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§ 36.02 INVESTMENT POLICY ADOPTED.
   (A)   This section, in conjunction with the Ohio Revised Code, and any applicable ordinances, as amended, will govern the investment activities of the village. It will be review periodically to assure the flexibility necessary to effectively manage the portfolio.
   (B)   The purpose of the investment account is to allow for the maximum return on the village’s excess cash balances consistent with complete safety of the portfolio’s principal value and liquidity desired.
   (C)   (1)   All investment activities will be undertaken by the Finance Director, or those persons assigned thereby, to engage in investment activities, utilizing all elements of prudence, judgment, and care. A current list of individuals authorized to transact securities trades will be maintained with the investment policy.
      (2)   The Finance Director shall establish additional procedures consistent with this investment policy with respect to safekeeping, wire transfer agreements, banking service contracts, collateral/depository agreements, and internal controls.
   (D)   The village will be permitted to invest in any security specifically authorized by R.C. §§ 135.14, 135.142, and 135.45, as amended. A copy of the appropriate Ohio Revised Code sections will be kept with the Investment Policy.
   (E)   Investments in U.S. Treasury securities and those instruments completely guaranteed by U.S. Treasury as payment of the principal and interest may be made in any dollar amount. The village should normally seek to diversify its holdings of other investments by avoiding concentrations of specific issuers.
   (F)   Under the guidelines of this policy, no security will be purchased that has a remaining term to final maturity of more than two years.
(Ord. 97-167, passed 11-17-1997; Ord. 99-170, passed - -1999)
§ 36.03 ECONOMIC DEVELOPMENT PLAN ADOPTED.
   The Economic Development Plan for the village, as presented by the Village Manager, is hereby adopted by reference and shall be treated as if set forth in full herein.
(Res. 97-120, passed 3-17-1997)
§ 36.04 BUSINESS INCENTIVE POLICY ADOPTED.
   (A)   It is the policy of the village to encourage existing, new, and expanding businesses through negotiation of careful public investment in human or physical infrastructure.
   (B)   Investment priority will be given to those businesses which:
      (1)   Are compatible with village development goals and improve the economic diversity and quality of life of village citizens and visitors;
      (2)   Encourage capital investment and additional economic activity in the community; and
      (3)   Enhance the revenue base of the local school system.
   (C)   Investment offers will be negotiated by designated representatives of the village and the Wayne Local School System, and returned to the Village Council, and where appropriate, to the Wayne Local School Board for final approval.
   (D)   To be considered for incentives, each business must participate in a review and negotiation process. Eligibility for business incentives will be determined through a business evaluation process, including a cost-benefit analysis of the qualitative and quantitative potential that will accrue to the community based on the cost of providing incentives.
   (E)   A performance contract is required. The performance contract that spells out the level of performance the business must achieve in order to qualify and remain eligible for incentives. Failure to achieve performance targets may result in the rebate or forfeiture of incentives.
(Res. 97-137, passed 6-2-1997)
§ 36.05 SCHEDULE OF FEES AND BOND SCHEDULE ADOPTED BY REFERENCE.
   The village’s schedule of fees and the Magistrate’s Court Bond Schedule are hereby adopted by reference and shall be as set forth by the village. Fees shall be available for public inspection in the office of the Village Clerk and the Magistrate’s Court Bond Schedule shall be available for public inspection in the office of the Court Clerk.
(Ord. 96-114, passed 4-15-1996; Ord. 98-164, passed 12-7-1998; Ord. 2000-72, passed 12-18-2000; Ord. 2004-019, passed 8-2-2004; Ord. 2005-018, passed - -2005; Ord. 2005-061, passed 12-19-2005; Ord. 2008-001, passed 1-22-2008; Ord. 2013-020, passed 6-3-2013; Ord. 2017-024, passed 6-5-2017; Ord. 2017-036, passed 8-7-2017; Ord. 2017-066, passed 12-18-2017; Ord. 2018-012, passed 2-20-2018; Ord. 2018-034, passed 8-6-2018; Ord. 2018-035, passed 8-6-2018; Ord. 2018-036, passed 9-4-2018; Ord. 2018-040, passed 9-4-2018; Ord. 2018-043, passed 9-4-2018; Ord. 2018-047, passed 10-15-2018; Ord. 2018-052, passed 12-17-2018; Ord. 2018-062, passed 12-17-2018; Ord. 2018-064, passed 12-17-2018; Ord. 2019-008, passed 2-19-2019; Ord. 2019-015, passed 3-18-2019; Ord. 2019-033, passed 7-15-2019; Ord. 2019-063, passed 12-16-2019; Ord. 2020-024, passed 6-1-2020; Ord. 2020-028, passed 7-20-2020; Ord. 2021-047, passed 11-15-2021; Ord. 2022-011, passed 4-18-2022; Ord. 2022-021, passed 5-16-2022; Ord. 2023-042, passed 10-16-2023)
§ 36.06 POLICY FOR THE DEPOSIT OF PUBLIC FUNDS ADOPTED.
   The policy set forth in this section is hereby adopted in compliance with R.C. § 9.38 and Auditor of State Bulletin 99-020. All public monies received by the village shall be deposited no later than the next business day following the day of receipt, if the total amount of such monies received equals or exceeds $1,000. All public monies received by the village shall be deposited no later than three business days following the day of receipt, if the total amount of such monies received is less than $1,000.
(Ord. 2000-012, passed 2-22-2000)
§ 36.07 SERVICE FEE RATES.
   The established services fee rates shall be as follows:
   (A)   Police Department: $50 per hour for each police officer; and
   (B)   Public Works Department: $35 per hour for each employee.
(Ord. 2017-010, passed 2-21-2017)
§ 36.08 CONTRACTING FOR WORK.
   The village, by this vote of its Council, concurs in and adopts R.C. § 735.05 as set forth in the ordinance codified herein as exhibit “A”. For purposes of the village, its Village Manager is the authorized contracting employee as contemplated by R.C. § 735.05.
(Ord. 2007-027, passed 11-19-2007)
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