Finance Committee, March 2017

April 28th, 2017  |  Published in Observer Reports

Finance Committee
March 20, 2017

Present: Council members Nancy Moore, Sean Malone, Earl Williams, Rob Zimmerman; citizen members Martin Kolb, Linda Lalley, Brian Rosenfelt
Also present: Mayor Earl Leiken, Chief Administrative Officer Jeri Chaikin, Assistant Finance Director Cheryl Arslanian, Neighborhood Revitalization Director Kamla Lewis, Economic Development Director Tania Menesse, Housing Director William Hanson

The meeting commenced at 7:30 a.m. with approval of the Feb. 21, 2017, regular meeting minutes.

Agenda Items

  • Approved and authorized the execution of a development agreement with Neighborhood Housing Services of Greater Cleveland (NHSGC) for the sale, rehabilitation and re-sale of the city-owned property at 3625 Ludgate Road, authorizing the disposition of city-owned property no longer needed for municipal purposes without competitive bidding. This sale transaction is cost-neutral to the city.
  • Authorized a maintenance agreement with Van Aken Shopping Center (developer RMS) for the Van Aken District Public Improvements.
  • Authorized a forgivable loan in the maximum amount of $350,000 to McGlinchey Stafford to build out 20,000 square feet in the Van Aken District. McGlinchey Stafford has signed a 10-year lease to occupy office space in the office building anchoring the Warrensville/Farnsleigh retail corner.
  • Authorized the transfer of $17,751 from the General Fund into the Housing Inspection Department contractual services account for the demolition of 3598 Menlo Road.
  • Authorized the execution of certificates by the Director of Finance and the payments of amounts due upon certain contracts for which the Finance Director has issued Then and Now Certificates.

The meeting adjourned at 8:45 a.m.
Patty Knoth

Comments are closed.