Explanation
BACKGROUND: One parcel currently held in the Land Bank has been approved for disposition and two parcels has been approved for acquisition. In order to complete the transfers, authorization is needed for the Director of the Department of Development to execute any and all agreements and deeds for conveyance of the real property. This legislation authorizes the transfer of one parcel located at 1240 Atcheson St. (010-022402) to the Cheryl C Heller an Ohio resident who will use this parcel as a sideyard to her owner occupied home in exchange for two adjacent parcels located at 1236 Atcheson St. (010-063790) and 0000 Atcheson St. (010-021245). The transfer allows the exchange of similarly sized parcels and will allow the applicant to own the land bank parcel directly next to her house. The parcels will be transferred by deed 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 trade.
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 (1240 Atcheson St.) held in the Land Bank to Cheryl C. Heller and to acquire 1236 Atcheson St and 0000 Atcheson St pursuant to the Land Reutilization Program.
Body
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 5722.03 or 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 trade 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; 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 to execute any and all necessary agreements and deeds to convey title to the following parcel of real estate to Cheryl C Heller:
PARCEL NUMBER: (010-022402)
ADDRESS: 1240 Atcheson St., Columbus, Ohio 43203
PRICE: $0.00
USE: Side Yard
SECTION 2. That the Director of the Department of Development is hereby authorized to execute any and all necessary agreements and deeds to receive title to the following parcels of real estate from Cheryl C Heller:
PARCEL NUMBER: (010-063790)
ADDRESS: 1236 Atcheson St., Columbus, Ohio 43203
PRICE: $0.00
USE: Affordable Housing Lot
PARCEL NUMBER: (010-021245)
ADDRESS: 0000 Atcheson St., Columbus, Ohio 43203
PRICE: $0.00
USE: Affordable Housing Lot
SECTION 3. That for the property stated in Sections 1 and 2, 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 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 this ordinance shall take effect and be in force from and after the earliest period allowed by law.