Community Reinvestment Area Compensation Agreement Sample Contracts

COMMUNITY REINVESTMENT AREA COMPENSATION AGREEMENT
Community Reinvestment Area Compensation Agreement • December 8th, 2021

This Agreement between the City of Willoughby Hills, a municipal corporation with its offices at 35405 Chardon Road, Willoughby Hills, Ohio 44094 (the “Municipality”); the Board of Education of the Willoughby-Eastlake City School District (the “Board of Education”), a public school district with its principal offices at 35353 Curtis Blvd., Eastlake, OH 44095; Cleveland Veterinary Rehabilitation LLC., a Limited Liability Company with its principal offices at 29826 Chardon Road, Willoughby Hills, Ohio 44094; and CVR Holdings LLC, an Ohio Limited Liability Company, with its principal offices at 29826 Chardon Road, Willoughby Hills, Ohio 44094 (Cleveland Veterinary Rehabilitation LLC. and CVR Holdings LLC. are hereinafter referred to as “CVR”), specifies the manner and procedure to be used pursuant Ohio Revised Code (ORC) Section 5709.82 authorizing general compensation and income tax revenue sharing on new municipal income tax revenues relating to CVR's Community Reinvestment Area project

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COMMUNITY REINVESTMENT AREA COMPENSATION AGREEMENT
Community Reinvestment Area Compensation Agreement • December 18th, 2023

This Agreement between the City of Willoughby Hills, a municipal corporation with its offices at 35405 Chardon Road, Willoughby Hills, Ohio 44094 (the “Municipality”); the Board of Education of the Willoughby-Eastlake City School District (the “Board of Education”), a public school district with its principal offices at 35353 Curtis Blvd., Eastlake, OH 44095 and Bishop Queen, LLC, a Limited Liability Company with its principal offices at 28301 Chardon Rd., Willoughby Hills, Ohio 44094 (“Bishop Queen”), specifies the manner and procedure to be used pursuant Ohio Revised Code (ORC) Section 5709.82 authorizing general compensation and income tax revenue sharing on new municipal income tax revenues relating to Bishop Queen's Community Reinvestment Area project.

DRAFT SAMPLE - COMMUNITY REINVESTMENT AREA COMPENSATION AGREEMENT
Community Reinvestment Area Compensation Agreement • October 31st, 2020

This agreement between the (name of municipality) ,a municipal corporation with its offices at (address) , (name of board of education) Board of Education, a public school district with its principal offices at (address) and (name of business) , a (state) corporation with its principal offices at (address) specifies the manner and procedure to be used pursuant Ohio Revised Code (ORC) Section 5709.82 authorizing (requiring) general compensation and income tax revenue sharing on new municipal income tax revenues relating to the (name of business) 's Community Reinvestment Area project.

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