Explanation
BACKGROUND: Four 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 the real property. This legislation authorizes the Director of Development to transfer:
· One parcel located at 125 South Cypress Ave (010-027971) to Fred H. and Betty J. Bergunzi
· One parcel located at 311 Wrexham Ave (010-002680) to Robin Schulze-Fairchild
· One parcel located at 1996 Joyce Ave (010-098776) to Jean L. Dennis
· One parcel located at 511-513 Kimball Place (010-020878) to Kings Kids Learning Center
All purchasers will maintain each respective vacant parcel as a side yard expansion. The parcels will be transferred by deed recorded in the Official Records of the Franklin County Recorder's Office.
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 Legislation is requested to expedite the transfer and decrease Land Bank maintenance costs.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of four parcels of real property held in the Land Bank pursuant to the Land Reutilization Program and Neighborhood Stabilization Program; and to declare an emergency.
Body
WHEREAS, ordinance 1860-2008 adopted the City's Neighborhood Stabilization Program, authorized the filing of the City's Neighborhood Stabilization Program application with the United States Department of Housing and Urban Development, and made a substantial amendment to the Co...
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