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CUYAHOGA COUNTY PUBLIC LIB12AI2Y RESOLU'TIO1V 'Ti'O APPROVE REAL ES'TATE PURCHASE AGREEMEN7C WITH 1VIAYFIELD VII,LAGE, OHYO WHEREAS, the Cuyahoga County Public Library (the "Library") Board of Trustees recognizes the need to continue to ensure excellence in the provision of library services to the residents of Cuyahoga County; and WI3EREAS, the Library has identified certain real property containing approximately 5.00 acres located on SOM Center Road, nortli of Highland Road (the "Site") in Mayfield Village, Ohio (the "City"), which real property is cuirently owned Uy the City, as real property which would be advantageous for construction of a new library facility to serve the residents of Cuyahoga County; and WgIEREAS, the City has proposed incoiporating the Site and surrounding land into a multi-use development, including recreational and other uses, to beneft the City's residents; and WHHEREAS, the Library and the City desire to ezlter into tlle attached Real Estate Purchase Agreement (the "Agreeinent"), which provides the terms and conditions under wluch the City will (a) construct an access road from SOM Center Road to the Site (the "Access Road"), (b) ensure that utilities are available to the 5ite, (c) ensure that the ZOI11I1g of the Site is compatible with the COIISCTUCtlOI1 and operation of the Facility, and (d) install a traffic signal at the intersection of the Access Road and SOM Center Road, all at the City's sole cost and expense; and WHEREAS, after a due diligence period, the Library shail purchase the Site from the City for the consideration of $1.00 and the donation of two (2) residential properties located at 6120 and 6128 Wilson Mills Road, Mayfield Village, Ohio, and construct a new facility thereon (the "Facility") at the Library's sole cost and within the tiine period prescribed by the Agreement, subject to the terms and conditions of the Agreement. 479211 v_01 \ 122504.0011