Background
The City of Columbus, Ohio, an Ohio municipal corporation ("City"), owns fee title to real property located at 1716 Parsons Avenue, Columbus, Ohio 43207 [Franklin County Tax Parcel № 010-066800] (the "Property"). The Property formerly housed City Fire Station #14 until the City completed construction of the new Fire State #14 at 1514 Parsons Avenue, Columbus, Ohio 43207. As a result, the City no longer needed the Property for City operations and passed City Ordinance Number 1176-2009, which declared the Property as "surplus" and authorized the director of the Department of Finance and Management to market the Property for sale and to entertain discussions and negotiations with interested buyers provided City Council approve the Property's actual sale by a subsequent ordinance.
Since the passage of City Ordinance Number 1176-2009, the department of Finance and Management has been offering the Property for sale through public notice and commercial real estate listing services. The City received a purchase offer within the Property's estimated market value range and with terms acceptable to the department of Finance and Management and approved by the Columbus City Attorney from Bradley E. McClincy, an Ohio resident ("Buyer"). Accordingly, the department of Finance and Management reviewed this transaction and determined that it is in the City's best interest to enter into a contract for the sale of the Property with the Buyer for consideration of One Hundred Sixty-two Thousand and 00/100 U.S. Dollars ($162,000.00).
Therefore, this ordinance authorizes the director of the Department of Finance and Management to execute those documents, including but not limited to a real estate purchase contract and quit-claim deed, approved by the Columbus City Attorney to quit claim grant the Property to the Buyer in consideration of One Hundred Sixty-two Thousand and 00/100 U.S. Dollars ($162,000.00).
CONTRACT COMPLIANCE №: Not applicable.
FISCAL IMPACT: Proceeds from this transaction are required to be deposited in City Fund 748, the General Permanent Improvement Fund.
EMERGENCY JUSTIFICATION: Emergency action is requested so to not delay the City's contractual obligations to sell the Property to the Buyer, which will preserve the public peace, health, property, safety, and welfare.
Title
To authorize the director of the Department of Finance and Management to execute those documents, including but not limited to a real estate purchase contract and quit-claim deed, approved by the Columbus City Attorney to quit claim grant the City's surplus real property located at 1716 Parsons Avenue, Columbus, Ohio 43207 to Bradley E. McClincy, an Ohio resident, in consideration of One Hundred Sixty-two Thousand and 00/100 U.S. Dollars ($162,000.00); and to declare an emergency. ($0.00)
Body
WHEREAS, the City deemed the Property to be "surplus" pursuant to City Ordinance Number 1176-2009;
WHEREAS, City Ordinance Number 1076-2009 also authorized the department of Finance and Management to market the Property for sale and to entertain discussions and negotiations with interested buyers provided City Council approve the Property's actual sale by a subsequent ordinance;
WHEREAS, since the passage of City Ordinance Number 1176-2009, the department of Finance and Management has been offering the Property for sale through public notice and commercial real estate listing services;
WHEREAS, the City received a purchase offer within the Property's estimated market value range and with terms acceptable to the department of Finance and Management and approved by the Columbus City Attorney from the Buyer;
WHEREAS, the department of Finance and Management reviewed this transaction and determined that it is in the City's best interest to enter into a contract for the sale of the Property with the Buyer for consideration of One Hundred Sixty-two Thousand and 00/100 U.S. Dollars ($162,000.00);
WHEREAS, an emergency exists in the usual daily operations of the City, because it is immediately necessary to authorize the director of the Department of Finance to execute those documents, including but not limited to a real estate purchase contract and quit-claim deed, approved by the Columbus City Attorney to quit claim grant the Property to the Buyer in consideration of One Hundred Sixty-two Thousand and 00/100 U.S. Dollars ($162,000.00), which will allow the City to adhere to its contractual obligations with the Buyer and preserve the public health, peace, property, safety, and welfare; and now, therefore;
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS, OHIO:
SECTION 1. On behalf of the City of Columbus, Ohio, an Ohio municipal corporation ("City"), the director of the Department of Finance and Management is authorized to execute those documents, including but not limited to a real estate purchase contract and quit-claim deed, approved by the Columbus City Attorney to quit claim grant the City's surplus real property located at 1716 Parsons Avenue, Columbus, Ohio 43207 [Franklin County Tax Parcel № 010-066800] (the "Property") to Bradley E. McClincy, an Ohio resident, in consideration of One Hundred Sixty-two Thousand and 00/100 U.S. Dollars ($162,000.00).
SECTION 2. The proceeds from the sale of the Property are required to be deposited in City Fund Number 748, the General Permanent Improvement Fund.
SECTION 3. For the reasons stated in this ordinance's preamble, which are made a part of this ordinance, this ordinance is declared to be an emergency measure and is effective and in force from and after its passage and approval by the Mayor or ten (10) days after its passage if the Mayor neither approves nor vetoes this ordinance.