Explanation
BACKGROUND: Three properties 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. Three parcels, 157 Oakley (010-001177), 110 S. Harris (010-032073) and 675 Gilbert (010-039287), will be sold to Habitat for Humanity of Greater Columbus. The property will be transferred by deed, which will be recorded in the Official Records of the County Recorder's Office. The buyer intends to purchase these parcels to construct three new single-family homes.
FISCAL IMPACT: No funding is required for this legislation. 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 of these properties is requested in order to expedite the redevelopment efforts.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of three vacant parcels of real property held in the Land Bank pursuant to the Land Reutilization Program to Habitat for Humanity of Greater Columbus; and to declare an emergency. (AMENDED BY ORD. 0271-2009 PASSED 3/2/2009)
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 devo...
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