05/17/2004 Meeting Minutes - Laserfiche WebLink

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Regular Council Minutes 5-17-04 Page 20 There were no comments. ROLL CALL: AYES: All NAYS: None Motion Carried Ordinance Enacted First Readiniz of Ordinance No. 2004-23 entitled; "An Emergency Ordinance Amending Various Sections of Chapter 175 Relating to Municipal Income Tax." Introduced by Mayor Rinker and Council as a Whole. Mrs. Mills said the Finance Committee would like this on first reading only. Ordinance 2004-23 was given first reading. First Reading of Ordinance No. 2004-24, entitled: "An emergency ordinance authorizing the purchase of 286 S.O.M. Center Road, Mayfield Village, OH." Introduced by Mayor Rinker and Council as a Whole. Mrs. Cinco, seconded by Mr. Saponaro, made a motion to suspend the rules of Council requiring an Ordinance to be read on three separate occasions. Mrs. Mills, seconded by Mr. Marrie, made a motion to enact Ordinance No. 2004- 24. Mr. Saponaro asked should there be any dollar amount associated with that? Mr. Chapman said the appraisal came in at $155,000. Recognizing the circumstances the seller is under, we offered $150,000. From the comparables done by the appraiser, we think we will get a very nice deal. They would like to move very quickly in this circumstance; the insurance on the property will be canceled on June lst. Because the property is no longer occupied, when the insurance company found that out, the gentleman who is the Power of Attorney and responsible for making those decisions would rather not go out and shop for a far more expensive non-owner occupied policy and recognizing his desire to expedite, we offered $150,000 with the caveat that we will bring a dumpster to the site. We are planning on disposing of the carpeting anyway. And they would like us to dispose of about a half a dumpster full of some personal effects on the site that they want to get rid of. We agreed to those 2 things as well as paying all closing costs that are legal for us to pay; and they agreed to the $150,000 price. We think we're getting quite a nice deal. Mr. Marquardt said at $150,000, I believe we have $200,000 in the budget for land acquisition. Mr. Brett said we would probably have to amend that portion of the budget. Council President Buckholtz asked, any other discussion? Mayor Rinker said I will say for the record (only because everyone is kind of quiet about this), you will recall a number of years ago we identified a series of properties all along the S.O.M. corridor and we have always been pretty quiet with residents who reside in properties, but the Lazzaro property is one that we had identified were it available it would be one that would be