Explanation
BACKGROUND: Two parcels currently held in the Land Bank have been approved for disposition. In order to complete the transfer, authorization is needed for the Director of the Department of Development to execute any and all agreements and deeds for conveyance of such real property. These two parcels contain four lots that will be used in conjunction for a child development center facility jointly developed by The Ohio State University's Department of Ecology, the Columbus Board of Education (Weinland Park Elementary) and the Columbus Recreation and Parks Department.
FISCAL IMPACT: The City may first recover reimbursement of any and all expenses incurred on account of the acquisition, administration, management, maintenance, and disposition of such land and such other expenses of the program as the City may apportion to such land from the sale proceeds.
EMERGENCY
JUSTIFICATION: Emergency action is requested to meet the developer's project timeline.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title to two (2) parcels of real property (1298, 1316-1336 Summit Street) held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, by Ordinance 2161-93 Council adopted and elected to use the Revised Code Chapter 5722, Land Reutilization Program, to facilitate effective reutilization of nonproductive land acquired through a sale pursuant to a foreclosure proceeding initiated by the Franklin County Treasurer, or through a sale of forfeited lands by the Franklin County Auditor or through a conveyance in lieu of foreclosure to foster either return of such land to tax revenue generating status or its devotion to public use; and
WHEREAS, a proposal for the disposition of two parcels which had been acquired for this program meet the Land Reutilization Program's Disposition Policies an...
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