WHEREAS, the Board of County Commissioners of Montgomery County, Ohio established the Economic Development/Government Equity (ED/GE) program in 1991 to spur economic growth as well as create regional cooperation between its jurisdictions; and

WHEREAS, cooperation and coordination between the County and the Program Members is intended to promote economic health and improve the economic opportunities of the people in Montgomery County by assisting in the establishment or expansion within the County of industrial, commercial, or research facilities and by creating and preserving job employment opportunities for the people of Montgomery County; and

WHEREAS, Oakwood has participated in the ED/GE program since its inception in 1991, and is scheduled for another renewal for the period January 1, 2020 through December 31, 2029; and

WHEREAS, the Montgomery County program guarantees that no member jurisdiction will ever contribute more funding than it will receive; and

WHEREAS, the city of Oakwood has received positive return on investment from participation to date in the ED/GE program, and anticipates more worthwhile economic development projects forthcoming from continuing participation; and

WHEREAS, it is in the best interests of the City to enter into the ED/GE program participation agreement; and

WHEREAS, each participating jurisdiction in the ED/GE Program is required to execute a formal agreement with the Board of County Commissioners on behalf of Montgomery County, Ohio to participate in the ED/GE Program and receive the benefits therefrom; and

WHEREAS, the Council of the city of Oakwood wishes to continue its participation in the ED/GE Program;