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TO ACCEPT DECLARATION OF RESTRICTIONS FOR PROPERTY LOCATED ON TECHCENTER DRIVE AND KNOWN AS A PORTION OF CENTRAL PARK, 12.1+/- ACRES OF LAND PURCHASED FROM VALUE RECOVERY GROUP II, LLC AND 10.98 ACRES DONATED TO THE CITY BY VALUE RECOVERY GROUP II, LLC
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WHEREAS, the City of Gahanna purchased 12.1+/- acres from Value Recovery Group II, LLC; and
WHEREAS, Value Recovery Group II, LLC also donated to the City acreage as outlined in the TechCenter Drive Extension and Greenspace Dedication Plat totalling 10.98+/- acres; and
WHEREAS, a grant was received from the Ohio Public Works Commission in order to purchase the property; and
WHEREAS, as a condition of receiving the grant, the City agreed to restrict the use of the property with the intent that such restrictions run with the land;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That this Council hereby accepts this Declaration of Restrictions for park land in the Central Park development; said Declaration of Restrictions attached to this ordinance as EXHIBIT A, and made a part herein.
Section 2. That this ordinance shall be in full force and effect after passage by this Council and 30 days after date of signature approval by the Mayor.