Explanation
BACKGROUND: Authorization is needed for the Director of the Department of Development to enter into an option agreement to sell and transfer approximately 4.1+/- acres of land, located on the east side of Wheatland Ave, at the terminus of Glenview Boulevard to Wheatland Crossing Limited Partnership in exchange for the payment of $500,000. The property is a part of a 22.5 acre property acquired by the City from the State of Ohio in 2002. The sale is contingent on the allocation of 2013 Low Income Housing Tax Credits to fund a 60-unit senior housing development. This legislation authorizes the Director of Development to enter into the necessary option agreement or agreements as needed to sell and transfer of the property to Wheatland Crossing Limited Partner, a subsidiary of The Woda Group, Inc. On February 27, 2012, Council authorized the rezoning to permit the intended uses (Ord. No. 0328-2012).
FISCAL IMPACT: The sale proceeds to be received by the City shall be deposited as determined by the City Auditor.
EMERGENCY JUSTIFICATION: Emergency action is requested to enable the City to immediately enter into the necessary agreements allowing the buyer to meet the application deadlines established by the Ohio Housing Finance Agency, which is required to complete the development of the senior housing project on the property.
Title
To authorize the Director of the Department of Development to enter into an option agreement or agreements as needed to sell and transfer by quitclaim deed approximately 4.1+/- acres of land, located on the east side of Wheatland Ave, at the terminus of Glenview Boulevard to Wheatland Crossing Limited Partnership in exchange for the payment of $500,000.00; and to declare an emergency.
Body
WHEREAS, by Ordinance 1940-2002, Council Authorized the Director of the Department of Development to acquire 22.5+ located on the east of Wheatland Avenue and north of West Broad Street for $450,000 for future redevelopment; and
WHEREAS, Woda, LLC made application to the Land Redevelopment Office a proposal for the sale of the property and has been approved by the Land Redevelopment Office Administrator; and
WHEREAS, by Ordinance 0328-2012, Council authorized the rezoning of the site to the PUD-8, Planned Unit Development District to permit the intended use; and
WHEREAS, in order to complete the transfer of such property to Wheatland Crossing Limited Partnership, authority is needed for the Director of the Department of Development to execute any and all necessary agreements and quitclaim deeds of conveyance for the real property; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Land Redevelopment Office in that it is immediately necessary enable the City to enter into the necessary agreements allowing the buyer to meet the application deadlines established by the Ohio Housing Finance Agency, which is required to complete the development of the senior housing project on the property, all for the immediate preservation of 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 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 for the sale of the following described property, and to execute a quitclaim deed and any ancillary documents as may be necessary to transfer title thereto in exchange for the payment of $500,000.00;
PARCEL NUMBER: 010-267202 (part)
ADDRESS: 00 Wheatland Ave., Columbus, Ohio 43204
PRICE: $500,000
USE: Senior housing development
Parcel Description - 4.1 Acres
East side of Wheatland Avenue
North of West Broad Street
Situated in the State of Ohio, County of Franklin, City of Columbus, and being 4.1 acres of the 0.098 acre City of Columbus parcel designated as APN 010-267201 and described as follows:
Beginning, for Reference, at the southwest corner of said 20.098 acre tract, the same being the northwest corner of the 2.410 acre City of Columbus parcel designated as APN 010-267202, and in the east line for Wheatland Avenue, N 08° 26' 29" W, 1165.35 feet to the Point of Beginning;
Thence along the west, north, east and south perimeter of said 4.1 acre tract, the following courses;
N 08° 26' 29" W, 280.41 feet;
N 81° 33' 31" E, 169.39 feet;
S 74° 32' 14" E, 353.66 feet;
S 08° 20' 06" E, 406.37 feet;
S 81° 37' 58" W, 151.06 feet;
N 08° 21' 01" W, 69.93 feet;
N 53° 21' 06" W, 28.28 feet;
S 81° 39' 51" W, 116.06 feet;
N 08° 20' 09" W, 178.52 feet;
S 81° 39' 51" W, 205.32 feet to the Point of Beginning
Containing 4.1 acres, more or less. Subject, however, to all legal highways, easements and restrictions.
Section 2. That the sale proceeds to be received by the City shall be deposited as determined by the City Auditor.
Section 3. That for good cause shown, Section 329.29 of the Columbus City Codes, 1959, is hereby waived.
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.