Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A PURCHASE AND SALE AGREEMENT WITH THE HUDSON COMMUNITY LIVING COMPANY FOR THE SALE OF A PORTION OF THE CITY-OWNED REAL PROPERTY LOCATED ON SOUTH OVIATT STREET (PERMANENT TAX PARCEL NUMBER 3201843); AND DECLARING AN EMERGENCY.
Brief Description: In late 2021, City Council had provided direction to staff regarding the sale and lot split of an existing City owned parcel located on South Oviatt Street (Permanent tax parcel Number 3201843). Hudson Community Living Company (the purchaser) has presented the City with a purchase offer, meeting the City Council directed requirements. Staff requests permission to proceed with the sale and lot split of said parcel (see attached map).
Body
Legislative History
None
Purpose & Explanation
This Resolution authorizes the City Manager to enter into a purchase and sale agreement (PSA) for the sale and lot split of City Property located on South Oviatt St. Hudson, Ohio to Hudson Community Living Company in the amount detailed in the PSA . The purchaser has secured and closed on properties adjacent to this City parcel to accommodate a proposed private development project (See attached map).
Legal Authority for Proposed Legislation
Pursuant to Charter Section 6.04, Contracts & Purchasing:
Competitively bid and advertised for two consecutive weeks; bid tab attached: [Yes/No/NA])
Joint or Cooperative Purchase Program
Professional Services
X Other - PSA Agreement
Fiscal Impact
Currently Budgeted (Account #, $)
Supplemental Appropriation Required (Account #, $)
X Appropriation Not Required
Does this legislation require use of an emergency clause?
X Yes - Request for emergency legislation to expedite and meet transaction deadlines and closing.
No
Recommendation
Suggested Action
The City Manager is authorized to enter into a purchase and sale agreement for the sale of real property in fee simple to Hudson Community Living Company for the said property located on Oviatt Street in the City of Hudson, Permanent Parcel Number: 3201843 (subject to forthcoming lot split), in an amount detailed in the PSA. The City Manager is authorized to execute all other documents necessary to close the transaction set forth in Section 1 and to pay the standard costs at the closing of the transaction. This Resolution is determined to be an emergency measure necessary for the general welfare of the community and to expedite and meet transaction deadlines and closing schedules.
Submitted by,
Jane Howington, City Manager
Frank J. Comeriato, Jr., Asst. City Manager-Operations