26-2022 - Transfer title of access drive to W. 117 Development

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Placed on 1st reading & referred to HPD 9/6/22; 2nd reading 9/19/22 ORDINANCE N0.26-2022 BY. Baker, Bullock, Kepple, Litten, Marx, Rader, Shachner AN ORDINANCE to take effect immediately prove e it receives e vo e o a eas o thirds of the members of Council, or otherwise to take effect at the earliest period allowed by law, authorizing the City of Lakewood, Ohio to transfer title of an access drive (The Property), as more fully described in the quit claim deed attached as Exhibit "A", to West 117 Development Phantasy LLC. WHEREAS, the City of Lakewood, Ohio (the "City") is desirous of encouraging economic development within the city to create jobs for its residents and to increase the City's tax base; and WHEREAS, in furtherance of those efforts, the City has been working with West 117 Development on the renovation and repurposing of properties near the east end of Lakewood on Detroit Avenue; and WHEREAS, the city owns and maintains an access drive abutting West 117 Development's project site on Detroit Avenue, and WHEREAS, it is in the best interest of the City to transfer an access drive directly abutting the development site to West 117 Development for use as part of the project allowing the development to have free access to the drive and transfer the maintenance of the drive to West 117 Development; and WHEREAS, as authorized by Ordinance 22-2021, the City and West 117 Development et.al. entered into a Development Agreement on July 21, 2021, which among other items provided for the transfer of The Property; 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 ordinance 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 this agreement should be executed as soon as possible to continue to support this project; now, therefore BE IT ORDAINED BY THE CITY OF LAKEWOOD: Section 1. The Mayor or any other officer of the City is hereby authorized to transfer title to the Property to West 117 Development Phantasy LLC via quit claim deed for $1.00 (One Dollars), and to take any and all other actions required to effectuate the transfer of the property, including, but not limited to, recording the deeds with the Cuyahoga County Treasurer. Section 2. That the property is not needed for a municipal purpose. 27934372v4