Explanation
1. BACKGROUND
Scioto Peninsula Holdings, Ltd., an Ohio limited liability company, is the 99-year lessee of certain City-owned land on the Scioto Peninsula, bounded generally by West Broad Street, Belle Street, West Town Street, and the Norfolk Southern Railroad tracks west of Starling Street. Scioto Peninsula Holdings, by its President, authorized Signatory on the platted land, has submitted the plat titled “Scioto Peninsula Subdivision” to the City Engineer’s Office for review and approval. This plat has been reviewed and approved by the City Engineer. The following legislation allows the City to accept the plat for this property and allows the Director of the Department of Development to sign the submission on behalf of the City as the fee simple owner of the land. This legislation also authorizes the Director of the Department of Development to amend the 99-year lease to reflect the newly platted configuration of developable land and City right-of-way.
2. FISCAL IMPACT
There is no expenditure associated with this ordinance.
3. EMERGENCY DESIGNATION
Emergency action is requested to allow development of this subdivision to proceed as currently scheduled.
Title
To accept the plat titled “Scioto Peninsula Subdivision” from Scioto Peninsula Holdings, Ltd; to authorize the Director of the Department of Development to sign the Scioto Peninsula Subdivision plat on behalf of the City; to authorize the Director of Development to amend the 99-year lease with Scioto Peninsula Holdings for City-owned land on the Scioto Peninsula; and to declare an emergency.
Body
WHEREAS, the plat titled “Scioto Peninsula Subdivision” (hereinafter “plat”) has been submitted to the City Engineer’s Office for approval and acceptance; and
WHEREAS, Scioto Peninsula Holdings, Ltd., an Ohio limited liability company, by its President, and the City, by the Director of the Department of Development, authorized Signatories on the platted land, desire to dedicate to ...
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