Explanation
Background: The City of Columbus, Department of Recreation and Parks, desires to enter into a purchase agreement with Blauser Capital, LLC., for 30.1 acres + of certain real property located in the vicinity of West Broad Street and Darby Creek Road. The subject land is to be purchased for park certain development and for a future recreation center. The contract is in the amount of $1,910,000.00, which includes $10,000 for incidental expenses related to the acquisition of the property. Therefore it is necessary to authorize the Director of the Recreation and Parks Department to execute those documents as approved by the Department of Law, Real Estate Division for the purchase of the aforementioned real property, and to expend $1,910,000.00 for cost relevant to its acquisition.
This ordinance will authorize the transfer of $490,305.68 within the
Voted 1999/2004 Parks and Recreation Bond Fund No. 702.
Fiscal Impact: $1,910,000 is budgeted in the Voted 1999/2004
Parks and Recreation Bond Fund to meet the financial obligation of
this project.
Emergency Justification: Emergency action is requested to allow this acquisition to proceed in agreement with the closing transaction deadline and other terms and conditions of the purchase contract.
Title
To authorize the Director of the Recreation and Parks Department of Recreation and Parks, to enter into a purchase agreement with Blauser Capital, LLC., for 30.1 acres + of certain real property located in the vicinity of West Broad Street and Darby Creek Road to be purchased for park development and for a future recreation center, to expend $1,910,000.00 from the Recreation and Parks Bond Fund; to authorize the transfer of $490,305.68 within the Voted 1999/2004 parks and Recreation Bond Fund, and to declare an emergency.
Body
WHEREAS, the City of Columbus, Recreation of Parks Department, desires to enter into a purchase contract, between the City and Blauser Capital, LLC., for 30.1 acres + for the acquisition of certain real property located in the vicinity of West Broad Street and Darby Creek Road, for use in connection with the Recreation and Parks Land Acquisition Project; and
WHERAS, the subject real property is to be purchased for park development and for a future recreation center; and
WHEREAS, the contract is in the amount of $1,910,000.00, which includes $10,000.00 for incidental expenses related to the acquisition of the property; and
WHEREAS, it is necessary to expend $1,910,000.00 from the Recreation and Parks Bond Fund in order to purchase the subject real property; and
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus, in that it is immediately necessary to authorize the Director of the Recreation and Parks to execute those documents necessary for the purchase of said real property for the immediate preservation of the public health, peace, property and safety; now, therefore:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Recreation and Parks Department be, and hereby is, authorized to execute those documents, as approved by the Department of Law, Real Estate Division, necessary for the purchase of the subject real property, which in total is a 30.1 acre + portion of its property which is located in the Columbus/South-western School District, County Auditor's Tax Parcel Number 010-256886.
Section 2. That the expenditure of $1,910,000.00, or so much thereof as may be necessary for the Recreation and Parks Land Acquisition Project, Project #510112, from the Recreation and Parks Bond Fund, # 702 Fund, OCA Code 644526, Object Level Three 6601, for the appropriation of said real property interests determined to be necessary for the stated public purpose is hereby authorized.
Section 3. That the City Auditor is hereby authorized to transfer $490,305.68 within the voted 1999/2004 Parks and Recreation Bond fund No. 702, Dept. 51-01, from Northland Improvements, Project No. 510321, OCA Code 644526, Object Level 3 6621 to Land Acquisition, Project No. 510112, OCA Code 644526, and object leve 3- 6601.
Section 4. 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.