Explanation
BACKGROUND: On January 30th, 2023, Columbus City Council passed Ordinance 0161-2023 to enter into an option agreement and sell 38 parcels to Healthy Linden Homes II, LLC to develop affordable rental housing. This legislation changes the entity name of 10 of the parcels to Healthy Linden Homes V, LLC or Healthy Linden Homes VI, LLC and adds one property to the agreement, 0000 Jefferson Ave. (010-075084). Parcels will be sold under the Land Bank’s Moderately Price Housing Initiative. 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 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 real property (2585 Hiawatha Ave., 0000 Jefferson Ave., 2371 Linden Ave., 1539 E 25th Ave, 1556 E 26th Ave., 2462-2464 Azelda St., 2585-2587 Osceola Ave., 1555-1557 Weber Rd, 2444 Renwood Pl., 2525 Renwood Pl. and 988 E 11th Ave.) held in the Land Bank 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 sale or as may otherwise be applicable to such; therefore, competitive bidding is not required; and
WHEREAS, On January 30th, 2023, Columbus City Council passed Ordinance 0161-2023 to enter into an option agreement and sell 38 parcels to Healthy Linden Homes II, LLC to develop affordable rental housing, and parties desire to amend the agreement with new entity names; 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; 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 to execute any and all necessary agreements and deeds to convey title to the following parcel of real estate to Healthy Linden Homes VI LLC:
PARCEL NUMBER: (010-042078)
ADDRESS: 2444 Renwood Pl., Columbus, Ohio 43211
PRICE: $5,031.00 plus a $195.00 processing fee
USE: Single Family New Build
PARCEL NUMBER: (010-059994)
ADDRESS: 2525 Renwood Pl., Columbus, Ohio 43211
PRICE: $5,119.00 plus a $195.00 processing fee
USE: Single Family New Build
PARCEL NUMBER: (010-052673)
ADDRESS: 988 E 11th Ave., Columbus, Ohio 43211
PRICE: $2,656.00 plus a $195.00 processing fee
USE: Single Family New Build
SECTION 2. 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 parcels of real estate to Healthy Linden Homes V LLC:
PARCEL NUMBER: (010-072865)
ADDRESS: 2585 Hiawatha Ave., Columbus, Ohio 43211
PRICE: $4,095.00 plus a $195.00 processing fee
USE: Single Family New Build
PARCEL NUMBER: (010-075084)
ADDRESS: 0000 Jefferson Ave, Columbus, Ohio 43211
PRICE: $4,795.00 plus a $195.00 processing fee
USE: ingle Family New Build
PARCEL NUMBER: (010-045973)
ADDRESS: 2371 Linden Ave., Columbus, Ohio 43211
PRICE: $4,032.00 plus a $195.00 processing fee
USE: Single Family New Build
PARCEL NUMBER: (010-060357)
ADDRESS: 1539 E 25th Ave, Columbus, Ohio 43211
PRICE: $3,037.00 plus a $195.00 processing fee
USE: Single Family New Build
PARCEL NUMBER: (0010-060824)
ADDRESS: 1556 E 26th Ave., Columbus, Ohio 43211
PRICE: $3,675.00 plus a $195.00 processing fee
USE: Single Family New Build
PARCEL NUMBER: (010-073017)
ADDRESS: 2462-2464 Azelda St., Columbus, Ohio 43211
PRICE: $4.095.00 plus a $195.00 processing fee
USE: Single Family New Build
PARCEL NUMBER: (010-074293)
ADDRESS: 2585-2587 Osceola Ave., Columbus, Ohio 43211
PRICE: $4,060.00 plus a $195.00 processing fee
USE: Single Family New Build
PARCEL NUMBER: (010-061595)
ADDRESS: 1555-1557 Weber Rd., Columbus, Ohio 43211
PRICE: $4,042.50 plus a $195.00 processing fee
USE: Single Family New Build
SECTION 3. 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.