Label
Glass City Metropark Riverwalk Development Agreement
Department of Economic Development
Brandon Sehlhorst (x1692)
Title
Authorizing the mayor to enter into a development agreement with the Metropolitan Park District of the Toledo Area for the Glass City Riverwalk Project; making certain findings with respect thereto; waiving the competitive bidding process of Toledo Municipal Code Chapter 187 with respect to the conveyance of real property; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The City of Toledo has partnered with the Metropolitan Park District of the Toledo Area to redevelop the Maumee riverfront in the downtown area. Pursuant to Ordinance 41-19, the parties entered into a Development Agreement for the Glass City Metropark project. Pursuant to Ordinance 147-20, the parties entered into a Development Agreement for the continuation of the Glass City Metropark project into International Park. The parties desire to enter into third Development Agreement for the Glass City Riverwalk project.
The Glass City Riverwalk is a transformational initiative, poised to make a significant impact on our region by significantly enhancing the appeal of downtown Toledo and the adjacent neighborhoods for generations to come. The project aims to create 300 acres of new and revitalized greenspace along the Maumee River, seamlessly linked by a five-mile network of multi-use trails. Spanning both banks of the Maumee River between the Veterans' Glass City Skyway and the High Level Bridge, the Riverwalk promises to redefine our entire riverfront.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to enter into a development agreement with the Metropolitan Park District of the Toledo Area and execute and deliver other needed instruments for the purpose of the development and operations of the Glass City Riverwalk Project. Said agreement is in substantial ...
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