Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A COMMUNITY REINVESTMENT ACT AREA AGREEMENT WITH MENTAL HEALTH PARTNERS HUDSON LLC, AN OHIO LIMITED LIABILITY COMPANY; AND DECLARING AN EMERGENCY.
Executive Summary: Mental Health Partners Hudson LLC is desirous of building an approximate 13,250 square-foot commercial/industrial building on Lot #8 (Parcel No. 30-009749) on Hudson Crossing Parkway in the Hudson Crossing Business Park, Hudson, Ohio, provided the appropriate development incentives are available to support the economic viability of their project.
Body
Legislative History
None.
Purpose & Explanation
To provide real property tax abatement to support the construction of an approximate 13,250 square-foot commercial/industrial building at an approximate cost of $2,100,000. This new construction will provide a single business medical facility, allowing for the creation of at least 40-50 new full-time positions with an approximate payroll of $3,200,000 with 5 months of construction completion.
Timing Considerations
The company would like to break ground in April 2017, which would allow for construction completion in September 2017. The Board of Education has been notified.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends that Hudson City Council authorize the City Manager to enter into the Community Reinvestment Agreement with Mental Health Partners Hudson LLC.
Submitted by,
Jane Howington, City Manager
James Stifler, Economic Development Director