Label
DEDSaleofHawthorneHills
Business Development
B. Sehlhorst (x1692) / E. Granata (x1034) [SUBJECT]
Title
Authorizing the Mayor to enter into a Real Estate Purchase Agreement with Amazon.Com Services LLC and to execute and deliver needed instruments for the sale and conveyance of 58.33 acres of city-owned real property at Hawthorne Hills Subdivision, in the City of Toledo, Lucas County, Ohio; making certain findings with respect thereto; waiving the competitive bidding and advertising provisions of TMC 187.19; authorizing the appropriation of $175,000 from the General Fund and the expenditure of same for closing expenses; authorizing the deposit of net sale proceeds into the Capital Improvement Fund; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The city of Toledo is the owner of certain real property commonly referred to as Hawthorne Hills, which is located at 2040 S Reynolds Road Toledo, OH 43614 (Parcel ID 07-71421) and further identified in Exhibit A ("Property"). Pursuant to Ordinance 514-14, the City acquired the property in December 2014 and has been marketing it for redevelopment. In 2018, the City entered into a listing agreement with Signature Associates to market the property for a job creation project. In 2019, the City rezoned the property from Regional Commercial Sign Overlay (CR-SO) to Limited Industrial (IL) in accordance with its strategy to target a logistics and distribution operation to the site. As such, Signature Associates has procured a buyer for the property that is consistent with the City's goals for the property.
Amazon.com Services LLC ("Purchaser") intends to purchase the 58.33+ acre property to construct a $25 million delivery station that will provide last mile services throughout the Toledo Region. The facility will employ at least 110 positions with an average wage of $15 per hour, exclusive of benefits. The Purchase and Sale Contract is provided in Exhibit B.
The purchase price for the proper...
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