[2024-50 JL Moore Job Creation Grant.pdf] CITY OF NORTH OLMSTED RESOLUTION NO. 2023 - 50 By: Mayor Jones A RESOLUTION APPROVING THE AWARD OF A JOB CREATION GRANT TO J.L. MOORE, 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, since 1973, J.L. Moore, Inc. has provided construction services from tenant build outs and ground up new construction, to overseeing renovations of open facilities; and WHEREAS, the Company desires to relocate their corporate HQ and administrative offices to North Olmsted by building 9,000 square feet of office space in North Olmsted located at 29992 Lorain Rd. (the “Site”) and make a capital investment of at least $1,340,000.00; and WHEREAS, the Company currently employs 13 full time persons that will relocate to North Olmsted, with an associated annual payroll of approximately $1,340,000.00. Over the next 5 years, they plan to add an additional 19 jobs with an associated aggregate annual payroll of approximately $1,850,000.00; 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 years 2025 through 2034, the grant percentage shall be 40% of all City income taxes for jobs located at the Site on all annual payroll. 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 2025 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: 40%. 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