Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ACCEPT A SUMMIT COUNTY LAND BANK COMMUNITY DEVELOPMENT MATCHING GRANT FROM THE SUMMIT COUNTY LAND REUTILIZATION CORPORATION FOR RE-USE OF THE FORMER KOBERNA PROPERTY FOR THE DEVELOPMENT OF THE HUDSON CITY SCHOOL DISTRICT'S NEW BUS GARAGE AND CITY OF HUDSON FACILITIES.
Executive Summary: The Summit County Land Reutilization Corporation will support neighborhood and community reinvestment and economic development efforts through the strategic acquisition, reclamation, rehabilitation and reutilization of property in Summit County to revitalize neighborhoods and communities, stabilize property values, reduce blight, return property to productive use, and improve the quality of life in our community. Staff sought authorization to apply for a Community Development Matching Grant for development of the former Koberna site for the Hudson City Schools Bus Garage and City of Hudson facilities.
Body
Legislative History
Resolution No. 17-38 authorized the City Manager, or her designee, to apply for the Community Development Matching Grant, passed on February 21, 2017.
Purpose & Explanation
The Summit County Land Reutilization Corporation has awarded the City of Hudson a $25,000 matching grant for demolition and associated site preparation costs for the reutilization of the former Koberna property on Hudson Drive. The cost of clearing, grubbing, and structure removal for this site is estimated at $66,160. With acceptance of this grant, the net cost to the City will be $41,160.
Timing Considerations
Staff will seek reimbursement upon completion of the work described above.
Fiscal Impact
X Currently Budgeted
Supplemental Appropriation Required
Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends that City Council authorize the City Manager to accept the Summit County Land Bank Community Development Matching Grant from the Summit County Land Reutilization Corporation for demoli...
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