Explanation
BACKGROUND:
The City, in cooperation and partnership with Franklin County and the Crew SC Stadium Company, LLC, a Delaware limited liability company, has or will have entered into an Economic Development Agreement as authorized by Ordinance Number 1730-2019, for the financing, development, construction, operation, and occupancy of a new multi-purpose sports, entertainment, cultural and recreation facility and the redevelopment of the MAPFRE Stadium into a Community Sports Park (“Project”). The Project involves a major redevelopment of existing City owned property and will require the City transfer various types of fee simple title and lesser real estate, and associated agreements and instruments, in order to complete the Project. Accordingly, authorizing the Director of the Department of Finance and Management to execute any documents, including but not limited to deeds, easements, license agreements, lease agreements, agreements, and any other type of instrument, necessary to transfer or release any fee simple title or lesser real estate and to enter into any agreements associated with the Project will allow for the timely and efficient completion of the Project.
CONTRACT COMPLIANCE:
Not applicable.
FISCAL IMPACT:
Not applicable.
EMERGENCY JUSTIFICATION:
Emergency action is requested in order to timely and efficiently complete the Project without unnecessary delay, which will preserve the public peace, health, property, safety, and welfare.
Title
To authorize the Director of the Department of Finance and Management to execute and acknowledge any documents, as approved by the City Attorney’s Office, necessary to transfer any real estate and to enter into any agreements associated with completing the Crew Stadium project in accordance with the Economic Development Agreement; to waive any Land Review Commission requirements; and to declare an emergency. ($0.00)
Body
WHEREAS, the City, in cooperation and partnership with Frankli...
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