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File #: 21-149    Version: 1 Name:
Type: Resolution Status: Passed
File created: 12/1/2021 In control: City Council
On agenda: 1/4/2022 Final action: 1/4/2022
Title: A RESOLUTION REPEALING RESOLUTION NO. 21-116 AND 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; AND DECLARING AN EMERGENCY. Brief Description: This Resolution, proposed by Councilman Foster, is intended to repeal Resolution No. 21-116 while simultaneously authorizing the sale of property in the downtown area to Fairmount Properties for development of Downtown Phase 2 pursuant to terms that are different than those terms authorized by Resolution No. 21-116.
Sponsors: Chris Foster
Indexes: City Council
Attachments: 1. Resolution No. 21-149 (as introduced 12-7-21), 2. Resolution No. 21-149 (as revised 12-14-21)
Related files: 21-0079, 21-0085, 21-116, 22-82

Title

A RESOLUTION REPEALING RESOLUTION NO. 21-116 AND 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; AND DECLARING AN EMERGENCY.

Brief Description:  This Resolution, proposed by Councilman Foster, is intended to repeal Resolution No. 21-116 while simultaneously authorizing the sale of property in the downtown area to Fairmount Properties for development of Downtown Phase 2 pursuant to terms that are different than those terms authorized by Resolution No. 21-116. 

Body

Legislative History

Resolution No. 21-116, 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; passed November 9, 2021.

Purpose & Explanation

This Resolution, proposed by Councilman Foster, is intended to repeal Resolution No. 21-116 while simultaneously authorizing the sale of property in the downtown area to Fairmount Properties for development of Downtown Phase 2 pursuant to terms that are different than those terms authorized by Resolution No. 21-116. 

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, emergency language is included, so that this Resolution will be effective immediately upon passage.

                       No

 

Recommendation

Suggested Action

Council consideration of and action on this Resolution to repeal and replace Resolution No. 21-116.

Submitted by,

Chris Foster, Council Member - Ward 2