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 Sharon
Snyder of Snyder's Homes for rehabilitation of a residential two-family house.
Emergency justification is requested to prevent further vandalism and property crime of the parcel by allowing the buyer to take immediate ownership. This will enable the buyer to properly secure the property and begin rehabbing the property into productive use.
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 one parcel of real property (1839-1841 S. 5th Street) 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 one parcel which has been acquired for this program meets the Land Reutilization Program's Disposition Policies and Guiding Principles and has 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 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, Office of Land Management in that it is immediately necessary to convey title of said parcel of real estate, all for the immediate preservation of the public health, peace, property, safety and welfare; 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: 010-055002
ADDRESS: 1839-1841 S. 5th Street
PRICE: $6,500.00
USE: Rehabilitation of a two-family house
Being Lot Number Thirty Five (35) in Linton and McLarren's South Side Addition, as the same is numbered and delineated upon the recorded plat thereof, of record in Plat Book 348, page 1, Recorder's Office, Franklin County, Ohio.
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.