Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A PURCHASE AGREEMENT WITH RAMCO ASSOCIATES, LLC TO ACQUIRE REAL PROPERTY LOCATED AT 5369 HUDSON DRIVE AND 1220 AND 1239 HUDSON GATE DRIVE (PERMANENT TAX PARCEL NO. 30-09423) IN THE CITY OF HUDSON FOR PUBLIC PURPOSES; AND DECLARING AN EMERGENCY.
Executive Summary: With acquisition of the Ramco Property, the City will relocate its public power facilities from the Downtown area to the Ramco Property in order to proceed with the planned Downtown Redevelopment Phase II Project.
Body
Legislative History
None.
Purpose & Explanation
For several months, the City administration and Council have considered and discussed the acquisition of property owned by Ramco Associates, located at 5369 Hudson Drive and 1220 and 1239 Hudson Gate Drive; and this Resolution authorizes a purchase agreement for the City’s acquisition of the subject property. The City will relocate its public power facilities from the Downtown area to the Ramco Property in order to proceed with the planned Downtown Redevelopment Phase II Project.
Timing Considerations
This Resolution will be effective immediately upon passage.
Fiscal Impact
Currently Budgeted
X Supplemental Appropriation Required
Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends passage of this Resolution.
Submitted by,
Jane Howington, City Manager