ContractDevelopment and Tax Increment Financing Agreement • May 5th, 2020
Contract Type FiledMay 5th, 2020Loading... The URL can be used to link to this page Your browser does not support the video tag. Crystal Clinic Orthopaedic Center Project-Develop & Tax Increment Financing Execution Version DEVELOPMENT AND TAX INCREMENT FINANCING AGREEMENT (Crystal Clinic Orthopaedic Center Project) This Development and Tax Increment Financing Agreement (this "Agreement"), is made and entered into as of August 22, 2018, by and between the CITY OF FAIRLAWN, OHIO (the "City"), a municipal corporation organized and existing under the constitution and the laws of the State of Ohio, and CC EMBASSY, LLC, an Ohio limited liability company (together with any affiliates, successors and assigns,the"Developer"). WITNESSETH: WHEREAS, in order to create and retain jobs, enlarge the property tax base and enhance income tax revenues within the City, the Developer and the City desire to encourage the development of an approximately 145,000 square foot in-patient hospital ("Hospital") on that certain parcel of real pr