Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT WITH THE OWNER OF A PROPERTY LOCATED AT PARCEL 32-00750, FOR THE EXCHANGE OF PROPERTY LOCATED AT PARCELS 32-01841 AND 32-01844.
Brief Description: The City of Hudson is interested in exchanging approximately 6,163 SF of parcel located along the south edge of 61 Milford Drive, identified by the Summit County Auditor as Parcels 3201841 and 3201844 for approximately 1,169 SF from the Owner of a parcel located at 61 Milford Drive, identified by the Summit County Auditor as Parcel 3200750. The land is currently owned by Drensky Realty Investments LLC.
Body
Legislative History
None.
Purpose & Explanation
Proposed Real Estate Exchange - Veterans Way / 61 Milford Drive
Background
During the construction of Veterans Way in 2002-2003, a small portion of roadway improvements encroached onto property located at 61 Milford Drive. At that time, the City and the property owner discussed a potential land exchange to reconcile the encroachment, and a revocable use permit was issued to allow construction to proceed. While the roadway project was completed, the land exchange was never finalized. Reference attached exhibit.
In recent years, the property owner reinitiated discussions with the City regarding completion of the exchange. In addition, Public Works staff identified a deteriorating retaining wall adjacent to Veterans Way that requires repair, further highlighting the need to resolve the property boundary and right-of-way issues.
Proposed Exchange
The City proposes to exchange approximately 6,163 square feet of City-owned property located along the south side of 61 Milford Drive (Summit County Auditor Parcels 3201841 and 3201844) for approximately 1,169 square feet of property located at 61 Milford Drive (Parcel 3200750), owned by Drensky Realty Investments, LLC.
Final property areas will be established through preparation of a new plat and recorded deeds. The exchange will be structured so ...
Click here for full text