Explanation
BACKGROUND: Two 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 such real property. These two parcels contain four lots that will be used in conjunction for a child development center facility jointly developed by The Ohio State University's Department of Ecology, the Columbus Board of Education (Weinland Park Elementary) and the Columbus Recreation and Parks Department.
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.
EMERGENCY
JUSTIFICATION: Emergency action is requested to meet the developer's project timeline.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title to two (2) parcels of real property (1298, 1316-1336 Summit Street) held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, by Ordinance 2161-93 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; and
WHEREAS, a proposal for the disposition of two parcels which had been acquired for this program meet the Land Reutilization Program's Disposition Policies and Guiding Principles and have been approved; and
WHEREAS, such these two parcels of real estate are being sold at not less than fair market value in conformity with Ohio Revised Code Section 5722.07; and
WHEREAS, in order to complete the transfer of such property to the purchaser, authority is needed for the Director of the Department of Development to execute any and all necessary agreements and deeds of conveyance for such real property; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Office of Land Management, in that it is immediately necessary to convey said parcels of real estate from the City's Land Bank in order to meet the developer's project timeline, thereby preserving the public health, peace, property, safety, and welfare; and NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Department of Development is hereby authorized and directed to execute any and all necessary agreements and deeds to convey title of the following parcels of real estate:
PARCEL : 010-047199
ADDRESS: 1298 Summit Street
PRICE: $500.00
USE: Child Development Center
Ohio State University/Board of Education
PARCEL: 010-038861
ADDRESS: 1316-1336 Summit Street
PRICE: $1500.00
USE: Child Development Center
Ohio State University/Board of Education
Section 2. That for the reasons stated in the preamble hereto, which is hereby made a
part hereof, this ordinance is hereby declared to be an emergency measure and shall
take effect and be in force from and after its passage and approval by the Mayor, or
ten days after passage if the Mayor neither approves nor vetoes the same.