Explanation
BACKGROUND: This ordinance authorizes the purchase of a property necessary for the King Lincoln District Acquisition Project. This purchase will remove a vacant/abandoned property.
FISCAL IMPACT: It has been determined that funding for this expenditure will be from the Northland and other Acquisition Fund.
EMERGENCY JUSTIFICATION: Emergency action is requested in order to allow for immediate closing of said property.
Title
To authorize the Director of the Department of Development to enter into a purchase contract for the real estate located at 117 N. Seventeenth Street necessary for King Lincoln District Acquisition Project; to expend $19,900.00 from the Northland and Other Acquisition Fund; and to declare an emergency. ($19,900.00)
Body
WHEREAS, the Director of the Department of Development is being authorized to enter into a purchase contract for real property commonly known as 117 N. Seventeenth Street; and
WHEREAS, it is necessary to expend $19,900.00 from the Northland and Other Acquisition Fund in order to purchase the subject real property; and
WHEREAS, per Ordinance 1089-2004, the exercise of any option to purchase shall be contingent upon future ordinances appropriating and authorizing the expenditure of such funds as are necessary for such purchases; and
WHEREAS, the City desires to accept the deed for said property which will be held in the Land Bank Program
and managed in accordance with the Land Reutilization Program's policies and procedures; 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 purchase said property, 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 to enter into the Real Estate Purchase Contract for the real property located at 117 N. Seventeenth Street and ancillary documents as approved by the Department of Law, Real Estate Division, necessary for the purchase of that real property.
Section 2. That the expenditure of $19,900.00, or so much thereof as may be necessary, be and is hereby authorized from the Northland and Other Acquisition Fund, Fund 735, Capital Projects, Department 44-01, Project 441738, King Lincoln District Acquisition, Object Level Three 6601, OCA Code 441738.
Section 3. That for the reasons stated in the preamble hereto, which hereby made a part hereof, this ordinance is hereby declared 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 its passage if the Mayor neither approves nor vetoes the same.