An ordinance authorizing the City of Rock Hill, South Carolina (“City”) to cause the Rock Hill Cycling Facilities Corporation (“Corporation”), a South Carolina nonprofit corporation, to be organized; authorizing the issuance of certain obligations by the Corporation on behalf of the City; authorizing the designation of certain of the obligations as Recovery Zone Economic Development Bonds under the American Recovery and Reinvestment Act of 2009; authorizing the City to purchase or otherwise acquire certain real property; authorizing the City to enter into a Base Lease, Cycling Facilities Lease Agreement, Development Agreement, Project Management Agreement and Cycling Facilities Management Agreement with the Corporation to facilitate the acquisition, construction, installation, equipping, operation and use of certain cycling facilities located within the City; authorizing the assignment of certain contracts relating to the construction of the cycling facilities to the Corporation; authorizing the execution and delivery of various documents relating thereto; authorizing the Mayor and the City Manager to approve and enter into necessary agreements and to determine certain matters; and other matters relating to the foregoing.

Committee

City Council

Introduced

November 1, 2010

On agenda

December 13, 2010

Passed

December 13, 2010