Title
Discussion Regarding Participation in the Summit County Job Creation and Retention and Tax Sharing Program.
Executive Summary: In June 2011 and again in May 2012, Hudson City Council authorized the City Manager to execute the Summit County Intergovernmental Memorandum of Understanding for Job Creation and Retention and Tax Revenue Sharing.
Body
Legislative History
Resolution 11-60 approved by Hudson City Council on June 1, 2011 and Resolution 12-75 approved by Hudson City Council on May 16, 2012.
Purpose & Explanation
This discussion is requested to solicit input from Hudson City Council regarding continued participation in the Summit County Job Creation and Retention and Tax Sharing program. It would also give Council the opportunity to discuss changes that they would like Summit County to consider making to the agreement. Later this year Hudson will be asked for possible changes as well as for legislative approval for continued participation in the program.
Timing Considerations
Discussion should be held before we are asked for comment or approval of support.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends continued participation in the Summit County Job Creation and Retention and Tax sharing program with due consideration to proposed changes.
Submitted by,
Scott N. Schroyer, Interim City Manager
Charles E. Wiedie, Economic Development Director