ProMedica HQ development agreement ready for Council reviewWritten by Staff Reports | | email@example.com
The development agreement with ProMedica regarding its Downtown headquarters has been delivered to Toledo City Council by Mayor Paula Hicks-Hudson’s administration, according to an April 14 news release from the city.
Click here to read the agreement: http://toledo.oh.gov/media/171023/ProMedica.pdf
“The development agreement details the commitments and obligations of both the City of Toledo and ProMedica, respective to the ProMedica headquarters development,” the email stated. “The negotiations were conducted mindful of the potential for this development to lead to a new revitalization of Toledo’s Downtown, while protecting and enhancing our citizens’ ability to use and enjoy our riverfront. We believe that we have achieved an agreement that accomplishes both objectives. We are pleased to have worked with ProMedica to put together this development agreement and to help provide vitality into our Downtown.”
A memorandum of understanding on the project was approved by City Council on Jan. 20.
Council must still review and vote on the development agreement. No date has been set.