Explanation
BACKGROUND: By Ordinances 0209-2014 and 0222-2015, the Director of the Department of Development was authorized to sell and transfer parcels to Buckeye Community Forty Four, LP, a subsidiary of Buckeye Community Hope Foundation. The sites are a part of the Kent Place Homes Project, a project around the former Kent Elementary School in Driving Park to construct 50 new single family houses. The Project was selected to receive 2015 Low Income Housing Tax Credits and will start construction as soon as this fall.
As a part of the development, the Director of the Department of Development seeks authorization to transfer parcels adjacent to the Eddie Rickenbacker House located at 1334 East Livingston Avenue to the Rickenbacker-Woods Technology Museum and Historic Park (RWTMHP). The parcels will be owned by RWTMHP and leased to Buckeye Community Forty Four, LP, who will renovate the existing house at 1324 E. Livingston and garage behind 1334 E. Livingston into a leasing office and community center. The parcels will be transferred to RWTMHP for one dollar.
Authorization is also sought to enter into an agreement with RWTMHP for the use of the Eddie Rickenbacker house at 1334 E. Livingston Ave. The house, a National Historic Landmark, will be held in City ownership, but site management and building improvements will be managed by RWTMHP.
FISCAL IMPACT: No funding is required for this legislation.
EMERGENCY JUSTIFICATION: Emergency action is requested to enable the City to immediately enter into the necessary agreements allowing the buyer to meet closing deadlines for the project.
Title
To authorize the Director of the Department of Development to sell and transfer by quitclaim deed 2 parcels, located on Livingston Avenue to Rickenbacker-Woods Technology Museum and Historic Park; to authorize the Director of the Department of Development to execute any and all necessary agreements for the use, operation, lease, and management of the Eddie Rickenb...
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