Explanation
The City owns fee title to the real property located at 2682 Cleveland Avenue, Columbus, Ohio 43211, Franklin County Tax Parcel Number 010-059116. The property was formerly leased as the Linden's Veterans Center and was vacated in February 2006 upon termination of that lease.
Ordinance No. 1176-2009, passed by Columbus City Council on 11/17/2009 granted authority to the Director of the Department of Finance and Management to determine the current marketability of this property and to entertain discussions and negotiations with interested parties with respect to the sale of this property. The ordinance provided that any agreement for the sale of the property would require approval by subsequent Council ordinance.
The Cleveland Avenue property has been exposed to the market through public notices in the Columbus City Bulletin since 11/21/2009, by a commercial real estate listing since 12/08/2009, and by a "For Sale" sign on the property. The property has been shown to a number of interested parties and several purchase offers terms unacceptable to the City have been received . The City has now received a purchase offer within the estimated market value range for this property and with terms acceptable to the City. It is, therefore, deemed to be in the City's best interest to enter into a formal contract with the prospective purchaser for the sale of the property commonly known as 2682 Cleveland Avenue, Columbus, Ohio 43211and described as follows:
Being all of Lot No. 2 (67.31 feet frontage by plat and 67.40 feet frontage
by filed survey of Cleveland Avenue) and 12.60 feet off of the entire
north side of Lot No. 1 of Elmdale Addition as said addition is of record
in Plat Book No.7, Page 454, Recorder's Office, Franklin County, Ohio,
the intention being to describe a tract of land with 80 feet of frontage on
Cleveland Avenue, including any surplus in Lot No. 2.
This ordinance authoriz...
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