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County awards exclusive negotiation to Columbus Pacific for Klein Valley site; agreement includes financial feasibility clause
Summary
Summit County council voted to award Columbus Pacific Development the exclusive right to negotiate a public‑private partnership for the Klein/Dolly (Klein Valley) property after oral presentations from six proposers; the negotiated agreement was amended to require a financial feasibility assessment for both county and developer.
The Summit County Council voted on June 11 to give Columbus Pacific Development the exclusive right to negotiate a public‑private partnership for the so‑called Klein/Dolly property, after a multi‑firm request‑for‑proposals and oral presentation process.
Why it matters: The award begins a 180‑day exclusive negotiation period (extendable by council action) during which the county and the developer will refine a design and a financial plan. If the parties reach mutual agreement, the developer and county expect to submit any required zoning changes and a development agreement to the planning commission and county council for public hearings…
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