Explanation
Background: This ordinance authorizes the Finance and Management Director to acquire real property, consisting of approximately 6.5Acres +/-, commonly known as 4285 Groves Road, Columbus, Ohio 43232, and further identified as Franklin County Tax Parcel No. 010-201154. This site will serve primarily to support the needs of Department’s Facilities Management Division and other departmental needs and secondarily, will potentially support a unit of the Columbus Division of Police.
This legislation authorizes the Director of Finance and Management to execute those documents necessary to purchase the real property from Buckeye State 3530 LLC, a Delaware limited liability company, 390 E. Parkcenter Blvd., Ste. 200, Boise, Idaho 83706 and authorizes the amendment of 2022 Capital Improvements Budget appropriation and expenditure of funds in Fund 7733, the Construction Management Capital Improvements Fund in an amount up to Two Million Six Hundred Fifty Thousand Dollars ($2,650,000.00) for payment of all costs associated with the acquisition, securing of the real property and closing costs. The legislation is presented as an emergency measure
Fiscal Impact: Funding of $2,650,000.00 is budgeted and available within Fund 7733, the Construction Management Capital Improvements Fund to pay the costs associated with the acquisition and closing. A transfer of funding between projects will be necessary.
Emergency Justification: Emergency action is requested to allow for the immediate execution of the purchase agreement by the City so that the acquisition can proceed without delay in agreement with the closing transaction deadlines and other terms of the purchase agreement.
Title
To authorize the Director of Finance and Management to execute those documents necessary to acquire fee simple title and lesser interests to real property identified as Franklin County Tax Parcel 010-201154 located at 4285 Groves Road; to amend the 2023 Capital Improvement Bud...
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