(a) The County is requesting designation of an Enterprise Zone which includes all or part of the municipal corporation(s) and/or township(s) and meets the population and boundary requirements to be certified as an Enterprise Zone under Ohio R.C. 5709.632.
(b) Council hereby delegates to the legislative authority of such municipality or board of township trustees all powers and duties given to counties by Ohio R.C. 5709.632 to negotiate Enterprise Zone agreements with regard to enterprises located or locating in its boundaries with the zone. All agreements shall be first approved by the legislative authority of the affected municipality or township and then approved by Council.
(c) Council and the Executive, by this section, do hereby agree to form a Tax Incentive Review Council or Councils having the characteristics set forth in Ohio R.C. 5709.85 and this Tax Incentive Review Council shall be formed within two months of the State Development Director’s certification of the zone.
(d) Based upon the factual data, reports and conditions, Council hereby finds and determines the City of Stow meets the requirements of this section for designation and Council hereby designates the area shown on Exhibit A, attached to original Resolution 95-80, encompassing the entire area within the municipal corporation of the City of Stow as an Enterprise Zone of the County pursuant to and in accordance with the requirements of the Act; and,
(e) Based upon the factual data, reports and conditions of the area designated as an Enterprise Zone, Council hereby finds and determines that the zone has a population of at least 4,000 persons, according to the best and most recent data available to the Director of the Department of Development, and the zone meets the characteristics outlined in Ohio R.C. 5709.632. The development of the area proposed as the Enterprise Zone would create and preserve employment opportunities in the zone and would improve the economic climate of the municipalities and townships.
(f) The County Executive is hereby authorized to execute any and all documents necessary to implement this section.
(Res. 95-80. Adopted 2-6-95.)