Explanation
BACKGROUND: One property 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. This parcel will be purchased by Reynolds Family
Homes for construction of a single- family home.
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.
EMERGENCY
JUSTIFICATION: Emergency legislation is requested to prevent delay in the construction of the home.
Title
To authorize the Director of Department of Development to execute any and all necessary agreements and deeds for conveyance of title of one parcel of real property held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency. (2402 Palmetto Street)
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 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; and
WHEREAS, a proposal for the sale of one parcel which has been acquired for this program meet the Land Reutilization Program's Disposition Policies and Guiding Principles and have been approved; and
WHEREAS, such this one parcel of real estate 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 Department of Development to execute any and all necessary agreements and deeds of conveyance for such real property; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Office of Land Management, in that it is immediately necessary to convey said parcel of real estate from the City's Land Bank in order to meet developer's project schedule thereby preserving 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 and directed to execute any and all necessary agreements and deeds to convey title of the following parcels of real estate:
PARCEL NUMBER: 010-007073
ADDRESS: 2402 Palmetto Street
PRICE: $500.00
USE: Construction of single-family home
Section 2. 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.