Explanation
Background:
This ordinance will authorize the Director of the Recreation and Parks Department and the Real Estate Division to enter into contract to purchase three (3) pieces of property on Nelson Road, as follows:
1) Holmes/Hill Property, 0 Nelson Road/undeveloped $20,000
2) Suel/Dent Property, 0 Nelson Road/undeveloped $14,000
3) Banks Property, 370 S. Nelson Road $24,000
The total amount of the expenditure, $58,000.00, includes the purchase price of the property, closing costs, title insurance, environmental assessments, and survey costs.
This is an Urban Infrastructure Recovery Fund project. These properties will be part of a project to clean up the area around Academy Park behind Cleo Dumaree Athletic Complex.
Emergency legislation is requested in order for acquisition to proceed in a timely manner as contracts are being signed and closing dates are being established based on this legislation.
Fiscal Impact:
$58,000.00 is required and budgeted in the Urban Infrastructure Recovery Fund.
Title
To authorize the Director of the Recreation and Parks Department and the Real Estate Division to execute those documents necessary to purchase three (3) properties on Nelson Road, to pay all costs associated with the purchase of said land, to authorize the expenditure of $58,000.00 from the Urban Infrastructure Recovery Fund, and to declare an emergency. ($58,000.00)
Body
WHEREAS, the City of Columbus desires to purchase three (3) pieces of property on Nelson Road; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to purchase said property to allow land acquisition to proceed in a timely manner as contracts are being signed and closing dates are being established basedon this legislation; now, therefore:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Recreation and Parks Department and the Real Estate Division be and are hereby authorized and directed to enter into a contract to purchase three (3) pieces of property on Nelson Road;
Section 2. That the expenditure of $58,000.00, or so much thereof as may be necessary, be and is hereby authorized from the Urban Infrastructure Recovery Fund No. 742, Dept. 44, as follows, to pay the cost thereof.
Fund Type Proj. No. Object Level 3 OCA Code Amount
Grant 440004 6601 543106 $58,000.00
Section 3. That the City Auditor is hereby authorized to transfer the unencumbered balance in a project account to the unallocated balance account within the same fund upon receipt of certification by the Director of the Department administering said project that the project has been completed and the monies are no longer required for said project; except that no transfer shall be so made from a project account funded by monies from more than one source.
Section 4. 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 its passage if the Mayor neither approves nor vetoes the same.