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AN ORDINANCE AUTHORIZING THE GROVEPORT COMMUNITY IMPROVEMENT CORPORATION (HEREINAFTER “GROVEPORT CIC”) TO LEASE CITY-OWNED REAL PROPERTY LOCATED AT 480 MAIN STREET AND 674 MAIN STREET IN THE CITY OF GROVEPORT, OHIO PURSUANT TO OHIO REVISED CODE SECTION 1724.10 (B) AND THE DECLARATION OF AN EMERGENCY
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WHEREAS, Ohio Revised Code Section 1724.10 authorizes a municipality to enter into an agreement with a Community Improvement Corporation to serve as the economic development agent for the municipality; and,
WHEREAS, the City Council authorized the Administrator to enter into an Agreement with the Groveport CIC to serve as the City of Groveport’s Economic Development Agent pursuant to Ohio Revised Code Section 1724.10 in Ordinance No. 2002-069 passed July 8, 2002; and,
WHEREAS, Pursuant to Ohio Revised Code Section 1724.10 (B) and Paragraph No.12 of the aforementioned Agreement, the City may authorize the Groveport CIC to serve as the City’s agent and lease land owned by the City of Groveport without advertising and the receipt of bids; and,
WHEREAS, the City Council has determined that certain City-owned real property located at Main and Front Street in the City of Groveport is no longer required by the City for its purposes; and,
WHEREAS, the City Council has determined that the lease of said property will promote the welfare of the people of the City of Groveport, stabilize the economy, provide employment, and assist in the development of industrial, commercial distribution and research activities to the benefit of the people of the City of Groveport as well as provide additional opportunities for their gainful employment.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GROVEPORT, FRANKLIN COUNTY OHIO, A MAJORITY OF ITS MEMBERS CONCURRING:
Section 1: That in accordance with Ohio Revised Code Section 1724.10 (B), the Groveport CIC is hereby authorized to act as the City’s agent and lease City-owned real property located at 480 Main ...
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