11-79 Town Cntr Phase I - purchase property, etc

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ORDINANCE NO. 11-79 BY: Chinnock, Magnotto, McBride, Wendling, Brockman, Brown AN EMERGENCY ORDINANCE acknowledging receipt of the Lakewood Town Center Phase I Redevelopment Area Report; and authorizing an option to purchase real property located within the boundaries of Phase I the study area of-such Report, determining that such real property will not be needed for public use; determining that such real estate should be sold and that such sale is in the best interest of the City and will further the interests of the City and its residents; and determining that the proposed purchase price is satisfactory. WHEREAS, the City has received a report from its project consultants, Henshaw, Hartt & VanPetten, Inc. and the CuyahOga County Regional Planning Commission entitled "Lakewood Town Center" which this Council will review and take such action upon as it deems appro- priate; and WHEREAS, the City is. the owner of real property being Permanent Parcel Nos. 314-4-13, 314-4-14 and a portion of 314-4-21 bounded on the' north by 314-4-13, on the south by 314-4-14 on the west by Victoria Avenue and on the east by the extension of the easterly line of 313-4-13 and 313-4-14, located-within the boundaries of Phase I the study area of said Report, which real property should be offered for sale for development purposes by means of 9rantin9 an option to purchase in the best interests of the City and its residents; and WttEREAS, said real property is being used for public parking but is to be replaced by equivalent public parking in other City owned real property resulting in said property not being needed for public use by the City; and WHEREAS, to insure that any actions determined appropriate by this Council in regard to the Lakewood Town Center Phase I Redevelopment Area Report are not jeopardized by the sale of this property pursuant to the option to purchase, the terms of such sale should not be inconsistent with the provisions of said Report regarding Phase I; and WHEREAS, the Mayor has requested granting of an option to purchase for said property to the Community Development Corporation of Lakewood, a non-profit corporation organized pursuant to Chapter 1702 of the Ohio Revised Code (hereinafter sometimes referred to as the 'Developer") subject to the approval o~ the Department of Housing and Urban Development;and WHEREAS, this ordinance constitutes an emergency measure providing for the immediate preservation of the public peace, property, health and safety and for the further reason that the immediate authoriza- tion of the actions herein to expedite the development and revitalization of the City is necessary in order to create and preserve jobs and employment opportunities and to prevent the spread of blighted, de- terior.ated or deteriorating conditions; now, therefore, OHIO: BE IT ORDAINED BY TIlE COUNCIL OF TIlE CITY OF LAKEWOOD, STATE OF Section 1. That this Council hereby finds and determines that the real property described as bein9 Permanent Parcel Nos. 314-4-13 and 314-4-14 on the tax maps of the Auditor of Cuyahoga County, Ohio, and a portion of 314-4-21 bounded on the north by 314-4-13, o~ the south by