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CITY OF NORTH OLMSTED RESOLUTION NO. 2008 - 10 BY: Mayor O'Grady A RESOL UTION A UTHORIZING THE DIRECTOR OF PLANNING TO PROCEED WITH NEGOTIATIONS FOR THE SALE OF CITY-OWNED REAL PROPERTYIN THE NORTH OLMSTED INDUSTRIAL PARK, IDENTIFIED AS PERMANENT PARCEL NUMBERS 234-11-139 AND 234- 11-141, AND FURTHER AUTHORIZING THE MAYOR TO ENTER INTO A CONTRACT TO SELL THE REAL PROPERTY, AND DECLARING AN EMERGENCY. WHEREAS, the City owns approximately six and three-quarters (6.75) acres of undeveloped light industry zoned real property in the North Olmsted Industrial Park, known as Permanent Parcel Nos. 234-11-139 and 234-11-141, which was originally purchased by the City for the purpose of constructing a bus garage, and which is no longer needed for any municipal purpose; and WHEREAS, the City is expending resources to own and maintain the property, and the Mayor and Director of Planning accordingly recommend that it be sold; and WHEREAS, the Director of Planning and the City Economic Development Consultant have received inquires from interested potential buyers regarding the subject real property; and WHEREAS, the property does not abut any residential property in the City and is entirely surrounded by other light industry property and Interstate 480, and therefore is not subject to the residential notice provisions of Section 959.01 of the North Olmsted Codified Ordinances; and WHEREAS, it is accordingly the desire of this Council to authorize the Director of Planning to proceed with negotiations related to the sale of this real property, and to further authorize the Mayor to enter into a contract for the sale of the real property at a price that is no less than three-quarters of the appraised value of the property; NO W THEREFORE, BE IT RESOL VED B Y THE CO UNCIL OF THE CITY OF NORTH OLMSTED, CUYAHOGA COUNTY, AND STATE OF OHIO: SECTION 1: That this Council finds that the real property owned by the City, locate-' in the North Olmsted Industrial Park, identified as Permanent Parcel Numbers 234-11-139 and 234- 11-141, and consisting of approximately six and three-quarters (6.75) acres of undeveloped land zoned for light industrial use, is surplus real property for which the City has no municipal use.