Explanation
BACKGROUND: One parcel currently held in the Land Bank has 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. 1743 E. Columbus Street (010-056656) will be sold to Taft Woodford, who will renovate the single-family home as his residence. The property will be transferred by deed and recorded in the Official Records of the Franklin County Recorder's Office.
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.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of one parcel of real property (1743 E. Columbus Street) held in the Land Bank pursuant to the Land Reutilization Program.
Body
WHEREAS, the Land Redevelopment Office was authorized to purchase the parcel from the United States Department of Housing and Urban Development through the Good Neighbor Program and accepted into the Land Reutilization Program by Ordinance 0106-2008, passed January 28, 2008; and
WHEREAS, a proposal for the sale of one parcel which has been acquired pursuant to Section 5722.06 for this program meet the Land Reutilization Program's Disposition Policies and Guiding Principles and has been approved; and
WHEREAS, such parcel of real estate is being sold at not less than fair market value in conformity with Ohio Revised Code Section 5722.07, competitive bidding is not required; and
WHEREAS, under 5722.07 "fair market value" means the appraised value of the nonproductive land made with reference to such redevelopment and reutilization restrictions as may be imposed by the electing subdivision as a condition of sale or as may be otherwise applicable to such land; 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; 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 and directed to execute any and all necessary agreements and deeds to convey title of the following parcel of real estate:
PARCEL NUMBER: 010-056656
ADDRESS: 1743 E. Columbus St., Columbus, Ohio 43206
PRICE: $5,000.00 plus a $38.00 recording fee
USE: Residential dwelling
Situated in the State of Ohio, County of Franklin, and in the City of Columbus;
Being 32.64 feet off the west side of Lot Number Two Hundred Eighty-three ( 283) and 16.12 feet off the east side of Lot Number Two Hundred Eighty-four(284) of Bullen's Livingston Gardens, as the same is numbered and delineated upon the recorded plat thereof, of record in Plat Book 14, Pages 2 and 3, Recorder's Office, Franklin County, Ohio.
Section 2. That for good cause shown, Section 329.29 of the Columbus City Codes, 1959, is hereby waived.
Section 3. 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 4. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.