Title
A RESOLUTION REPEALING RESOLUTION NO. 21-149 AND WITHDRAWING THE AUTHORIZATION GRANTED TO 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; AND DECLARING AN EMERGENCY.
Brief Description: City Council and the City administration have considered and discussed the sale of the Property, the terms thereof, and certain development proposals for the Property submitted by Fairmount and determined that it is not appropriate to move forward with the consummation of the sale of the Property to Fairmount and the development thereof as currently proposed by Fairmount.
Body
Legislative History
Resolution No. 21-149, passed 1/4/22
Purpose & Explanation
Pursuant to Resolution No. 21-149, adopted by this Council on January 4, 2022, the City Council repealed its Resolution No. 21-116 which repeal served to nullify certain provisions related to the authorization to sell City-owned real estate west of Morse Road and adjacent to the existing Downtown First & Main District (Permanent Tax Parcel Nos. 32-03716, 32-01855, 32-00823, 32-03132, 32-03926, and 32-04149) in the City of Hudson (the “Property”) and authorized the City Manager to enter into a purchase and sale agreement with Fairmount Properties, LLC (“Fairmount”) under different terms.
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 [provide explanation]
Fiscal Impact
Currently Budgeted (Account #, $)
Supplemental Appropriation Required (Account #, $)
x Appropriation Not Required
Does this legislation require use of an emergency clause?
x Yes - to move forward with the Downtown Phase 2 development at the earliest period of time.
No
Recommendation
Suggested Action
Staff recommends passage of the Resolution.
Submitted by,
Thomas Sheridan, Interim City Manager
Marshal Pitchford, City Solicitor
R. Todd Hunt, Special Counsel