(a) Council hereby adopts the terms and provisions, as well as the policies reflected in its enterprise zone agreements heretofore adopted by the City of Streetsboro and as set forth in Resolution 1998-01 and Council incorporates the agreement attached to Resolution 1998-01 as its approved prototype.
(b) Any departure from these policies shall require individual legislative authorization or relief.
(c) All enterprise zone agreements shall be authorized by Council and signed by the Mayor.
(d) Extensions, modifications, assumptions or assignments of enterprise zone agreements must be legislatively approved by Council and signed by the Mayor.
(e) Claw back agreements, or other similar settlement agreements arising from nonperformance, must be approved by Council and executed by the Mayor.
(Ord. 2000-142. Passed 9-25-00.)