91-91 Purchase Agreement 14521 Madison

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ORDINANCE NO. 91-91 BY: REFERRED to Commercial Development Cmte and Planning Commission on 11/4/91. PLACED ON SECOND RBADING on 12/16/91. Boscia, Gallagher, George, Gibbons, Roth, Seelie, Smith AN EMERGENCY ORDINANCE, authorizing and directing the Mayor, on behalf of the city of Lakewood, to enter into a Purchase A~reement with Konstantinos Z. and Lemona K. Safos for the acquisition of property located at 14521 Madison Avenue, Lakewood, Ohio, which real estate is more particularly described in Exhibit A of the agreement. WHEREAS, Council has determined that it is in the best interest of the City to acquire said property to be used for the public purpose of providing parking space for the citizens of Lakewood; and WHEREAS, said property is an essential part of the City's program of acquiring property for municipal parking lots; and WHEREAS, the current owners of the property have agreed to the sale of the property to the City without the necessity of a taking by eminent domain for a purchase price of $75,000, subject to final approval by Council pursuant to a duly adopted ordinance and final acceptance of the agreement; and WHEREA'S, this ordinance constitutes an emergency measure as a delay in the construction schedule will result in a significant increase in the cost of this project and delay the use of a vital parking area by citizens of Lakewood; now, therefore BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That the Mayor on behalf of the City of Lakewood be and he is hereby authorized and directed to enter into a Purchase Agreement with Konstantinos Z. and Lemona K. Safos for the acquisition of the property located in the City of Lakewood, Ohio and described in Exhibit "A" attached hereto and incorporated by reference herein, said Purchase Agreement to be substantially in the form of Exhibit "A" with such additional provisions as are acceptable to the Director of Law to protect the public interest. Section 2. That pursuant to the conditions of the aforementioned Purchase Agreement, Council hereby formally approves the purchase of s~id property hereinabove described,.including the terms and conditions set forth therein and approves and ratifies the actions of the Mayor as of this date and authorize the Acting Finance Director or Finance Director to expend the necessary funds to complete the purchase. Section 3. 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 the City's Charter and Codified Ordinances. Section 4. That this ordinance is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, property, health, safety and welfare in the City for the reasons stated in the preamble hereof and provided it receives the affirmative vote of two-thirds of all members elected to Council, it shall take ~af~oe~,t. oa~hderbewi~en,f~c~hial~etdia~eteelfYf~cP~na~Sb~~l'tlehset period allowed by law. ~~ ~/ CLERK ~ Approved: ./~~7 /~ ~~ -~