Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A PURCHASE AGREEMENT AND RELATED PARTIAL RENT REIMBURSEMENT AGREEMENT WITH PASCO, INC. TO ACQUIRE REAL PROPERTY LOCATED AT 1140 TEREX ROAD (PERMANENT TAX PARCEL NO. 30-06939) IN THE CITY OF HUDSON FOR PUBLIC PURPOSES AND AUTHORIZING THE CITY MANAGER TO ADVERTISE FOR COMPETITIVE BIDS FOR THE PURPOSE OF RETROFITTING THE REAL PROPERTY LOCATED AT 1140 TEREX ROAD FOR THE CITY’S USE; AND DECLARING AN EMERGENCY.
Executive Summary: This Resolution will enable the City of Hudson administration to purchase property for public purposes and eliminate the need to rent office space for the City Administration and will authorize the public bidding process for needed renovations.
Body
Legislative History
No legislative history to date.
Purpose & Explanation
For several months, the City administration and Council have considered and discussed the acquisition of this property located at 1140 Terex Road for the purpose of locating the City of Hudson Administration into one publicly owned facility. This Resolution authorizes a purchase agreement for the City’s acquisition of the subject property and the rent subsidy agreement.
Staff is also requesting authorization to spend up to $1,500,000 for necessary renovations to the building.
Timing Considerations
This Resolution will be effective immediately upon passage.
Fiscal Impact
Currently Budgeted
X Supplemental Appropriation Required (A Bond/Note will be issued.)
Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends passage of this Resolution.
Submitted by,
Jane Howington, City Manager
Frank Comeriato. Asst. City Manager - Operations
Jeff Knoblauch, Asst. City Manager - Finance Director
Thomas Sheridan, Asst. City Manager - City Engineer