Title
An Ordinance approving documents related to the second transfer of property within the Blue Parkway and Colbern Road Redevelopment Area to St. Luke's East Hospital and authorizing other actions in connection with said transfer of property.
Body
This ordinance will approve documents that facilitate the transfer of property to St. Luke’s East Hospital within the Blue Parkway and Colbern Road Redevelopment Area of the Chapter 353 Redevelopment Plan. This request is substantially similar to a request approved in 2016 by the City Council to facilitate the transfer of about 13.5 acres of property to St. Luke’s East Hospital.
Proposed City Council Motion:
I move for second reading of An Ordinance Approving Documents Related to the Second Transfer of Property Within the Blue Parkway and Colbern Road Redevelopment Area to St. Luke's East Hospital and Authorizing Other Actions in connection with said Transfer of Property.
Background:
The Council approved the Chapter 353 Redevelopment Plan on March 22, 2012, pursuant to Ordinance No. 7164 and on May 17, 2012, the Council approved a First Amendment to the Redevelopment Plan, pursuant to Ordinance No. 7186.
The City, Unity, Bernell K. Rice, and the Blue Parkway and Colbern Road Redevelopment Corporation entered into a Redevelopment Agreement on May 1, 2012, to implement the Redevelopment Plan, and on May 17, 2012, pursuant to Ordinance No. 7186, the Council approved the First Amendment to the Redevelopment Agreement.
The Blue Parkway and Colbern Road Community Improvement District was formed by the Council pursuant to Ordinance No. 7165 on March 22, 2012, and the City and the District entered into a Cooperative Agreement on April 30, 2012 which provided for the implementation of the Community Improvement District.
The Redevelopment Agreement provides that in the event of a property transfer, a proposed transferee will execute a Transferee Agreement that complies with Exhibit E of the Redevelopment Agreement ...
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