49-82 Property purchase agreement w/ Board of Ed

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ORDINANCE NO. 49-82 BY: Brown, Chinnock, Gallagher, Graham, McBride, Salmon, Wendling AN EMREGENCY ORDINANCE authorizing the Mayor to enter into a Purchase Agreement ,with the Board of Education of the Lakewood City School District with an option for the repurchase of said property ten years and one day after said purchase. WHEREAS, The City of Lakewood has made application to HUD for monies for the construction of a neighborhood recreational facility,and WHEREAS, pursuant to the provisions of said application, the City must own the property wherein such a neighborhood facility is constructed, and WHEREAS, the Board of Education of the Lakewood City Schools has property which is situated and appropriate for the construction of a neighbor- hood facility, and WHEREAS, the City of Lakewood must own said property for a term of no less than ten years, it is therefore determined that it is in the best interest of the City and its citizens that a contract be entered into for the purchase in substantially the form attached as Exhibit "A" hereto. WHEREAS, this ordinance constitutes an emergency measure providing for the immediate preservation of the public health and welfare and for the usual daily operation of a municipal department; now, therefore, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE OF OHIO: · Section 1. That the Mayor be and he is hereby authorized and directed to enter into a Purchase Agreement with the Board of Education of the Lakewood City School District with an option for repurchase of said property ten years and one day after said purchase. Said Agreement to be in substantial- ly the form attached hereto an Exhibit "A" Section 2. It is found and determined that all formal actions of this Council concerning and relating to the passage of this Ordinance were adopted in an open meeting of this Council, and that all such deliberations of this Council and of any of its committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements including Section 121.22 of the Ohio Revised Code. Section 3. That this Ordinance is hereby declared to be an emergency measure for the reasons stat'ed in the preamble hereof and provided it receives the affirmative vote of two-thirds of all members elected to Council, it shall take effect and be in force immediately upon its adoption and approval by the Mayor; otherwise, it shall take effect and be in force after the earliest period allowed by law. Adopted: Appr°ved:~-~_Ol i ~ F,~