Explanation
BACKGROUND: Authorization is needed for the Director of the Department of Development to enter into an option agreement to sell and transfer 38 parcels to Healthy Linden Homes II, LLC to redevelop into affordable rental housing. The sites are a part of an ongoing effort to provide affordable housing in the Linden neighborhood after the adoption of the One Linden Plan. Additional sites are being developed by Healthy Linden Homes in partnership with Central Ohio Community Land Trust (COCLT), resulting in a combination of affordable rental and homeownership housing in the same areas. This legislation authorizes both the option agreement and the sale of the parcels.
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 action is requested to enable the City to immediately enter into the necessary agreements allowing the buyer to purchase the first parcels under ordinance and start construction yet this spring.
Title
To authorize the Director of the Department of Development to enter into option agreements and to execute any and all necessary agreements and deeds for conveyance of title of thirty-eight (38) parcels of real property to Healthy Linden Homes II, LLC and to declare an emergency.
Body
WHEREAS, by Ordinance 1325-98, 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 Treasurer, or through a sale of forfeited lands by the Franklin County Auditor, or through a conveyance in lieu of foreclosure to foster either return of such land to tax revenue generating status or...
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