Explanation
1. BACKGROUND
Hamilton Crossings LLC, an Ohio limited liability company and Town & Country City, Inc., an Ohio corporation, (the “Developers”) are engaged in the future development of the area surrounding the City’s future Hamilton Road, Phase B, S-Curve Project. The Developers have or will be transferring portions of the right of way needed for the City’s Hamilton Road, Phase B, S-Curve Project at no cost to the City. In exchange, the Developers have requested the City transfer a 1.202 acre tract and 0.593 acre tract, being portions of Albany Lake Way right of way, while reserving a waterline easement, to them and to partially release certain platted easements rights, as needed to allow the development to occur. After investigation and plan review it has been determined it is in the best interest of the City to authorize the transfer and partial release. This was not submitted to the Land Review Commission for review and approval as this is an exchange of right of way and right of way is not being sold.
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 2016 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 1.202 acre tract of Albany Lake Way to Hamilton Crossings LLC and a 0.593 acre tract of Albany Lake Way to Town & Country City, Inc., subject to the reservation of a waterline easement, and to partially release certain other easements rights of the City under the Albany Park Section 1, Part 1, Plat; to waive Land Review Commission requirements; and to declare an emergency. ($0.00)
Body
WHEREAS, Hamilton Crossings, LLC, an Ohio limited liability company, and Town & Country City, Inc., an Ohio corporation...
Click here for full text