Explanation
The City owns fee title to the real property located on Little Walnut Road, Ashville, Ohio 43103, Pickaway County Tax Parcel Number M3000040006600. The property was purchased by the Department of Public Utilities in 1995 for use in the South Wellfield Expansion Project as authorized by Ordinance #1963-77, passed by Columbus City Council in October, 1977 and Ordinance #1775-92, passed by Columbus City Council in July, 1992. Studies determined that the water table on the property is not suitable for use in that project, and recent review of the property did not identify any other use for City operations. The site is approximately 90.49 acres plus or minus and is surplus city property.
Ordinance No. 0402-2011, passed by Columbus City Council on 03/17/2011 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 Little Walnut Road property has been exposed to the market through public notices in the Columbus City Bulletin since 03/23/2010, by a commercial real estate listing since 04/11/2011, and by a "For Sale" sign on the property. The City has received multiple purchase offers 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 who presented the highest and best offer for the sale of the 90.49+/- acres on Little Walnut Road, Ashville, Ohio 43103.
This ordinance authorizes approval for the sale of that City owned real property and authorizes the Director of the Department of Finance and Management to execute those documents necessary to enter into a contract ...
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