Pursuant to the provisions of Ohio R.C. 1724.10, Council hereby finds and determines that it is the policy of the Village to promote the health, safety, morals and general welfare of its inhabitants through the designation of a community improvement corporation as the agency and instrumentality of the Village for the industrial, commercial, distribution and research development in the Village. The Community Improvement Corporation of Ashland, Ohio, a community improvement corporation organized as a corporation not for profit in the manner provided in Ohio R. C. Chapter 1724, is hereby designated as the agency and instrumentality for the industrial, commercial, distribution and research development in the Village.
(Ord. 48-80. Passed 10-20-80.)