TITLE
AN ORDINANCE AUTHORIZING THE MAYOR TO ENTER INTO A PURCHASE AGREEMENT WITH VALUE RECOVERY GROUP II, LLC, FOR PROPERTY LOCATED ADJACENT TO 825 TECH CENTER DRIVE; AND DECLARING AN EMERGENCY
BODY
WHEREAS, on September 6, 2022, City Council approved the property acquisition of 825 Tech Center Drive, the site of the future municipal complex supporting the needs of the Division of Police, City Hall, and Senior Center; and
WHEREAS, the Value Recovery Group II, LLC, owns a property (Parcel ID 025-013630) immediately adjacent to 825 Tech Center Drive; and
WHEREAS, a partial acquisition comprising 2.05 acres of said property at the southern border of 825 Tech Center Drive would provide additional buffer for securing the facility and potentially meet future expansion needs; and
WHEREAS, the negotiated purchase price of the property is $150,000; and
WHEREAS, funds from the 825 Tech Center Drive project would be used to cover the acquisition and fees associated with the transaction; and
WHEREAS, the Administration recommends passage of this ordinance as an emergency measure immediately necessary for the preservation of public peace, safety, health, and welfare of the City; to wit: to allow the project to move forward and parties to finalize the closing.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, COUNTY OF FRANKLIN, STATE OF OHIO:
Section 1. That this Council hereby authorizes the Mayor to enter into a Purchase Agreement with the property owner Value Recovery Group II, LLC, to acquire the property as described for the price of one hundred fifty thousand dollars ($150,000); said Purchase Agreement and description more particularly described in EXHIBIT A attached hereto and made a part herein.
Section 2. That for the reasons set forth in the preamble above, this Ordinance is declared an emergency measure which shall be in full force and effect immediately upon passage by this Council and on date of signature of approval by the Mayor.