[2021-62 Job Creation Grant Performance Health.pdf] CITY OF NORTH OLMSTED RESOLUTION NO. 2021 - 62 By: Mayor Kennedy A RESOLUTION APPROVING THE AWARD OF A JOB CREATION GRANT TO PERFORMANCE HEALTH, INC. AND FURTHER AUTHORIZING THE MAYOR TO ENTER INTO A GRANT AGREEMENT, AND DECLARING AN EMERGENCY. WHEREAS, Performance Health, Inc. is a third-party administrator in the health care services industry, and has considered establishment and expansion of its facilities in North Olmsted; and WHEREAS, Performance Health, Inc. has tentative plans to purchase an office building to serve as its corporate headquarters, relocating 59 employees with a payroll of approximately $3,746,000.00; and WHEREAS, Performance Health anticipates adding an additional 50 employees, raising the payroll during the contract grant period to $6,156,000.00; and WHEREAS, the grant term is ten (10) years at fifty (50%) percent of the payroll tax. WHEREAS, it is accordingly the desire of this Council to approve the Performance Health Job Creation Grant application and to authorize the Mayor to enter into a Job Creation Grant Agreement with Performance Health. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUYAHOGA, AND STATE OF OHIO: SECTION 1: That a Job Creation Grant be awarded to Performance Health for a ten (10) year period beginning in the year 2023 which would pay Performance Health the following percentages of gross City of North Olmsted income taxes withheld by Performance Health for its employees located in the City: 50% of all City income taxes collected by the Company at the Site. SECTION 2: That the Mayor be and is hereby authorized to enter into a Job Creation Grant Agreement with Performance Health. The final agreement shall be in a form and substance that is not substantially adverse to the City and which is approved by the Director of Law. The character of any such contract as not being substantially adverse to the City shall be evidenced conclusively by the execution of the contract by the Mayor and the approval of the contract by the Director of Law. SECTION 3: That this Resolution is hereby declared to be an emergency measure immediately necessary for the preservation of the public health, safety, and welfare, and for the further reason it is necessary that this legislation go into effect immediately in order to effectively attract and grow this quality business in the City of North Olmsted, and further, 2 provided it receives the affirmative vote of two-thirds of all members of the Council, it shall take effect and be in force immediately upon its passage and approval by the Mayor. PASSED: ________________________ First Reading: _______________ Second Reading: _______________ Third Reading: _______________ Committee: __________________ ATTEST: _______________________________ __________________________ CHARLES MASSAROLO II NICOLE DAILEY JONES Clerk of Council President of Council APPROVED: _____________________ APPROVED AS TO LEGAL FORM: _______________________________ /s/ Michael R. Gareau, Jr. ______ MAYOR KEVIN M. KENNEDY MICHAEL R. GAREAU, JR. Director of Law
