Explanation
Background: This legislation authorizes the Director of the Department of Finance and Management to accept a deed to the City of Columbus for that certain improved real property identified as 1402-1418 Cleveland Avenue, Columbus, Ohio 43221, Franklin County Tax Parcel 010-052658. The property will be transferred to the City by a general warranty deed recorded in the Official Records of the Franklin County Recorder's Office.
Emergency action is requested for approval of acceptance of the deed in order to allow recording of the deed at the earliest possible date.
Fiscal Impact: No funding is required for this legislation.
Title
To authorize the Director of Finance and Management to accept a deed for real property located at 1402-1418 Cleveland Avenue, Columbus, Ohio 43211 and to execute any and all necessary agreements and documents for the conveyance of the same; and to declare an emergency.
Body
WHEREAS, the 1410 Cleveland Avenue LLC is the owner of certain improved real property and mixed-use commercial building located at 1402-1418 Cleveland Avenue, Columbus, Ohio 43211; and
WHEREAS, 1410 Cleveland Avenue LLC wishes to transfer ownership of the improved real property and mixed-use commercial building to the City; and
WHEREAS, the City desires to accept the property; and
WHEREAS, the property will be transferred to the City by a general warranty deed recorded in the Franklin County, Ohio Recorder's Office; and
WHEREAS, an emergency exists in the usual daily operation of the City, that it is necessary to authorize the Director of the Department of Finance and Management to accept a deed for that improved real property identified as 1402-1418 Cleveland Avenue Columbus, Ohio 43211 and to execute any and all necessary agreements and documents for the conveyance of the same to the City from 1410 Cleveland Avenue LLC, for city-operation purposes and related ancillary uses 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 Finance and Management, on the behalf of the City, be, and hereby is, authorized to accept a General Warranty Deed and execute any and all necessary agreements and documents for the conveyance of the same, as approved by the Department of Law, Division of Real Estate, for that certain improved real property identified as 1402-1418 Cleveland Avenue, Columbus, Ohio 43211, Franklin County Tax Parcel 010-052658.
SECTION 2. That for 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 its passage if the Mayor neither approves nor vetoes the same.