Explanation
BACKGROUND: Three parcels 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. 453-55 Taylor Avenue (010-081956) and 449-51 Taylor Avenue (010-067264 and 010-020921) will be sold to Jim Hassey, who will renovate the structures for low to moderate income tenants. The Land Bank acquired the two-family homes from Columbus Urban Growth Corporation. The properties will be transferred by deed and recorded in the Official Records of the County Recorder's Office.
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 property and such other expenses of the program as the City may apportion to such property from the sale proceeds.
EMERGENCY JUSTIFICATION: Emergency action for these properties is requested in order to expedite the transfer to accommodate the buyer's renovation schedule.
Title
To authorize the Director of the Department of Development or his designee to execute any and all necessary agreements and deeds for conveyance of title of three parcels of real property (453-55 Taylor Avenue and 449-51 Taylor Avenue) held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
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 three parcels which have been acquired pursuant to Sections 5722.06 for this program to 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, 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
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Land Redevelopment Office in that it is immediately necessary to convey title of said parcels of real estate in order to expedite the transfer to accommodate the buyer's renovation schedule, all for the immediate preservation of 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: 010-081956
ADDRESS: 453-55 Taylor Ave.
PRICE: $17,500 plus recording fee of $38.00
USE: Renovate two-family house for rental
Situated in the County of Franklin in the State of Ohio and in the City of Columbus, more specifically described as:
Being at a point in the west line of Taylor Avenue forty (40) feet north of the north line of an alley deeded to the City of Columbus, Ohio by David E. Henderson and LuLu W. Henderson, his wife, July 29, 1926, by deed of record in Deed Book 834, Page 261; thence west one hundred and forty feet (140) to the east line of a private alley; thence north along the east side of the said alley thirty-nine and eighty-three one hundredths (39.83) feet to a point; thence east on a line parallel to the first line described, one hundred and forty (140) feet to the west line of Taylor Avenue thirty-nine and eighty-three one hundredths (39.83) feet to the place of beginning.
PARCEL NUMBERS: 010-067264 and 010-020921
ADDRESS: 449-51 Taylor Ave.
PRICE: $17,500 plus recording fee of $38.00
USE: Renovate two-family house for rental
Situated in the County of Franklin in the State of Ohio and in the City of Columbus, more specifically described as:
Being a part of the Irene E. Moore tract as shown of record in Deed Book 1434, Page 354, Recorder's Office, Franklin County, Ohio and bounded and described as follows:
Beginning at an iron in the southwest corner of the Irene E. Moore tract and in the north line of a 10-foot alley deeded to the City of Columbus by Ordinance Number 37.413 of record in Deed Book 834, Page 261, thence along the east line of a 20-foot alley and the west line of the Moore tract, northerly 23.44 feet to an iron pin; thence easterly (passing through the partition wall of a double), 140 feet to an iron pin in the west line of Taylor Avenue; thence along the line southerly 21.27 feet to an iron pin; thence along the south line of the Moore tract and the north line of beginning.
Beginning at an iron pin in the west line of the Irene E. Moore tract and being northerly 23.44 feet from an iron pin in the north line of a 10-foot alley deeded to the City of Columbus by Ordinance Number 37.413 of record in Deed Book 834, Page 261; thence along the west line of the Moore tract, northerly 16.36 feet to an iron pin; thence along the south line of the N. Jeannette McDowell tract, easterly 140 feet to an iron pin in the west line of Taylor Avenue: thence along the west line of Taylor Avenue southerly 18.73 feet to an iron drill hole; thence westerly (passing through the partition wall of a double) 140 feet to the place of beginning.
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 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.