Explanation
BACKGROUND: This legislation authorizes the Director of Development to accept the donation of two parcels located on Merrimac Street (Franklin County Tax Parcels 010-077927 and 010-077931) into the City's Land Bank and to transfer the parcels to Habitat for Humanity of Greater Columbus. Habitat for Humanity will construct two new houses for homeownership under the Neighborhood Stabilization Program. The parcels will be transferred by deed recorded in the Official Records of the Franklin 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 land and such other expenses of the program as the City may apportion to such land from the sale proceeds.
EMERGENCY JUSTIFICATION: Emergency action is requested to expedite the transfer in order to start construction immediately.
Title
To authorize the Director of the Department of Development to accept a deed for two parcels of real property (00000 Merrimac Street) into the City's Land Bank inventory and to execute any and all necessary agreements and deeds for conveyance of title of the same pursuant to the Land Reutilization Program: and to declare an emergency.
Body
WHEREAS, the Owner of the real estate has agreed to donate these properties to the City's Land Bank; and
WHEREAS, the parcels will be acquired pursuant to Ohio Revised Code Section 5722.06 and in accordance with the Land Reutilization Program's policies, procedures, and guiding principles and the acquisition has been approved by the Land Redevelopment Office Administrator; and
WHEREAS, the property will be transferred to the City by deed recorded in the Franklin County, Ohio Recorder's Office; and
WHEREAS, the City desires to accept the property described below; and
WHEREAS, a proposal for the sale of the proper...
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