Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXERCISE THE CITY’S RIGHT OF FIRST REFUSAL AND SIGN ALL DOCUMENTS NECESSARY TO ACQUIRE PARCEL NO. 3204148, WHICH IS APPROXIMATELY 1 ACRE OF REAL PROPERTY LOCATED AT 94 OWEN BROWN STREET IN THE CITY OF HUDSON, FOR PUBLIC PURPOSES; AND DECLARING AN EMERGENCY.
Brief Description: The City Council would like to institute its right for first right of refusal based on the Purchase and Sale Agreement and make an offer to Windstream (Western Reserve, LLC) for the property located at 94 Owen Brown Street (Summit County Parcel #3004148 3204148).
Body
Legislative History
Resolution No. 16-53, authorizing the City Manager to enter into a purchase agreement with Windstream Western Reserve, LLC to acquire approximately 4.0128 acres of real property.
Purpose & Explanation
Pursuant to the City Solicitor’s request, City Council must formally motion to exercise its right of first refusal.
Timing Considerations
City Council has ten (10) days to respond to Windstream’s offer.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required
Recommendation
Suggested Action
Staff recommends that City Council exercise its right of first refusal.
Submitted by,
Thomas Sheridan, Interim City Manager
Jeffrey F. Knoblauch, Assistant City Manager - Finance Director