01/07/1997 Meeting Minutes - Laserfiche WebLink

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MINUTES OF THE MEETING OF THE COUNCIL OF THE CITY OF NORTH OLMSTED JANUARY 7, 1997 Present: Council President Boehmer, Council Members Limpert, McKay, Nashar, O'Grady, Saringer Also Present: Mayor Boyle, Law Director Gareau, Finance Director Burns, Clerk of Council Seman Absent: Council Members Lind and Musial Council President Boehmer called the meeting to order at 8:02 p.m. in Council Chambers, 5200 Dover Center Road, North Olmsted, Ohio. Members of the audience were invited to join Council in reciting the Pledge of Allegiance to the Flag. Mr. McKay moved to approve the minutes of the Council meeting of December 17, 1996; second by Mr. O'Grady; motion passed unanimously. Mr. O'Grady moved to approve the minutes of the special Council meeting of December 23, 1996; second by Mr. McKay; motion passed unanimously. President Boehmer recognized and welcomed members of Boy Scout Troop 53: Mike Ball, Mike McCollum, Eric Berkey, Brandon Gardner, Bobby Gardner and David Schmidt. Mr. Boehmer announced that Resolutions 97-1, 97-3, 97-5 and Ordinances 97-2 and 97-6 would be passed under suspension of the rules. REPORTS Mayor Boyle: 1) This week's issue of Crain's Cleveland Business had two stories about Duke Realty Investments, an Indianapolis firm in the business of office development. This is the company that recently purchased Corporate I and II which, according to one of the articles, have an occupancy rate in excess of 90%. The other article indicated that Duke Realty is currently in negotiations with the Wolstein Group to purchase the 10 1/2 acres of property next to the Moen building. Duke Realty is considering a 250,000 square foot multi-tenant office building and is also negotiating with an anchor tenant. Duke Realty came to the Cleveland area about a year ago because they believe that the Cleveland suburban area is prime for office space. In addition to Corporate I and II, they have purchased another building in North Olmsted and are also active in Independence and Pepper Pike--basically the office areas outside of downtown Cleveland of which North Olmsted is a part. The company's biggest investment is in North Olmsted. The Mayor is ~"' happy about this deal and hopes that it goes through because he has previously said that ~.