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CITY OF NORTH OLMSTED ORDINANCE NO. 2021 - 67 BY: Mayor Kennedy AN ORDINANCE AUTHORIZING THE MAYOR TO NEGOTIATE AND ENTER INTO AN AGREEMENT WITH THE NORTH OLMSTED BOARD OF EDUCATION TO EXCHANGE SCHOOL DISTRICT - OWNED REAL PROPERTY (PPN 234-21-009) FOR CITY -OWNED REAL PROPERTY (PPN 234-16-004) VIA LAND EXCHANGE AS AUTHORIZED BY OHIO REVISED CODE §3313.40 FOR THE PURPOSE OF ACQUIRING LAND FOR NECESSARY PUBLIC INFRASTRUCTURE IMPROVEMENTS. WHEREAS, CT Consultants site selection analysis for the South Interceptor EQ Tank Project has identified property owned by the City of North Olmsted and the North Olmsted City School District along Stearns Road, west of Spruce School, as the preferred site for a project to alleviate sanitary sewer basement flooding in and around the southwest quadrant of the City; and WHEREAS, of all potential sites reviewed by CT Consultants, this location was best suited considering environmental, geological and hydrological factors and will most effectively reduce sanitary sewer overflows and basement flooding in adjacent neighborhoods; and WHEREAS, the current city -owned land (PPN 234-22-022 and 234-22-023) adjacent to the preferred site identified by CT Consultants is not large enough to accommodate a tank of the size required, approximately 1.5 million gallons; and WHEREAS, the City intends to acquire a portion of the Spruce School property, specifically PPN 234-21-009, the 7.12 -acre parcel west of the school and adjacent to the property currently owned by the City of North Olmsted, for the project; and WHEREAS, in exchange for the 7.12 -acre site owned by the North Olmsted School District, the City proposes to transfer to the North Olmsted School District a 6.17 -acre parcel of city -owned land (PPN 234-16-004) that is landlocked but adjacent to Chestnut School. WHEREAS, the proposed exchange will be mutually beneficial to the School District and the City. First, it will allow the School District to add an additional 6.17 acres to the Chestnut school campus; and second, it will allow the City to acquire and use the 7.12 -acre school property to develop the South Interceptor EQ Tank Project to reduce sewer system surcharges, to address basement flooding; and WHEREAS, there will be no exchange of money for this land exchange and each party