Label
Marina District Public Access Modification
Department of Development
Bill Burkett (x1692)
Revised
Title
Authorizing the Mayor to execute and deliver needed instruments for the partial release, modification, vacation, and/or assignment of the public purpose restriction with respect to "City of Toledo, Lot A" of the Marina District plat, City of Toledo, Lucas County, Ohio, for the purpose of facilitating redevelopment of the Marina District; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
In 2008, the City of Toledo certified the Marina District Plat and establishing as part of said plat "City of Toledo Lot A" covering a majority of the development site between the east bank of the Maumee River and Riverside Drive. This lot was designated for use by the general public for public purposes.
In 2011 the City of Toledo, pursuant to Ordinance 175-11, sold a majority of the Marina District, including Lot "A", in trust to Dashing Pacific Group Ltd. (Dashing). As part of the conveyance, the City reserved a public access easement. Said easement is of record as instrument no. 20081008-0049841.
Dashing subsequently conveyed its ownership to the Marina District and the current owners intend to commence redevelopment and put the property to a beneficial use. In order to facilitate redevelopment, and in recognition of the fact that the vast majority of Lot "A" will be owned and operated as a park district by the Metropolitan Park District of the Toledo area, the developers have requested that the City release, modify, and/or assign the public purpose restriction established by Plat as well as by easement 20110705-0025804. Amending the public access easement to correspond to the development plans is contemplated in Paragraph 1 of the easement.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor and the Department of Business & Economic Development are authorized to execute and deliver any needed instrum...
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