9093-19 13900 Lake Ave. Econ Dev Rebate

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Referred to Housing 9/16/19 Anderson, Bullock, George, Litten, O'Leary, RESOLUTION NO. 9093 -19 BY: O'Malley, Rader A RESOLUTION to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of council, or otherwise to take effect at the earliest period allowed by law, authorizing the Mayor or his designee to enter into an agreement with WXZ Residential Group /Lakewood, LLC for an economic development grant, issued in the form a single rebate, for a total amount not to exceed one hundred thousand dollars ($100,000.00), in order to assist the grantee in preparing the site for residential development. WHEREAS, WXZ Residential Group /Lakewood, LLC has purchased the property located at 13900 Lake Avenue, PPN 312 -02 -011; and WHEREAS, this property is the site of the formerly operating Marathon gas station which has underground storage tanks and will require remediation; and WHEREAS, WXZ Residential Group/Lakewood, LLC has requested assistance in order to assist with underground storage tank removal and soil contamination remediation to return the site to a usable state for residential development; and WHEREAS, this assistance will be provided in the form of a single rebate issued after a "No Further Action" letter is obtained from the EPA for the site; and WHEREAS, this is an opportunity to help the property reach its highest and best use, to assist the owner in restoring this site to accommodate a residential use; and WHEREAS, as set forth in Section 2.12 of the Third Amended Charter of the City of Lakewood, this Council by a vote of at least two thirds of its members determines that this resolution is an emergency measure and that it shall take effect immediately, and that it is necessary for the immediate preservation of the public property, health, and safety and to provide for the usual daily operation of municipal departments in that the grant agreement should be executed immediately to allow improvements to the real property to begin; now, therefore BE IT RESOLVED BY THE CITY OF LAKEWOOD, OHIO: Section 1. The Mayor of Lakewood, or his designee, is hereby authorized to enter into an agreement with WXZ Residential Group /Lakewood, LLC for an economic development grant in an amount not to exceed One Hundred Thousand Dollars ($100,000.00) toward underground storage tank removal, soil contamination remediation, and preparation of the site for residential development at 13900 Lake Avenue, Lakewood, Ohio 44107; said agreement to contain such terms