38-01 Environmental Remediation Detroit & Hird

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PLACED ON 1ST READING & REFERRED TO ORDINANC~ NO: 38-01 BY: Corrigan, FitzGerald, George, Roth, Seeli Skindell, Smith~ AN EMERGENCY ORDINANCE authorizing the Mayor or her designee to enter into a Cuyahoga County Brownfield Loan agreen~nt with Cuyahoga County to accept and expend loan funds up to Five Hundred Fifty Thousand Dollars ($550,000.00) for the purposes of purchasing and funding environmental remediatien of the property located at 11726-28 Detroit Avenue and 1385-87 Hird Avenue (PPg 312-33-017), Lakewood~ Ohio, and specifically approving the attached "Public Entity Loan Agreement" attached hereto as Exhibit A. WHEREAS, the property located at 11726-28 Detroit Avenue and 1385-87 Hird Avenue (PPg 312-33-017), Lakewood, Ohio has been on the market for nearly five (5) years; and WHEREAS, the City of Lakewood has completed a Phase I and Phase II Environmental Assessment of the property utilizing Community Block Grant dollars and a Cuyahoga County Brownfield Technical Assistance Grant; and ~~, It Is In the public Interest to see that this property be returned to an economically viable and tax generating use; and WHEREAS, Resolution No. 7574-01 was adopted by I.akewood City Council on July 16, 2001 authorizing application for financial assistance through the Cuyahoga County Brownfield Redevelopment Loan Fund for the purpose of purchasing and remediating the aforementioned property; and WHEREAS, this Council by a vote of at least five (5) members elected thereto determines that this ordinance is an emergency measure, and that this ordinance shall take effect at the earliest date possible as set forth in ARTICLE I~ SECTIONS 10 and 13 of the SF_.JEOND AMENDED CHARTER OF THE CITY OF LAKEWOOD, and that immediate action is necessary in order to facilitate this project prior to the expiration of the Purchase Option Agreement. NOW, WHEREFORE, BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. The Council of the City of Lakewood hereby authorizes the Mayor or her designee to enter into a Cuyahoga County Brownfield Redevelopment Fund Loan agreement with Cuyahoga County to accept and expend loan funds up to Five Hundred Fifty Thousand Dollars ($550,000.00)for the purposes of purchasing and funding environmental remediation of the property located at 11726-28 Detroit Avenue and 1385-87 I-Iird Avenue (PPg 312-33-017), l.akewood, Ohio, and specifically approves the attached "Public Entity Loan Agreement" attached hereto as Exhibit A: Section 2. The Council of the City of Lakewood hereby determines that entering into an agreement with Cuyahoga County for a Cuyahoga County Brownfield Redevelopment Fund Loan to purchase and remediate said property is in the best interest of the public health, safety, and welfare of the City of Lakewood and will further the goal of returning the property to an economically viable and tax generating use, Section 3. h is found and determined that all formal actions of this Council concerning and relating to the passage of i]~s ~rc~nancc were ~opted In an open meeting of this Council, and that all such deliberations of this Council and any of its committees that resulted in such formal actions, were in meetings open to the public in compliance with all legal requirements. Section 4. This Ordinance is hereby declarexl to be an emergency measure for the reasons set forth and defined in the preamble of this Ordinance, and provided it receives the affirmative vote of at least five (5) of its members elected to Council, this Ordinance shali take effect and be in force immediately upon its adoption by the Council and approval by the Mayor; otherwise it shall take. effect and be in force after the earliest period allowed by law. President