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AI-7057 New Business     C.       
City Manager  
Meeting Date: 07/13/2020  
Transformational Economic Development Program Project #2 - Property Acquisition
Submitted By: Scott Falkowski
Department: City Manager  
Council Committee Review?: Council Work Session
Date(s) of Committee Review: 07/07/2020
Audio-Visual Needs: None
Emergency Legislation?: No
Motion/Ordinance/
Resolution No.:
2020-R-6891

Agenda Item Description or Legislation Title
A Resolution Authorizing And Directing The City Manager To Negotiate And Enter Into A Purchase Agreement For Certain Land And Combine Such Land Within Project #2 Of The Transformational Economic Development.
(first reading)
Purpose and Background
The City purchased property located in the 6100 block of Brandt Pike and now has an opportunity to participate in the purchase of property located beside and behind said property in the heart of the Brandt Pike Targeted Revitalization Area.  This purchase will continue Project #2 of the Transformational Economic Development (TED) Program and allow the City to expand the opportunities for redevelopment and new investment into the area.  The process of the TED program will be used and is well suited for this next step of investment and re-development within Huber Heights. 

Fiscal Impact
Source of Funds: TED Fund
Cost: $520,000
Recurring Cost? (Yes/No): No
Funds Available in Current Budget? (Yes/No): Yes
Financial Implications:
Attachments
Resolution
2020-R-6891


    

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