Explanation
BACKGROUND: Twelve parcels 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 the real property. This legislation authorizes transfer of twelve 0000 Lawndale Ave. (010-114825); 0000 Lawndale Ave. Lot 4 (010-114838); 878 Lawndale Ave. (010-114826); 859 Lawndale Ave. (010-114839); 1974 Marston Rd. (010-167376); 2236 Sagamore Rd. (010-167384); 2423 Hanna Dr. (010-109222); 1732 Devonshire Rd. (010-166753); 1770 Devonshire Rd. (010-166748); 0000 Glendower Ave. (010-112744); 814 Glendower Ave. (010-115077); 877 Glendower Ave. (010-114780) to C Holdings LLC, who will construct single family homes on the vacant parcels under a new pilot program (Moderately Priced Housing Initiative). The parcels will be transferred by deed recorded in the Official Records of the Franklin County Recorder’s Office.
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 expedite the transfer in order to begin building and complete all of the 12 affordable houses before the cold weather causes delays.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of twelve parcels of real property (0000 Lawndale Ave.; 0000 Lawndale Ave, Lot 4; 878 Lawndale Ave.; 859 Lawndale Ave.; 1974 Marston Rd.; 2236 Sagamore Rd.; 2423 Hanna Dr.; 1732 Devonshire Rd.; 1770 Devonshire Rd.; 0000 Glendower Ave.; 814 Glendower Ave. and 877 Glendower Ave.) held in the Land Bank pursuant to the Land Reutilization Program and to declar...
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