Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO APPROVE THE ASSIGNMENT OF A COMMUNITY REINVESTMENT ACT AGREEMENT FROM HUDSON 21, LLC TO AURORA INDUSTRIAL, LLC.
Brief Description: This Resolution will authorize the assignment of a CRA Agreement from Hudson 21, LLC, to Aurora Industrial, LLC. The assignment will allow Aurora Industrial, LLC, to receive the benefits prescribed in the original agreement.
Body
Legislative History
Resolution No. 16-160 authorized a CRA Agreement with Hudson 21, LLC, located at 725 West Streetsboro Street (owned by Hudson 21, LLC; tenants include: Sweet Kiddies Flexible Childcare Center, Julie Rudgers Croft, D.D.S., and Goldfish Swim School); adopted October 18, 2016.
Purpose & Explanation
This Resolution will authorize the assignment of the CRA Agreement from Hudson 21, LLC, to Aurora Industrial, LLC. There is no related agreement with the Hudson School District, so the Board of Education does not need to take any related action.
Timing Considerations
Staff requests that this Resolution be placed on City Council’s Consent Agenda on October 5, 2021. The Resolution will be effective 30 days after passage.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends that Hudson City Council approve this Resolution, allowing the City Manager to approve the assignment of the CRA Agreement with Hudson 21, LLC to Aurora Industrial, LLC.
Submitted by,
Jane Howington, City Manager
James Stifler, Economic Development Director