of the municipality.
(Ord. 5325, passed 8-19-1991)