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CITY OF NORTH OLMSTED ORDINANCE NO. 2025 - 9 BY: Mayor Jones AN ORDINANCE AUTHORIZING THE MAYOR TO ENTER INTO AN AGREEMENT WITH RINI BROS., LLC TO PURCHASE 1.2313 ACRES OF A PARCEL OF REAL PROPERTY COMMONLY KNOWN AS PERMANENT PARCEL NUMBER 233-26-067. WHEREAS, the City of North Olmsted is authorized to enter into an agreement to sell the property formerly known as Forest Elementary School to a developer selected in the Request for Proposal ("RFP' process for the Forest Elementary School Redevelopment Project ("Projeef'); and WHEREAS, as set forth in the RFP document, the Project requires access to Steams Road from the former Forest Elementary School Property; and WHEREAS, a portion of Permanent Parcel Number 233-26-067 lies between the former Forest Elementary School property and access to Steams Road; and WHEREAS, the City acquired an appraisal for the portion of Permanent Parcel Number 233-26-067 necessary for access to Steams Road from the Forest Elementary School Property and owned by RINI Bros., LLC; and WHEREAS, RIM Bros., LLC offers to sell and the City of North Olmsted proposes to purchase approximately 1.2313 acres of PPN 233-26-067, in consideration of payment in the amount of Fifteen Thousand Dollars ($15,000.00); WHEREAS, it is the desire of Council to authorize the Mayor to enter into an Agreement with RIM Bros. LLC to purchase approximately 1.2313 acres of PPN 233-26-067, for Fifteen Thousand Dollars ($15,000.00). NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUYAHOGA, AND STATE OF OHIO: SECTION 1: That the Mayor and Director of Law be and are hereby authorized to negotiate and enter into an agreement with RINI Bros. LLC for the purchase of approximately 1.2313 acres of PPN 233-26-067, in consideration of payment in the amount of Fifteen Thousand Dollars ($15,000.00), based on and consistent with the Agreement and supporting documents attached hereto as Exhibit A. The Agreement with RINI Bros., LLC shall be in the form and substance as set forth on Exhibit A, with such changes in form and substance that are not substantially adverse to the City and which are approved by the Director of Law. The character of the agreement as not being substantially adverse to the City shall be evidenced conclusively by the execution of the agreement by the Mayor and the approval of the contract by the Director of Law.