City of Hudson, Ohio - File #: 21-116

• File #: 21-116
• Version: 2
• Type: Resolution
• Status: Passed
• File created: 9/24/2021
• In control: City Council
• On agenda: 11/9/2021
• Final action: 11/9/2021
• Title: A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A PURCHASE AND SALE AGREEMENT WITH FAIRMOUNT PROPERTIES, LLC FOR THE SALE OF THE REAL PROPERTY LOCATED IN THE DOWNTOWN AREA ADJACENT TO THE FIRST & MAIN DEVELOPMENT IN THE CITY OF HUDSON, OHIO. Brief Description: This Resolution will authorize the sale of properties currently owned by the City in the Downtown Phase 2 area to Fairmount Properties.
• Sponsors: Craig Shubert
• Indexes: Administration
• Related files: 21-0079, 21-0085, 22-82, 21-149

Date	Ver.	Action By	Action	Result
11/9/2021	2	City Council	third reading
11/9/2021	2	City Council	amended	Pass
11/9/2021	2	City Council	amended	Pass
11/9/2021	2	City Council	adopted as amended	Pass
11/9/2021	2	City Council
11/9/2021	2	City Council
10/26/2021	1	City Council Workshop	item forwarded
10/19/2021	1	City Council	second reading
10/12/2021	1	City Council Workshop	item forwarded
10/5/2021	1	City Council	first reading
9/28/2021	1	City Council Workshop	item forwarded

Title

A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A PURCHASE AND SALE AGREEMENT WITH FAIRMOUNT PROPERTIES, LLC FOR THE SALE OF THE REAL PROPERTY LOCATED IN THE DOWNTOWN AREA ADJACENT TO THE FIRST & MAIN DEVELOPMENT IN THE CITY OF HUDSON, OHIO.

Brief Description:  This Resolution will authorize the sale of properties currently owned by the City in the Downtown Phase 2 area to Fairmount Properties.

Body

Legislative History

None.

Purpose & Explanation

Fairmont Properties, the owner and developer of First & Main in downtown Hudson, has proposed the purchase of adjacent downtown properties currently owned by the City of Hudson for the future development of Downtown Phase 2.  See attached Concept Plan.

This Resolution will authorize the sale of properties currently owned by the City in the Downtown Phase 2 area to Fairmount Properties.

Update for Council Meeting of November 9, 2021:

During the most recent work session, Council requested that staff make revisions to this legislation to show more clearly what the review and approval process requires and that the proposed development will be reviewed by City Council and Planning Commission as a condition precedent to closing on the sale to Fairmount Properties, LLC and that such is reflected in Resolution No. 21-116 (as revised 11-9-2021), which is attached.

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, not applicable.

Fiscal Impact

                       Currently Budgeted (Account #, $)

                       Supplemental Appropriation Required (Account #, $)

  X                       Appropriation Not Required

Does this legislation require use of an emergency clause?

  X                       Yes, the Fairmount Properties offer is valid through November 30, 2021.  Given three readings, this Resolution requires emergency language.

  X                         No, pursuant to Charter Section 3.09, Resolution No. 21-116 was passed by a 4-3 vote as a regular measure on November 9, 2021.

Recommendation

Suggested Action

Staff recommends passage of this Resolution for the sale of property in the Downtown Phase 2 area to Fairmount Properties.

Submitted by,

Jane Howington, City Manager