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2021 24 RESOLUTION
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2021 24 RESOLUTION
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Last modified
3/3/2023 1:26:23 PM
Creation date
3/3/2023 11:21:26 AM
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Legislation-Meeting Minutes
Document Type
Resolution
Number
2021 24
Date
7/19/2021
Year
2021
Title
345 MINER AND MARS DEVELOPMENT AGREEMENT
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EXHIBIT A <br />DEVELOPMENT AGREEMENT <br />THIS DEVELOPMENT AGREEMENT (the "Agreement") is made and entered into this <br />day of 2021 (the "Effective Date"), by and between MAYFIELD VILLAGE, <br />OHIO, an Ohio municipal corporation having a mailing address of 6622 Wilson Mills Road, <br />Mayfield Village, Ohio 44143 (the "Village"), 345 MINER ROAD, LLC, an Ohio limited liability <br />company having a mailing address of 6317 Kenarden Drive, Highland Heights, Ohio ("345 <br />Miner") and MARS ELECTRIC COMPANY, an Ohio Corporation having a mailing address of <br />6655 Beta Dr., Mayfield Village, Ohio 44143 ("Mars"). <br />RECITALS: <br />WHEREAS, Mars leases the property located at 6655 Beta Dr., Mayfield Village, Ohio <br />44143 (the "Mars Property") for operation of its business from 6660 BETA, LLC; and <br />WHEREAS, 345 Miner is the owner of approximately 16 acres of land located on Highland <br />Rd. within the Village of Mayfield (the "345 Miner") that is in the process of being subdivided <br />and improved with a residential development; and <br />WHEREAS, the Mars Property and the 345 Miner Property are adjacent to each other and <br />share a common border; and <br />WHEREAS, Mars has requested and been granted a special permit in order to expand <br />certain outdoor storage located on the Mars Property subject to certain conditions; and <br />WHEREAS, one such condition is providing a landscaping buffer on the Mars Property to <br />adequality screen the outdoor storage area from the residential development on the 345 Miner <br />Property (the "Improvements"); and <br />WHEREAS, Mars and 345 Miner have agreed to share in the cost and construction of the <br />Improvements; and <br />WHEREAS, the Village has agreed to provide support for the construction of the <br />Improvements in order to protect the health, safety and welfare of Village residents and preserve <br />business operations in the Village; and <br />WHEREAS, the parties desire to enter into this Agreement in order to set forth the <br />respective rights, agreements and obligations of the parties as more fully provided herein. <br />WITNESSETH: <br />For and in consideration of the covenants herein contained, and upon the terms and <br />conditions herein set forth, the Parties hereby agree as follows: <br />
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