VERHOFF MACHINE & WELDING, INC.

ENTERPRISE ZONE AGREEMENT

APPROVED BY COMMISSIONERS

R E S 0 L U T I 0 N

The Board of County Commissioners of Putnam County, Ohio, met in regular session on the 25th day of September, 2009, at the office of said Board with the following members present: Mr. John Love, Mr. Travis Jerwers and Mr. Vincent Schroeder.

Mr. Love moved the adoption of the following Resolution:

WHEREAS, The Board of Commissioners of Putnam County has established and approved an Ohio Enterprise Zone with an Ohio Department of Development designation of 191 and said zone includes real property owned by Verhoff Machine & Welding, Inc., 7300 Road 18, Continental, OH 45831.

now therefore, be it

RESOLVED, The Board of County Commissioners of Putnam County does hereby approve of the Ohio Enterprise Zone Agreement between the Board of County Commissioners and Verhoff Machine & Welding, Inc. granting 100% exemption on Real Property for a period of 15 years for which said Real Property would have become taxable had those values been placed on the tax duplicate by the Putnam County Auditor.

ALSO BE IT RESOLVED, The Board of County Commissioners approve this Enterprise Zone Agreement on the condition that an annual 25% “payment in lieu of taxes” be distributed to the involved entities, with Miller City-New Cleveland School District’s portion being split with 75% being paid to the Greensburg Township Trustees and 25% to the Putnam County Commissioners. The Putnam County Commissions further agree if the law changes and the schools foundation money would not be affected concerning the 25% “payment in lieu of taxes” the original schools portion would revert back to Miller City- New Cleveland School District.

Mr. Schroeder seconded the motion and the roll being called upon its adoption the vote resulted as follows: Mr. Love yes Mr. Jerwers abstains Mr. Schroeder yes