Explanation
BACKGROUND: This ordinance repeals Ordinance No. 1241-2010 and authorizes the Director of Finance and Management to execute those documents necessary to enter into a contract for the sale of that City-owned property commonly known as 2682 Cleveland Avenue, Columbus, Ohio 43211 to Hope Christian Ministries, 4523 Berthstone Drive, Columbus, Ohio 43231 for a purchase price of $72,500.00 and to execute a quitclaim deed and any ancillary documents necessary to grant fee simple title to said property.
Ordinance No.1241-2010, passed October 6, 2010, authorized the Director of Finance and Management to execute those documents necessary to enter into a contract for the sale of 2682 Cleveland Avenue, Columbus, Ohio 43211 to the Jeffrey Dean Foundation. The Jeffrey Dean Foundation failed to perform per the terms and conditions of its Real Estate Purchase Contract with the City. Accordingly, that contract is no longer valid thus necessitating the repeal of the earlier ordinance authorizing that sale and now authorizing the Finance and Management Director to enter into a contract for the sale of the same property to Hope Christian Ministries, 4523 Berthstone Drive, Columbus, Ohio 43231.
Fiscal Impact: Proceeds from this transaction shall be deposited in Fund 748, the General Permanent Improvement Fund.
Emergency Justification: Emergency action is requested to enable the City to immediately enter into contract and schedule a closing date, prior to year-end 2010, in order to allow the City to eliminate the cost associated with maintenance of this property and receive income of $72,500.00 from the proceeds of the sale.
Title
To authorize the Director of Finance and Management to execute those documents necessary to enter into contract for the sale of City-owned surplus property known as 2682 Cleveland Avenue, Columbus, Ohio 43211 to Hope Christian Ministries and to execute those documents necessary to grant fee simple title; to repeal Ordinance 1241-2010; and to declare an emergency.
Body
WHEREAS, pursuant to Ordinance No.1241-2010, the Director of Finance and Management entered into contract with the Jeffrey Dean Foundation for the sale of surplus City owned property known as 2682 Cleveland Ave, Columbus, Ohio 43211; and
WHEREAS, the Jeffrey Dean Foundation was unable to perform per the terms and conditions of the contract; and
WHEREAS, the City has received a purchase offer for said property from Hope Christian Ministries in the amount of $72,500.00 and with other terms acceptable to the City; and
WHEREAS, the Director of Finance and Management deems that it is in the best interest of the City to enter into a sales contract with Hope Christian Ministries for consideration in the amount of $72,500.00; and
WHEREAS, an emergency exists in the usual daily operations of the City, in that it is necessary to immediately authorize the Director of Finance and Management to execute those documents necessary to enter into a contract with Hope Christian Ministries for the sale of property located at 2682 Cleveland Avenue, and to execute a quitclaim deed and any ancillary documents necessary to grant fee simple title to the same real property thereby preserving 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 Finance and Management be and is hereby authorized to execute those documents on behalf of the City of Columbus, as approved by the Department of Law, Division of Real Estate, necessary to enter into contract with Hope Christian Ministries for the sale of City-owned property commonly known as 2682 Cleveland Avenue, Columbus, Ohio 43211, and to execute a quitclaim deed and any ancillary documents necessary to grant fee simple title to said property.
Section 2. That sale proceeds received by the City shall be deposited in Fund 748, the General Permanent Improvement Fund.
Section 3. That Ordinance No.1241-2010, passed October 6, 2010, is hereby repealed.
Section 4. 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.