RESOLUTION NO. ______, SERIES 2019
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A RESOLUTION DETERMINING CERTAIN PROPERTY AS SURPLUS AND NOT NEEDED FOR A GOVERNMENTAL PURPOSE AND AUTHORIZING ITS TRANSFER (AS AMENDED).
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SPONSORED BY: COUNCILWOMAN SEXTON SMITH
WHEREAS, according to KRS Chapter 67C 101, Metro Government may sell any real property belonging to Metro Government;
WHEREAS, Section 1(A) of Executive Order No. 2, Series 2011 of the Mayor, which adopts Section 2(C) of Executive Order No. 3, Series 2007, provides that the Louisville/Jefferson County Metro Government ("Metro Government") may sell and convey surplus real estate upon declaration by the Legislative Council of Metro Government ("the Council") that such property is no longer needed for the governmental purposes of Metro Government;
WHEREAS, Metro Government owns property located at 814 Vine Street, which is part of the Urban Government Center, and as more particularly described in Exhibit A to this Agreement (the "Property");
WHEREAS, Metro Government issued a solicitation of interest in January 2017, soliciting proposals for the redevelopment of the Urban Government Center, including the Property (the "SOI");
WHEREAS, Marian Development Group, LLC ("Developer") submitted one of the responses to the SOI, which proposed to redevelop the Urban Government Center for a mixed-use project;
WHEREAS, Developer's response was ultimately recommended for further negotiation;
WHEREAS, Metro Government has entered into a development agreement with the Developer dated July 2, 2018 (the "Development Agreement," a copy of which is available at the Office of Advanced Planning, located at 444 S. 5th Street, 6th Floor, which contemplates the sale of the Property for $1, plus the provision of community benefits more particularly identified in the Development Agreement;
WHEREAS, pursuant to a parking lease dated February 27, 2017 (the "Lease"), Metro Government leased the Property to Paristown Pr...
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