[2023-57 R.E. Warner Job Creation Grant.pdf] CITY OF NORTH OLMSTED RESOLUTION NO. 2023 - 57 By: Mayor Jones A RESOLUTION APPROVING THE AWARD OF A JOB CREATION GRANT TO R.E. WARNER & ASSOCIATES, INC. AND FURTHER AUTHORIZING THE MAYOR TO ENTER INTO A GRANT AGREEMENT; AND DECLARING AN EMERGENCY. WHEREAS, this Council created, through the adoption of Ordinance No. 2007-102, an Economic Development Committee, for the purpose of reviewing applications for City Job Creation grants and recommending eligibility as well as appropriate grant terms; and WHEREAS, headquartered in Westlake, Ohio, R.E. Warner & Associates, Inc. (the “Company”) provides professional services consisting of engineering and architectural consulting; and WHEREAS, the Company desires to relocate their corporate HQ and administrative offices to North Olmsted by leasing 45,000 square feet of office space in an existing building in North Olmsted located at 24950-25050 County Club Boulevard (the “Site”) and make a capital investment of at least $4,000,000 in that office space; and WHEREAS, the Company currently employs 112 persons in Westlake that will relocate to North Olmsted, with an associated annual payroll of approximately $9,464,672. Over the next 3 years, they plan to add an additional 70 jobs with an associated annual payroll of approximately $15,380,264; and WHEREAS, the Company has requested local and state incentives as inducement to relocate to North Olmsted; and WHEREAS, the Economic Development Committee has recommended that Company receive a Job Creation Grant for a period of 10 years. For the calendar year 2024, the grant percentage shall be 85% of all City income taxes for jobs located at the Site on all annual payroll. The percentage shall decline each subsequent year of the Job Creation Grant as follows: 2025 – 80%, 2026 - 75%, 2027 – 70%, 2028 – 40%, 2029 – 35%, 2030 and 2031 – 15%, and 2032 and 2033 – 10%; and WHEREAS, it is accordingly the desire of this Council to approve the Company’s Job Creation Grant application and to authorize the Mayor to enter into a Job Creation Grant Agreement with Company. 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 the Company for a ten (10) year period beginning in the year 2024 which for each of the following calendar years would pay the Company an amount equal to the corresponding percentages multiplied by the City of North Olmsted income taxes for the Company’s employees whose primary job location is the Site for that year: 2024 – 85%, 2025 – 80%, 2026 - 75%, 2027 – 70%, 2028 – 40%, 2029 – 35%, 2030 and 2031 – 15%, and 2032 and 2033 – 10%. SECTION 2: That the Mayor be and is hereby authorized to enter into a Job Creation Grant Agreement with Company consistent with the grant awarded in Section 1 of this legislation and with the provisions of Chapter 174 (“Job Creation Grant Program”) of the North Olmsted Administrative Code. Said 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 recruit and grow this quality business in the City of North Olmsted, and further, 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: _____________________________ __________________________ BEATRICE TAYLOR LOUIS J. BROSSARD Clerk of Council President of Council APPROVED: _____________________ APPROVED AS TO LEGAL FORM: _______________________________ /s/ Michael R. Gareau, Jr._________ MAYOR NICOLE DAILEY JONES MICHAEL R. GAREAU, JR. Director of Law
