Explanation
The City owns fee title to the real property located at 2682 Cleveland Avenue, Columbus, Ohio 43211, Franklin County Tax Parcel Number 010-059116. The property was formerly leased as the Linden's Veterans Center and was vacated in February 2006 upon termination of that lease.
Ordinance No. 1176-2009, passed by Columbus City Council on 11/17/2009 granted authority to the Director of the Department of Finance and Management to determine the current marketability of this property and to entertain discussions and negotiations with interested parties with respect to the sale of this property. The ordinance provided that any agreement for the sale of the property would require approval by subsequent Council ordinance.
The Cleveland Avenue property has been exposed to the market through public notices in the Columbus City Bulletin since 11/21/2009, by a commercial real estate listing since 12/08/2009, and by a "For Sale" sign on the property. The property has been shown to a number of interested parties and several purchase offers terms unacceptable to the City have been received . The City has now received a purchase offer within the estimated market value range for this property and with terms acceptable to the City. It is, therefore, deemed to be in the City's best interest to enter into a formal contract with the prospective purchaser for the sale of the property commonly known as 2682 Cleveland Avenue, Columbus, Ohio 43211and described as follows:
Being all of Lot No. 2 (67.31 feet frontage by plat and 67.40 feet frontage
by filed survey of Cleveland Avenue) and 12.60 feet off of the entire
north side of Lot No. 1 of Elmdale Addition as said addition is of record
in Plat Book No.7, Page 454, Recorder's Office, Franklin County, Ohio,
the intention being to describe a tract of land with 80 feet of frontage on
Cleveland Avenue, including any surplus in Lot No. 2.
This ordinance authorizes approval for the sale of that City owned real property and authorizes the Director of the Department of Finance and Management to execute those documents necessary to enter into a contract with the Jeffrey Dean Foundation, an Ohio not for profit corporation, for the sale of the property for a price of $80,000.00 and to execute a quitclaim deed and any ancillary documents necessary to grant fee simple title to said property.
Fiscal Impact: Proceeds from this transaction shall be deposited in Fund 748, the General Permanent Improvement Fund.
Emergency Justification: Emergency action is requested to enable the City to immediately enter into contract and schedule a closing date, to allow the City to eliminate the cost associated with maintenance of this property and receive income of $80,000.00 from the proceeds of the sale.
Title
To authorize the Director of Finance and Management to execute those documents necessary to enter into contract with the Jeffrey Dean Foundation, an Ohio non-profit corporation, for the sale of City-owned surplus property commonly known as 2682 Cleveland Avenue, Columbus, Ohio 43211 and to execute those documents necessary to grant fee simple title; and to declare an emergency. (REPEALED BY ORD. 1715-2010 PASSED 12/6/2010)
Body
WHEREAS, that real property owned by the City of Columbus and commonly known as 2682 Cleveland Avenue, Columbus, Ohio 43211 has been deemed to be surplus City property; and
WHEREAS, pursuant to Ordinance No. 1076-2009, the Department of Finance and Management received authority to determine the current marketability of this property and to entertain discussion from and enter into negotiations with interested parties with respect to the sale of this property; and
WHEREAS, the property was offered for sale through public notice, a commercial real estate listing service, and property sign; and
WHEREAS, the City has received a purchase offer for said property from the Jeffrey Dean Foundation, an Ohio non-profit corporation, in the amount of $80,000.00 and with other terms acceptable to the City; and
WHEREAS, the Director of Finance and Management deems that it is in the best interest of the City to enter into a sale contract with the Jeffrey Dean Foundation, an Ohio non-profit corporation, for consideration in the amount of $80,000.00; and
WHEREAS, an emergency exists in the usual daily operation of the City, in that it is necessary to immediately authorize the Director of the Department of Finance and Management to execute those documents necessary to enter into a contract with the Jeffrey Dean Foundation for the sale of property located at 2682, Cleveland Avenue, and to execute a quitclaim deed and any ancillary documents necessary to grant fee simple title to the same real property thereby preserving the public health, peace, property, safety and welfare; now, therefore:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of the Department of Finance and Management be and is hereby authorized to execute those documents on behalf of the City of Columbus, as approved by the Department of Law, Division of Real Estate, necessary to enter into a contract with the Jeffrey Dean Foundation for the sale of City-owned property commonly known as 2682, Cleveland Avenue, Columbus, Ohio 43211, and to execute a quitclaim deed and any ancillary documents necessary to grant fee simple title to said property.
SECTION 2. That the sale proceeds to be received by the City shall be deposited in Fund 748, the General Permanent Improvement Fund.
SECTION 3. 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 its passage if the Mayor neither approves nor vetoes the same.