Explanation
Background: The City of Columbus, Department of Recreation and Parks, desires to enter into a purchase agreement with Blauser Capital, LLC., for 30.1 acres + of certain real property located in the vicinity of West Broad Street and Darby Creek Road. The subject land is to be purchased for park certain development and for a future recreation center. The contract is in the amount of $1,910,000.00, which includes $10,000 for incidental expenses related to the acquisition of the property. Therefore it is necessary to authorize the Director of the Recreation and Parks Department to execute those documents as approved by the Department of Law, Real Estate Division for the purchase of the aforementioned real property, and to expend $1,910,000.00 for cost relevant to its acquisition.
This ordinance will authorize the transfer of $490,305.68 within the
Voted 1999/2004 Parks and Recreation Bond Fund No. 702.
Fiscal Impact: $1,910,000 is budgeted in the Voted 1999/2004
Parks and Recreation Bond Fund to meet the financial obligation of
this project.
Emergency Justification: Emergency action is requested to allow this acquisition to proceed in agreement with the closing transaction deadline and other terms and conditions of the purchase contract.
Title
To authorize the Director of the Recreation and Parks Department of Recreation and Parks, to enter into a purchase agreement with Blauser Capital, LLC., for 30.1 acres + of certain real property located in the vicinity of West Broad Street and Darby Creek Road to be purchased for park development and for a future recreation center, to expend $1,910,000.00 from the Recreation and Parks Bond Fund; to authorize the transfer of $490,305.68 within the Voted 1999/2004 parks and Recreation Bond Fund, and to declare an emergency.
Body
WHEREAS, the City of Columbus, Recreation of Parks Department, desires to ent...
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