Explanation
Background: Columbus Metropolitan Housing Authority owns 5 lots located on St Clair Avenue. Through the Urban Infrastructure Recovery Fund process, these parcels are to be acquired by the City of Columbus and developed into a neighborhood park/playground. After investigation, the Department of Recreation and Parks has determined that the purchase of the property would be in the best interest of the City of Columbus and should be allowed. The following legislation authorizes the Director of the Recreation and Parks Department to execute those documents necessary to enter into a real estate purchase contract by and between the City of Columbus, Ohio and the Columbus Metropolitan Housing Authority for the purchase of those 5 properties identified for park use, and to expend $41,000.00 for cost relevant to its acquisition.
Fiscal Impact: The Recreation and Parks Department has determined that the funding necessary for this purchase will come from the Recreation and Parks Voted 1999/2004 Bond Fund to meet the financial obligation of this project
Emergency Justification: An emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary 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 to execute those documents necessary to enter into a purchase contract with Columbus Metropolitan Housing Authority for 5 parcels of real property located on St. Clair Avenue, to be acquired the City and developed into a neighborhood park and playground; to expend $41,000.00 from the Recreation and Parks Voted 1999/2004 Bond Fund and to declare an emergency. ($41,000.00).
Body
WHEREAS, Columbus Metropolitan Housing Authority owns 5 lots located on St Clair Avenue; and
WHEREAS, through the Urban Infrastructure Recover...
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