Explanation
Background:
Wagenbrenner Development and the City have entered into an Economic Development Agreement for its Marble Cliff Quarry project that will redevelop property located at the northeast corner of Dublin Road and Trabue Road. The City committed in the Economic Development Agreement to form a new community authority pursuant to ORC Chapter 349 to support that redevelopment. On August 26, 2019, a Petition for the Organization of the Marble Cliff Quarry 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 Marble Cliff Quarry 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 and Trabue Road by constructing a mixed use commercial and residential development known as the Quarry Project consisting of approximately 40,000 square feet of Class A office space, up to 600 apartment units with up to 440 single family homes and condominiums and up to 50,000 square feet of retail uses, together with green space and bikeways; and
WHEREAS, to support the redevelopment of the project site, the City agreed in the Economic Development Agreement to support the formation of a new community authority for the site; and
WHEREAS, a Petition for the Organization of the Marble Cliff Quarry Community Authority (the “Authority”) unde...
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