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January 11, 2024 City Council Regular Meeting
Title
30. Authorize the City Manager to Execute a Memorandum of Understanding at Eastern Wharf.
Strategic Priority
Infrastructure
Description

The Eastern Wharf project is a large mixed-use residential and commercial project located along the south bank of the Savannah River, the northern right-of-way of President Street, and the westerly right-of-way of the Bilbo Canal. The City has entered into a Development Agreement and subsequent Amendments with the developer of Eastern Wharf - SRL Land Venture, LLC and SRL Land Venture II, LLC. The attached Memorandum of Understanding (MOU) provides a framework and understanding on conveyance of certain rights-of-way, streetscapes, infrastructure, and park sites to and from both parties to clean-up title issues and progress matters agreed upon in the development agreement.

 

Recommendation

Approval

Contact
David Keating, Senior Director, Real Estate Administration Department
Financial Impact
No cost to the City
Review Comments
Attachments
Exhibit 1: Map - Eastern Wharf.pdf
Exhibit 2: Memorandum of Understanding - Eastern Wharf.pdf
Exhibit 3: Quit Claim Deed - City to SRL Land Venture LLC (2017 Right of Way).pdf
Agenda Plus