Explanation
BACKGROUND: On September 9, 2013, City Council approved Ordinance 2120-2013 to authorize the Director of the Department of Development to enter into an option agreement to sell and transfer 1267-1271 Mt. Vernon Avenue (010-029517) to Columbus Metropolitan Housing Authority (CMHA) in exchange for the payment of $9,600.00. This legislation authorizes an assignment of the option agreement and the sale of the property to the Central Ohio Community Improvement Corporation (COCIC). COCIC owns the adjacent parcel, the former site of the Poindexter Tower, and entered into an agreement to sell the site to CMHA. By authorizing the direct transfer of the City owned parcel to COCIC, the site can be combined into one large parcel to allow the submittal of a subdivision plat prior to the transfer of the combined site to CMHA.
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. The City will receive $9,600 from the sale.
EMERGENCY JUSTIFICATION: Emergency action is requested to enable the City to immediately enter into the necessary agreements allowing the buyer to allow the development to start as soon as possible.
Title
To authorize the Director of the Department of Development, on behalf of the City of Columbus, to execute those documents as approved by the Department of Law, Division of Real Estate, necessary to enter into an option agreement or contract for the sale of 1267-1271 Mt. Vernon Avenue, to allow an assignment of the contract, and to execute a quitclaim deed and any ancillary documents as may be necessary to transfer title thereto to Columbus Metropolitan Housing Authority or the Central Ohio Community Improvement Corporation in exchange for the payment of $9,600; and to declare an emergency.
Body
WHEREAS, by Ordinance 2120-2013, Council authorized the transfer of 1267-1271 Mt. Vernon Avenue to the Columbus Metropolitan Housing Authority (CMHA), to redevelop the site for a multi-family development; and
WHEREAS, the authorization was contingent on the approval of the 2013 Choice Neighborhoods Initiative Implementation Grant, which was approved by the Department of Housing and Urban Development; and
WHEREAS, the Central Ohio Community Improvement Corporation (COCIC) obtained site control of the adjacent parcel, the former site of the Poindexter Tower development; and
WHEREAS, the City, COCIC, and CMHA desire to combine the City owned site with the larger COCIC site prior to conveyance to CMHA, since the combination will shorten the approval process for the development; and
WHEREAS, by Ordinance 1325-98, 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, or any other land acquired as part of the land reutilization program; and
WHEREAS, a proposal for the sale of the property which was acquired pursuant to Ohio Revised Code Section 5722.06 meets the Land Reutilization Program’s Disposition Policies and Guiding Principles and has been approved by the Land Redevelopment Office Administrator; and
WHEREAS, in conformity with Ohio Revised Code Section 5722.07, the property will be sold at not less than fair market value, defined as the appraised value of the nonproductive land made with reference to any redevelopment and reutilization restrictions as may be imposed by the electing subdivision as a condition of sale or as may otherwise be applicable to such; therefore, competitive bidding is not required; 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 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 to enter into said agreements to allow the buyer to start development as soon as possible, 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, on behalf of the City of Columbus, is hereby authorized to execute those documents as approved by the Department of Law, Division of Real Estate, necessary to enter into an option agreement or contract for the sale of 1267-1271 Mt. Vernon Avenue, to allow an assignment of the contract, and to execute a quitclaim deed and any ancillary documents as may be necessary to transfer title thereto to Columbus Metropolitan Housing Authority or the Central Ohio Community Improvement Corporation in exchange for the payment of $9,600:
PARCEL NUMBER: 010-029517
ADDRESS: 1267-1271 Mt. Vernon Ave., Columbus, Ohio 43203
PRICE: $9,600
The following described real estate is situated in the County of Franklin, in the State of Ohio, and in the City of Columbus, and bounded and described as follows:
Being One Hundred feet (100) off the North end of Lot No. (1) of Methauser and Rankin Subdivision of Lots No. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 44, and 45 of Bethausen, Rankins, Samuel and Walker’s Subdivision of Lot No. One (1) of Mann’s Heirs Subdivision and Lots No. 2, 3, 4, 5, 6, 7, 8, 9 and 10 of Theodor H. Butler’s Subdivision of Lots No. Two (2) and Three (3) of Mann’s Heirs Subdivision of lands in Half Section 14, Township 5, Range 22, Refugee Lands, as partitioned in case of Samuel Hardesty and Wife vs. The Heirs of Tabitha Mann, as the Same are delineated and numbered in Plat Book 4, page 54, Recorder’s Office, Franklin County, Ohio.
SECTION 2. For the property stated in Section 1, that the Director of Development is hereby authorized to execute any agreement, deed restriction, or mortgage to ensure compliance with Land Bank Program rules and the submitted application and to release such restriction or mortgage upon compliance.
SECTION 3. That for good cause shown, the provisions of City Code Chapter 329 relating to the sale of city-owned realty are hereby waived.
SECTION 4. That Council hereby finds that the selection process utilized in this matter is in accordance with the Land Bank Disposition Process created pursuant to the City’s Land Reutilization Program and hereby approves the same.
SECTION 5. 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. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.