Explanation
BACKGROUND: On December 3, 2012, Council passed Ordinance 2609-2012 authorizing the Director of Development to acquire properties within the East Franklinton Area to implement the East Franklinton Creative Community District Plan. The Development Department’s Land Redevelopment Office is working closely with the Franklinton Development Association to acquire strategic properties in support of that initiative. This legislation will increase the approved expenditure by an additional $410,000 allowing additional property acquisitions and provide funds needed to maintain the acquired properties. All properties will be acquired in the name of the City of Columbus, Land Reutilization Program to be held in the City’s Land Bank for future development consistent with the Plan’s recommendations.
FISCAL IMPACT: This legislation authorizes the transfer and expenditure of funds within the 2013 Capital Improvement Budget in Fund 735 Northland and Other Acquisitions.
EMERGENCY JUSTIFICATION: Emergency action is requested to begin the purchase of properties as soon as possible in order to facilitate the rehabilitation, redevelopment or demolition of same.
Title
To authorize the Director of the Department of Development, or designee, to acquire and maintain properties within the East Franklinton planning area and to execute any and all documents necessary for conveyance of title; to authorize the City Auditor to cancel an encumbrance; to amend the 2013 Capital Improvements Budget; to authorize the appropriation of $239,791.32 in the Northland and Other Acquisitions Fund; to transfer cash between projects within the Northland and Other Acquisitions Fund; to authorize the expenditure of $410,000.00 from the Northland and Other Acquisition Fund; and to declare an emergency. ($410,000.00)
Body
WHEREAS, City Council approved Ordinance 2315-2012 to adopt the East Franklinton Creative Community District Plan to guide future redevelopment efforts; and
WHEREAS, Cit...
Click here for full text