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Citizens interested in City Council |
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Below are relevant requests council should address, Monday Sept 26 Council when they considers spending $600,000 to acquire first 10 acres of the 150 acre Development Plan |
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Section
5.2 Land Assembly Agreement.
As soon as is reasonably practicable following the execution of
this Agreement, the Parties shall negotiate and enter into an agreement
(the “Land Assembly Agreement”)
that identifies the specific parcels to be included in the City Property
and that details the obligations of the Parties with respect to the
acquisition of the City Property and related matters. During the discussion tonight I ask council to
declare when this agreement was submit and when it was approved and by
what mechanism. I also ask
for a brief overview of key points of interest it contains, such as the
expected terms of sale to the developer.
Also, I ask that the full agreement be attached as part of the
minutes to this meeting. Section 6.4 contains a number
of subsections including: (a)
Updated Conceptual Development Plan, (b) Infrastructure Analysis, and (c)
Project Budget and Project Schedule.
These sections require reports and other actions by the developer
and approval by the city. During the discussion tonight, highlight the infrastructure that the city
will be constructing within these parcels in support of the Heights
project. Include cost
associated with the infrastructure improvements and the means and method
of payment. Also, I ask the
reports and analysis enumerated in Section 6.4 be included as part of
the minutes to this meeting. Background: When the city
approved the purchase of the 14 acres for the aquatic center the
approval was for $770,000. Subsequently
reports show the actual expense for this acquisition was $843,000. Discuss the TIF funding that will be used to pay for this purchase.
Include in the minutes for this meeting these reports:
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This new "Heights" development plan will be located in the area pictured below.
Picture derived from Exhibit B of Council agenda item 6B pg 6 Quoting from the 201/202 CORRIDOR DEVELOPMENT AGREEMENT Section 6.7 Public Information. The Parties desire to maintain flexibility in planning and refining the Project and desire to limit public announcements relating to the Project. The Parties will agree to the manner, timing and content of any public announcements, including descriptions of Project status. Section 5.2 Land Assembly Agreement. As soon as is reasonably practicable following the execution of this Agreement, the Parties shall negotiate and enter into an agreement (the “Land Assembly Agreement”) that identifies the specific parcels to be included in the City Property and that details the obligations of the Parties with respect to the acquisition of the City Property and related matters. ......... (h) determination of and terms for the sale of City Property to Developer when ready for development, including timing and price (which will include City’s cost of acquisition, plus all carrying costs), (i) allocation, payment and/or reimbursement of qualifying costs of pre-acquisition activities, and ........ Section 6.4 (a) Updated Conceptual Development Plan. The Initial Conceptual Development Plan, which shall have been updated to reflect the current status (both financial and construction) of the development of any prior Phases, the financial analysis of the proposed Phase, and any other modifications to reflect the anticipated conceptual development plan for the development of the remaining portions of the Property....... (iii) the estimated post-construction assessed valuation of the real property included in the proposed Phase and the estimated annual Montgomery County TIF Payments expected to be collected by City in respect of that Phase in the first calendar year following completion of construction of that Phase. Developer shall be responsible for the preparation, and related cost of preparing, the Initial Conceptual Development Plan and any updates thereto. (b) Infrastructure Analysis. .........City shall not be required to design, finance, construct or install any Infrastructure Improvements in accordance with this Agreement until City has approved the related Infrastructure Analysis (and all other related conditions set forth herein have been satisfied) which approval will not be unreasonably withheld, conditioned or delayed. Developer shall be responsible for the preparation, and related cost of preparing, the Infrastructure Analysis and any updates thereto. (c) Project Budget and Project Schedule. A Project Budget and Project Schedule, which Developer will develop, in consultation with City, and taking into account the results of the Infrastructure Analysis and the Available Financing Monies projected to be available to pay the costs of the Infrastructure Improvements required for that Phase, a proposed Project Budget and Project Schedule for the Phase of the Project. ..................City shall not be required to design, finance, construct or install any Infrastructure Improvements in accordance with this Agreement until City has approved the related Project Budget and Project Schedule
When the city prepared the Resolution Adopting A Tax Budget For The Year 2012 during the July 25th council meeting there was an attachment that included the city's outstanding bonds. If you look at the outstanding bonds you see it includes at least 11 bond issues that by their title deal directly with Carriage Trails, Executive Boulevard, and Shull Road and these items already add up to more than half the outstanding bond debt of the city. Click on image to see details.
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The
agenda for Monday's council meeting contains a resolution to enter a
contract to buy land to be used in the new "Heights"
development project. Do you know how many of the 150 acres the
city will purchase? Do you know how long they will own them? Do
you know if they will eventually sell them or give them away? Do
you know if we are borrowing to pay for them? Do you know what
infrastructure the city plans to build on these 10 acres?
If you read the agenda item and the attachments you'll see they intend to buy about 15 acres but the $600,000 only gets them 10 acres and they still have to negotiate for the other 5 acres. But the important items that council hasn't discussed in a public forum are the ones that would answer the questions above. The 201/202 Corridor Development Agreement does contain some clauses that could provide information to help answer the questions above. But Section 6.7 of the same agreement tell us the public will have to pry it out of council if the public is interested. What questions should council be able to answer? According to Section 5.2 council should be able to answer many of the land acquisition questions. How much do they intend to buy? How much do they intend to keep? How much are they planning to sell or give to the developer? According to Section 6.4 Council should be in possess of an Updated Conceptual plan that details the financing options available. According to Section 6.4 The developer should have already provided council a plan and cost for infrastructure requirements. Ask your City Council to include the answers to these question when they discuss the land acquisition resolution Monday Night. Council Member contact information
Read my original Development Plan Post
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This site paid for by Tom McMasters of 6934 Sylmar Ct Huber Heights OH, Candidate (of course—with the approval of his wife)
