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TO AUTHORIZE THE MAYOR TO ENTER INTO SETTLEMENT AGREEMENT WITH 825 TECHCENTER DRIVE, LLC, FOR PURCHASE OF RIGHT OF WAY NEEDED TO EXTEND TECHCENTER DRIVE EASTWARD AS PART OF THE CENTRAL PARK DEVELOPMENT; TO SUPPLEMENTALLY APPROPRIATE $83,825; AND TO DECLARE AN EMERGENCY.
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WHEREAS, to aid in the development of the Central Park area, right of way is needed to extend TechCenter Drive and negotiations have been ongoing for the 0.586 acre portion needed; and
WHEREAS, a settlement agreement for the right of way purchase has been negotiated in the amount of $560,000; and
WHEREAS, ORD-0013-2008 appropriated $476,175 to deposit with the Franklin County Common Pleas Court for the appropriation of this land; and
WHEREAS, it is imperative to move forward with this settlement agreement to obtain the right of way as soon as possible due to the upcoming construction season, and all for the preservation of the public peace, health, safety and welfare;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That the Mayor is hereby authorized to enter into contract with 825 TECHCENTER DRIVE, LLC, ROBERT SHAEVITZ, 5729 Compass Court, Cape Coral, Florida 33914, for Settlement Agreement in the amount of $560,000 for right of way necessary to extend TechCenter Drive; Settlement Agreement attached as EXHIBIT A, and made a part herein.
Section 2. That funding in the amount of EIGHTY THREE THOUSAND EIGHT HUNDRED TWENTY FIVE DOLLARS ($83,825) is hereby supplementally appropriated from the unencumbered, unappropriated balance of the General Fund to Account No. 101.145.5513, Engineering, Capital Streets, to cover the herein costs.
Section 3. That funding in the amount of FOUR HUNDRED SEVENTY SIX THOUSAND ONE HUNDRED SEVENTY FIVE DOLLARS ($476,175) appropriated by ORD-0013-2008 to Account No. 101.145.5513, Engineering, Capital Streets, is hereby reassigned to pay 825 TechCenter Drive, LLC, ...
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