Explanation
BACKGROUND: One property currently held in the Land Bank has 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 such real property. This parcel will be purchased by Greater Columbus
Habitat for Humanity for construction of a single-family home.
FISCAL IMPACT: 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 prevent a delay in the construction of the home.
Title
To authorize the Director of Department of Development to execute any and all necessary agreements and deeds for conveyance of title of one parcel of real property held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency. (2913 Grasmere Avenue)
Body
WHEREAS, by Ordinance 2161-93 Council adopted and elected to use the Revised Code Chapter 5722, Land Reutilization Program, to facilitate effective reutilization of nonproductive land acquired through a sale pursuant to a foreclosure proceeding initiated by the Franklin County Treasurer, or through a sale of forfeited lands by the Franklin County Auditor or through a conveyance in lieu of foreclosure to foster either return of such land to tax revenue generating status or its devotion to public use; and
WHEREAS, a proposal for the sale of one parcel which has been acquired for this program meet the Land Reutilization Program's Disposition Policies and Guiding Principles and have been approved; and
WHEREAS, such this one parcel of real estate is being sold at not less than fair market value in conformity with Ohio Revis...
Click here for full text