2026-014 Ordinance - Laserfiche WebLink

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CITY OF NORTH OLMSTED ORDINANCE NO.2026 -14 BY: Mayor Jones AN ORDINANCE AUTHORIZING THE MAYOR TO ENTER INTO A DEVELOPMENT AGREEMENT WITH R6 MOTORS, INC. FOR THE PURPOSE OF ENCOURAGING ECONOMIC DEVELOPMENT CONSISTENT WITH THE MALL AREA MIXED USE (MAMU) OVERLAY DISTRICT. WHEREAS, R6 Motors, Inc. ("Developer") is the owner of certain real property located in the City of North Olmsted, Ohio, formerly known as the Sears Store and which comprises a portion of Great Northern Mall, and is more particularly described and depicted on Exhibit A of the Development Agreement (the "Development Site"); and WHEREAS, the Developer has an interest in the pursuit of the redevelopment of the Development Site as potential site of a Grocery Super Center and with associated gas station/convenience store (the "Project") with additional commercial development on the balance of the Development Site (collectively, the "Development"); and WHEREAS, the City has determined that the development of all or a portion of the Development Site and surrounding area by and through the Project and Development is in the best interest of the City and the health, safety and welfare of its residents, and is necessary for the purpose of the creation of jobs and employment opportunities in the City and to improve the economic welfare of City residents; and WHEREAS, after analysis, deliberation and review, the City formulated a strategy for inducement of the Development to attract the Project to the Development Site that best embodies the vision for the future of the City and its residents and has reflected such strategy in the Mall Area Mixed Use ("MAMU") Overlay District, as adopted on June 10, 2025 as Chapter 1150 of the Zoning Code (MAMU) Ordinance"; and WHEREAS, the City Council adopted the MAMU Ordinance to which the Development Site is subject, which establishes the MAMU Overlay District and provides for development regulations for building expansion and new construction that advances community goals in areas where existing zoning does not adequately result in desired development; and WHEREAS, the Developer has requested, and the City Council has, by adoption of this Development Agreement, agreed to provide the City's support and aid in connection with the redevelopment of the Development Site, including, but not limited to, the implementation of tax increment financing and demolition grant award to support the Development; and WHEREAS, Development of all or a portion of the Development Site will confer benefits, including the creation of jobs and employment opportunities in the City, while encouraging significant redevelopment in the surrounding area; and