Explanation
1. BACKGROUND
Polaris 91, LLC, an Ohio limited liability company is engaged in the development of a tract of land known as the future IKEA site. The development of this site is located at the north east corner of the intersection of Gemini Place and Orion Place. The Developer has requested the City transfer a portion of existing right of way to allow the development to occur. After investigation and plan review it has been determined it is in the best interest of both parties and should be authorized subject to the retention of a general easement over the Property.
2. FISCAL IMPACT
N/A
3. EMERGENCY DESIGNATION
Emergency action is requested to allow the construction of the proposed development to proceed as quickly as possible. Construction of this development project is anticipated to begin in the next construction season.
Title
To authorize the Director of the Department of Public Service to execute those documents, prepared by the Department of Law, Real Estate Division, needed to quitclaim a portion of existing right of way to Polaris 91, LLC, an Ohio limited liability company, while reserving general easement rights; to waive Land Review Commission requirements; and to declare an emergency.
Body
WHEREAS, Polaris 91, LLC, an Ohio limited liability company, “Developer”, is engaged in the development of a tract of land known as the future IKEA site located at the northeast corner of the intersection of Gemini Place and Orion Place; and
WHEREAS, the Developer has requested the City transfer a portion of existing right of way to allow the development to occur; and
WHEREAS, after investigation by the Department of Public Service it has been determined it is in the best interest of the City and should be authorized subject to the retention of a general easement; and
WHEREAS, the City will retain general easement rights over the property for those purposes of constructing and maintaining the DEL-GEMINI PKWY EXTENSION roadway project;...
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