Explanation
Background: Wagenbrenner Development and the City have entered into an Economic Development Agreement for its Grandview Crossing project that will redevelop property located at the northeast corner of Dublin Road and Grandview Avenue. The City committed in the Economic Development Agreement to form a new community authority pursuant to ORC Chapter 349 to support that redevelopment. On April 12, 2019, a Petition for the Organization of the Grandview Crossing Community Authority was submitted to City Council. City Council, by Resolution No. 0144X-2019, passed May 6, 2019, determined the sufficiency of the Petition and set a public hearing date on the Petition, which was held on May 15, 2019. This resolution officially creates the proposed new community authority and makes the City’s initial appointments to the authority’s board of trustees.
Emergency Justification: Emergency action is requested in order to facilitate the development of this project in a timely manner.
Fiscal Impact: No funding is required for this legislation.
Title
To declare the Grandview Crossing Community Authority to be organized and a body politic and corporate; to define the boundary of the Authority’s new community district; to provide the method of selecting the board of trustees of the Authority and fix the surety for their bonds; and to declare an emergency.
Body
WHEREAS, Wagenbrenner Development (the “Developer”) has proposed to redevelop property located at the northeast corner of Dublin Road and Grandview Avenue by constructing a mixed use commercial and residential development known as Grandview Crossing consisting of approximately 200,000 square feet of Class A office space, 900 apartment units, a 260-unit senior living facility, a 120-key hotel, 29,000 square feet of retail space, additional site improvements and amenities for the office and residential uses including parking (surface and structured), roadway improvements, utilities and green space; and
WHEREA...
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