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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.
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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 |
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