Explanation
BACKGROUND: Four 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. These parcels will be purchased by Michael Pellegrini for new construction infill at 487 Second Avenue, 1546 Twenty-sixth Avenue, 264 S. Hague Avenue and 835 Wilson Avenue.
FISCAL IMPACT: No funding is required for this legislation. 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 four 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 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 two parcels which have been acquired pursuant to Section 5722.03;one parcel acquired pursuant to Section 5722.04; and one parcel 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 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, 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; 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: 010-024960
ADDRESS: 487-489 East Second Avenue.
PRICE: $500.00
USE: New construction single family home at 487 Second Avenue.
Legal description:
Being Lot Number Seventy-Five (75) of Terrace View Addition, as the
same is numbered and delineated upon the recorded plat thereof, of
record in Plat Book 4, page 250, Recorder's Office, Franklin County,
Ohio
Parcel No. 010-024960
PARCEL NUMBER: 010-016432
ADDRESS: 264 S. Hague Avenue
PRICE: $500.00
USE: New construction single family home at 264 S. Hague Avenue
Legal description:
Being Lot 773 of Wicklow Extension Addition, as the same is numbered and
delineated upon the recorded plat thereof, of the record in Plat Book 7,Page 65,
Recorder's Office, Franklin County, Ohio
Parcel No. 010-016432
LAST TRANSFER OR RECORD: O.R. 199710310132073
PARCEL NUMBER: 010-060202
ADDRESS: 1545 Twenty-sixth Avenue
PRICE:$500.00
USE: New construction single family home at 1545 Twenty-sixth Avenue
Legal description:
Being Lot Number One Hundred Fifteen (115), of Inniscrest, as the same is numbered and delineated upon the recorded plat thereof, of record in Plat Book 8, Page 15B, Recorder's Office, Franklin County, Ohio.
District/parcel : 010-060202
PARCEL NUMBER: 010-023319
ADDRESS: 835 Wilson Avenue
PRICE: $500.00
USE: New construction +.single family home at 835 Wilson Avenue
Legal description:
Situated in the State of Ohio, County of Franklin, and in the City of
Columbus, and bounded and described as follows:
Being Lot Number Fifty-eight(58) of J.A. McAuley's AUBURNDALE
ADDITION, as the same is numbered and delineated upon the recorded plat thereof,
Of record in Plat Book No. 5, Pages 76 and 77, Recorder's Office, Franklin County,
Ohio
Being more commonly know as : 835 Wilson Avenue, Columbus, Ohio 43206
Franklin County Tax Parcel No. 010-023319.
Prior Instrument Reference: D.B.Vol.3700, Pg. 464
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 provided by law.