Pursuant to the provisions of Ohio R.C. 1724.10, Council hereby finds and determines that it is the policy of this Municipality 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 this Municipality for the industrial, commercial, distribution and research development within this Municipality. For such purposes, the Vermilion Community Improvement Corporation, 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 this Municipality's agency and instrumentality for industrial, commercial, distribution and research development in the City.
(Ord. 82-4. Passed 1-18-82.)