Explanation
Background:
Perry Street, LLC will redevelop property located south of Fifth Avenue and the Battelle campus. City Council has previously adopted Ordinance 0443-2018 on February 26, 2018, authorizing an Economic Development Agreement to form a new community authority pursuant to ORC Chapter 349 to support that redevelopment. On April 20, 2018, a Petition for the Organization of the Harrison Market Community Authority was submitted to City Council. City Council, as the organization board of commissioners, is now required by ORC Chapter 349 to determine the sufficiency of the Petition and set a public hearing date on the Petition.
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 determine that the petition to establish the Harrison Market Community Authority is sufficient and complies with the requirements of the Ohio Revised Code; to set the time and place for a hearing on the petition and authorize the notice of such hearing by publication; and to declare an emergency.
Body
WHEREAS, Perry Street, LLC (the “Developer”) will redevelop approximately 21acre located south of Fifth Avenue and the Battelle campus as a mixed use commercial and residential development consisting of approximately 311 multi-family rental residential units, 200 senior living units, 32 single-family townhomes, 42 single-family residential homes, a 128 room hotel, up to 46,500 square feet of retail/restaurant space, surface parking and a structured parking garage with at least 350 parking spaces, public park and open space amenities, and roadway and utilities improvements; and
WHEREAS, City Council has previously adopted Ordinance 0443-2018 on February 26, 2018, authorizing an Economic Development Agreement to support the formation of a new community authority for the site; and
WHEREAS, a Petition for the Organization of the H...
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