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Council hears plan to accept AEP parcels and sublease to AEP; residents demand clearer terms
Summary
The council discussed an ordinance (No. 20) authorizing conveyance of multiple parcels from American Electric Power for subsequent sublease to AEP; administration described a long negotiation and possible downtown job returns, while public commenters and a neighborhood advocate urged clearer disclosures of parcels, liabilities and measurable public benefit.
The Canton City Council on its April meeting agenda advanced consideration of an ordinance authorizing the city to accept conveyance of multiple parcels from American Electric Power (AEP) with a subsequent sublease to AEP through the Canton Community Improvement Corporation.
A presenter in finance described months-long negotiations and said AEP has agreed to convey the building essentially at a nominal cost and to provide associated parking. The presenter said the plan could bring jobs back downtown, asserting, "they're gonna give us the building for a dollar, and they're gonna give us every parking lot that's associated with that" and…
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