This chapter is passed to provide for the immediate preservation of the public peace, property, health or safety in the emergency set forth and defined in the preamble of Ordinance 721, passed June 5, 1967, as follows:
WHEREAS, Section 13 of Article VIII of the Ohio Constitution provides that, to create jobs and employment opportunities and to improve the economic welfare of the people of the State, it is in the public interest and a proper public purpose for a municipal corporation, its agencies or instrumentalities or corporations not for profit, designated by such municipal corporation as its agency or instrumentality, to perform the acts and exercise the powers therein provided; and
WHEREAS, Ohio R. C. 1724.10 provides that a community improvement corporation, which, under the laws of Ohio is a corporation not for profit, may be designated by a municipal corporation as its agency for the industrial, commercial, distribution and research development in such municipal corporation and that such municipal corporation may enter into an agreement with such so designated community improvement corporation, which agreement may include one or more of the provisions of such Ohio R. C. Section; and
WHEREAS, an emergency exists and it is necessary for the immediate preservation of the public peace, property, health and safety that this chapter take effect at the earliest possible time in order to prevent homes and residential areas from deteriorating and becoming blighted with resultant increase in hazards to health and to reduce the amount of taxes required for welfare programs by maintaining and creating jobs, maintaining and improving the standard of living and maintaining and increasing property values by immediately stimulating and increasing industrial, commercial distribution and research development in the Village, and, to that end, for the Village immediately to designate a community improvement corporation as its agency and instrumentality for such industrial, commercial, distribution and research development and to enter into an agreement with such community improvement corporation with respect to a plan for such development and its implementation, supplementation and amendment.
(Ord. 721. Passed 6-5-67.)