Explanation
BACKGROUND: Council adopted a Land Reutilization Program (ORC5722) by Ordinance 2161-93 to facilitate effective reutilization of nonproductive land and buildings with the City's boundaries and to foster either the return of such land to tax revenue generating status or retention for public use. These properties are held and managed in the Land Bank until prepared to be sold. In order to have an effective Land Reutilization Program, it is necessary from time to time to acquire other vacant and underutilized properties. 547-549 Parkwood Avenue was acquired by Columbus Urban Growth and will be held in the City's Land Bank and managed in accordance with the policies and procedures of the Land Reutilization Program. The Land Bank will transfer ownership back to Columbus Urban Growth once there is an acceptable redevelopment plan submitted for the parcel. This transfer of property will be done by virtue of a deed, which will be recorded in the Official Records of the County Recorder's Office.
FISCAL IMPACT: The maintenance of this parcel will be provided by the Environmental Blight Abatement unit.
Title
To authorize the acceptance and disposition of a deed for a parcel of land to be included in the Land Bank inventory.
Body
WHEREAS, Columbus Urban Growth Corporation, is the owner of the said real estate; and
WHEREAS, by virtue of said deed to the city of Columbus will be recorded in the Franklin County, Ohio, Recorder's Office; and
WHEREAS, the City desires to accept this deed for said property which will be held in the Land Bank Program and managed in accordance with the Land Reutilization Program's policies and procedures until such time that a redevelopment plan has been provided, now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City of Columbus hereby accepts the property described herein as:
OWNER PARCEL NUMBER ADDRESS
Columbus Urban Growth Corp. 010-011815 547-549 Parkwood
Section 2. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.