The Economic Development

Committee considers Van Aken development amendment

Economic Development staff requested a recommendation for Council to approve a fourth amendment to the Van Aken District Development and Use Agreement. The proposal would extend the developer’s exclusive purchase option for the northwest corner of Chagrin Boulevard and Warrensville Center Road, change the purchase price to account for 50% of utility-line costs, and require a reinvestment and potential redevelopment plan for Shaker Plaza.