Resolution
On Tuesday, December 11, 2012 Cuyahoga County Executive Ed FitzGerald announced that the County would sell the Ameritrust complex, including the tower, the rotunda building, and two other office buildings to the Geis Companies of Streetsboro, Ohio in exchange for $27 million. Geis Cos., additionally, agreed to raze the "two other office buildings," the so-called P&H buildings, and to build an eight story office building to be used by the County as a consolidated headquarters building. The parties envisioned that the county would move about 750 employees into the newly constructed building from eight other locations by mid-2014. The County agreed to make lease payments of $6.7 million on 222,000 square feet of space for a period of 26 years with a County option to buy the new building at the end of the term for $1.
Read more about this topic: Ameritrust Tower
Famous quotes containing the word resolution:
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—Marcel Proust (1871–1922)