Explanation
BACKGROUND: Two parcels 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 the real property. 2180 Delavan Dr. (010-167322) and 2321 Dunning Ct. (010-153175) will be sold to Antranik Baghasarian who will rehabilitate the existing single family dwellings and maintain them as rental property. The property will be transferred by deed and recorded in the Official Records of the Franklin County Recorder's Office.
EMERGENCY JUSTIFICATION: Emergency action is requested in order to expedite the transfer so the buyer can begin the renovation of the houses immediately.
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.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of two parcels of real property (2180 Delavan Dr. and 2321 Dunning Ct.) held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, the Land Redevelopment Office was authorized to purchase the parcels from the United States Department of Housing and Urban Development through the Good Neighbor Program and accepted into the Land Reutilization Program by Ordinance 0106-2008, passed January 28, 2008; and
WHEREAS, a proposal for the sale of two parcels which were acquired pursuant to Section 5722.06 for this program meet the Land Reutilization Program's Disposition Policies and Guiding Principles and has been approved; and
WHEREAS, in order to complete the transfer of such prop...
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