BY: Councilmember Barsky

ORDINANCE NO. 18-2007
 
AN ORDINANCE AUTHORIZING THE VILLAGE MANAGER TO ENTER INTO A REAL ESTATE GROUND LEASE AND PURCHASE AGREEMENT FOR 118 SOUTH MAIN STREET, GRANVILLE, OHIO, WITH ST. LUKE’S EPISCOPAL CHURCH

WHEREAS, the Village of Granville hereby desires to enter into the Real Estate Ground Lease and Purchase Agreement with St. Luke’s Episcopal Church, attached hereto and incorporated herein as Exhibit “A”, for the .0734 acres, more or less, of real property located at 118 South Main Street, Granville, Ohio 43023; and

WHEREAS, any and all funds derived from the sale and/or lease of the property identified in Exhibit “A” to St. Luke’s Episcopal Church shall be deposited into the Municipal Building Reserve Fund.

NOW, THEREFORE, be it ordained by the Council of the Village of Granville, Ohio, that:

Section I:    Council hereby authorizes the Village Manager to enter into the Real Estate Ground Lease and Purchase Agreement with St. Luke’s Episcopal Church, attached hereto and incorporated herein as Exhibit “A”, for the .0734 acres, more or less, of real property located at 118 South Main Street, Granville, Ohio 43023 (“Premises”).

Section II:    Council further hereby authorizes and direct the Village Manager to execute and deliver all documents necessary to lease the real property located at 118 South Main Street, Granville, Ohio and to sell the two-story building on the Premises pursuant to the terms set forth in Exhibit “A”.

Section III: The proceeds from the sale of the subject property to St. Luke’s Episcopal Church shall be used only for payment of Village debt, which debt reduction shall be accomplished on or before December 31, 2008.

Section IV:    Amendments for clerical errors may be made to this Ordinance and Exhibit “A” and said amendments shall have no affect on any other provisions of this Ordinance and Exhibit “A.”

Section V: This Ordinance shall take effect upon the earliest date permitted by law.

Passed this 28th day of November, 2007.