(a) Each resolution adopted by the Job Creation Incentive Program Committee pursuant to Section 191.07(c) shall be presented to City Council at the first available regularly scheduled meeting of Council following the date on which the Resolution is adopted. Within thirty days following presentation of the Resolution to Council, Council shall approve the award by adoption of an ordinance of record. The ordinance shall state:
(1) The annual amount to be appropriated to the use of the Defiance County Community Improvement Corporation for the purpose of funding the award;
(2) The number of years the award will be funded;
(3) The number of eligible jobs required to be created as a precondition to payment of awarded funds; and
(4) The aggregate new annual payroll required to be generated by payment of wages, salary and performance-based compensation to individuals employed in eligible jobs required as a precondition to the payment of awarded funds.
(b) Failure to adopt the ordinance required by this section shall constitute denial of the application.
(c) No ordinance adopted in fulfillment of the requirements of this section shall be approved as an emergency measure.
(Ord. 7000. Passed 11-25-08.)