Explanation
Background:
This ordinance will authorize the Director of the Recreation and Parks Department to enter into a purchase contract with Capitol South Community Urban Redevelopment Corporation for the acquisition of the Old Deaf School Building, 400 East Town Street.
Capitol South Urban Redevelopment Corporation acquired the property at the request of the city in December 2004 at a cost of $1,800,000.
Capitol South Urban Redevelopment Corporation has managed the property and the tenants occupying the property from the time of the acquisition to the present incurring operating expenses of $252,923.
The Columbus Recreation and Parks Department is relocating their offices from the Whittier Peninsula to allow for the development of the Whittier Metro Park and Audubon Center. At the same time, the offices at 200 Greenlawn and City Hall will be moved to the new location.
The total amount of the expenditure, $2,052,923.00, includes the acquisition cost as well as the operating expenses incurred during the period from December 2004 to the present.
Emergency legislation is being requested to allow for the transfer of the property so that renovations can begin.
Fiscal Impact:
$2,052,923.00 is required and budgeted in the Voted 1999/2004 Parks and Recreation Bond Fund.
Title
To authorize the Director of the Recreation and Parks Department to enter into a purchase contract with Capitol South Community Urban Redevelopment Corporation for the acquisition of the Old Deaf School Building, 400 East Town Street, to authorize the expenditure of $2,052,923.00 from the Voted 1999/2004 Parks and Recreation Bond Fund, and to declare an emergency. ($2,052,923.00) (REPEALED BY ORD. 1005-2006 PASSED 06/05/2006)
Body
WHEREAS, the City of Columbus desires to purchase the property at 400 East Town Street; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to purchase said propert...
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