Label
TLC Properties
Department of Law
J. McNamara (x1088)
Revised
Title
Authorizing the Mayor to execute and deliver needed instruments for the granting of an easement and right of access to TLC Properties, Inc., on a portion of city-owned real property located underneath the I-75 bridge on the northern bank of the Maumee River, Toledo, Ohio 43609; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This Ordinance authorizes the city's granting of an easement and right of access to TLC Properties, Inc., a Louisiana corporation, for a potential new billboard on city-owned property located underneath the I-75 bridge on the northern bank of the Maumee River.
This easement is part of a proposed settlement agreement negotiated with TLC Properties, Inc. for the eminent domain case filed by the city on November 18, 2016 to acquire property generally known as 116 Erie Street, Toledo, Ohio needed for the Anthony Wayne Gateway Project. By granting this easement, TLC Properties is willing to settle this matter without necessitating a jury trial on the merits.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the mayor, the Law Department and the Real Estate Division of the Department of Neighborhood & Business Development are authorized to execute and deliver needed or appropriate instruments for the conveyance of an easement and right of access to TLC Properties, Inc. over a portion of city-owned property located underneath the I-75 bridge on the northern bank of the Maumee River, more fully described in EXHIBIT "A."
SECTION 2. That it is found and determined that the rights being granted within this easement and right of access area are not needed by the city for any municipal purposes and that it is in the best interest of the city to grant this easement and right of access to resolve pending litigation.
SECTION 3. That it is found and determined that all formal actions of Counc...
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