Bexley Square Shopping Center
City Hall move to be covered by proceeds
City to put funds from lease, TIF on new Giant Eagle toward its space
The city of Bexley continues to move forward with a planned redevelopment of the Bexley Square Shopping Center that will include a new Giant Eagle supermarket to be built on the current site of City Hall, 2242 E. Main St.
The cost of relocating City Hall will come from proceeds of the redeveloped site, rather than from existing taxpayer dollars in the city's general fund, Mayor Ben Kessler said during City Council's Oct. 1 special meeting.
"The entire deal, as we are currently working on it, does not require general fund dollars or any additional funds to come from the city for relocation of City Hall or the service garage," Kessler said. "It's designed to be a self-contained, self-funded, self-sufficient redevelopment."
The Bexley Community Investment Corp. has entered into a contract to purchase the Bexley Square Shopping Center from Casto for $1.8 million. The city will lease the site to Continental Real Estate and make infrastructure improvements to access the Bexley Square Shopping Center, which is located just west of City Hall.
A new, 30,000 square-foot Giant Eagle will be built on the City Hall site, becoming the anchor tenant for the shopping center.
Using money from the lease and tax-increment financing on the new supermarket, the city will either lease office space or build a new City Hall -- possibly at the redeveloped shopping center.
At the Oct. 1 meeting, council members discussed the first reading of Ordinance 49-13, which authorizes an economic development agreement between the city and the CIC, which functions as Bexley's development arm. The CIC will allot money for City Hall's relocation from income accrued from leases at the Bexley Square Shopping Center, Kessler said.
"This has to do with how the CIC handles income that comes in to them from the shopping center" once the redevelopment has been completed, he said.
The purpose of the special meeting was to give residents an opportunity to provide input and ask questions about the proposed redevelopment, said Council President Rick Weber.
Though fewer than 10 residents attended the meeting and none voiced opposition to the redevelopment, the meeting served its purpose of allowing public input, Weber said.
Rather than suspend the rules and pass legislation related to the redevelopment as emergency legislation, "we felt it was more appropriate to incorporate these special meetings," he said.
Once the redevelopment is completed, the new Giant Eagle is projected to open in 2015.