Explanation
BACKGROUND: Three parcels currently held in the Land Bank have been approved for disposition. In order to complete the transfer, authorization is needed for the Director of the Department of Development to execute any and all agreements and deeds for conveyance of the real properties. This legislation authorizes the transfer of three parcels located at 55 Brehl Ave. (010-014155), 320 Brehl Ave. (010-012122) and 391Brehl Ave. (010-018288) to New City Homes LLC, an Ohio business that will construct new single family homes on the vacant parcels. The parcels will be transferred by deed recorded in the Official Records of the Franklin County Recorder’s Office.
FISCAL IMPACT: The City may first recover reimbursement of any and all expenses incurred on account of the acquisition, administration, management, maintenance and disposition of such land and such other expenses of the program as the City may apportion to such land from the sale proceeds.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of three parcels of real properties (55 Brehl Ave., 320 Brehl Ave. and 391 Brehl Ave.) held in the Land Bank pursuant to the Land Reutilization Program. (AMENDED BY ORD 1762-2023 PASSED JUNE 26, 2023) BA
Body
WHEREAS, by Ordinance No. 1325-98, Council adopted and elected to use the Revised Code Chapter 5722, Land Reutilization Program, to facilitate effective reutilization of nonproductive land acquired through a sale pursuant to a foreclosure proceeding initiated by the Franklin County Treasurer, or through a sale of forfeited lands by the Franklin County Auditor, or through a conveyance in lieu of foreclosure to foster either return of such land to tax revenue generating status or its devotion to public use, or any other land acquired as part of the land reutilization program; and
WHEREAS, a proposal for the sale of the properties, which were acquired pursu...
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