Explanation
BACKGROUND: The City of Columbus, in partnership with The Ohio State University Medical Center and the Columbus Metropolitan Housing Authority, have substantial interest in and are committed to the vision of enhancing the quality of life on the near east side of Columbus by creating a healthy, financially and environmentally sustainable, community where residents have access to safe and affordable housing, quality healthcare, educational and employment opportunities.
The parties have agreed to work together in order to facilitate that vision: Partners Achieving Community Transformation (PACT). The principal goal of PACT is to develop a community plan through the services of a master planning entity aided by the input of the PACT governance structure, advisory committee and sub-committees. This plan, “Columbus Near East Side Blueprint for Community Investment,” was published in 2013.
The partners seek to attract high quality residential redevelopment and have asked the City’s Land Redevelopment Office to hold the properties until a plan to redevelop each property is realized. This legislation authorizes the Director of the Department of Development to enter into an agreement with PACT to hold the properties and transfer properties to PACT redevelopment. The legislation authorizes the Director of the Department to execute any and all agreements and deeds necessary for conveyance of title of properties acquired under the agreement and, in addition, convey title to properties acquired under the Land Reutilization Program which are located within the PACT boundaries. The properties will be held by the City’s Land Redevelopment Office, who will receive reimbursements for costs associated for holding the property and sale proceeds for properties acquired under the Land Reutilization Program.
FISCAL IMPACT: No funding is required for this legislation. The Land Redevelopment Office will receive funds to reimburse costs associated with holding property and...
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