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, by Resolution No. 0268X-2019, passed October 7, 2019, determined the sufficiency of the Petition and set a public hearing date on the Petition, which was held on October 10, 2019. This resolution officially creates the proposed new community authority and makes the City’s initial appointments to the authority’s board of trustees.
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 declare the Marble Cliff Quarry Community Authority to be organized and a body politic and corporate; to define the boundary of the Authority’s new community district; to provide the method of selecting the board of trustees of the Authority and fix the surety for their bonds; 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, a Petition for the Organization of the Marble Cliff Quarry Community Authority (the “Authority”) under ORC Chapter 349 ...
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