Explanation
BACKGROUND: Two properties currently held in the Land Bank have been approved for disposition. In order to complete the transfer, authorization is needed for the Director of the Department of Development to execute any and all agreements and deeds for conveyance of such real property. Greater Columbus Habitat for Humanity will purchase the properties located at 1517 Genessee Avenue and East 25th Avenue, Lot 105 for $500 each for the construction of single-family homes.
FISCAL IMPACT: The City may first recover reimbursement of any and all expenses incurred on account of this acquisition, 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.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of two parcels of real property held in the Land Bank pursuant to the Land Reutilization Program.
Body
WHEREAS, by Ordinance 2161-93, 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 land 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; and
WHEREAS, a proposal for the sale of two parcels which has been acquired for this program meets the Land Reutilization Program's Disposition Policies and Guiding Principles and has been approved; and
WHEREAS, such these two parcels of real estate are being sold at not less than fair market value in conformity with Ohio Revised Code Section 5722.07; 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 such real property; 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 and directed to execute any and all necessary agreements and deeds to convey title of the following parcels of real estate:
PARCEL: 010-002361 PARCEL: 010-098641
ADDRESS: 1517 Genessee Avenue ADDRESS: E. 25th Avenue, Lot 105
PRICE: $500.00 PRICE: $500.00
USE: Construction of single-family home. USE: Construction of single-family home
Section 2. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.