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, 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 comply with statutory notice and hearing requirements and 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 Grandview Crossing 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, 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 the Grandview Crossing Project 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
WHEREAS, to support the redevelopment of the project site, the City agreed in the Economic D...
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