Explanation
BACKGROUND: Three properties currently held in the Land Bank have 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. 6162 Hanby Square East (010-153317) will be sold to Raymond Wilkes who will rehabilitate the single family home and occupy it; 1690 Zettler Road (010-008266) will be sold to Denzill E. Cooper, who will rehabilitate the single family home and occupy it; 1540 Mt. Vernon Ave. (010-018966) will be sold to John Prater as a side yard expansion. The Land Bank acquired the two single-family homes in 2008 from the Department of Housing and Urban Development and acquired the lot from Columbus Urban Growth. The properties will be transferred by deed and recorded in the Official Records of the County Recorder's Office.
FISCAL IMPACT: No funding is required for this legislation. The City may first recover reimbursement of any and all expenses incurred on account of the acquisition, administration, management, maintenance and disposition of such property and such other expenses of the program as the City may apportion to such property from the sale proceeds.
EMERGENCY JUSTIFICATION: Emergency action is requested in order to expedite the transfer to the owners to start reconstruction before winter.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of three parcels of real property held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
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 Treasur...
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