Explanation
BACKGROUND: Council adopted a Land Reutilization Program (ORC5722) by Ordinance 2161-93 to facilitate effective reutilization of nonproductive land and buildings within the City's boundaries and to foster either the return of such land to tax revenue generating status or retention for public use. These properties are held and managed in the Land Bank until prepared to be sold. In order to have an effective Land Reutilization Program it is necessary from time to time to acquire other vacant and underutilized properties. These properties are held in the City's Land Bank and managed in accordance with the policies and procedures of the Land Reutilization Program. This transfer of property will be done by virtue of deeds, which will be recorded in the Official Records of the County Recorder's Office.
FISCAL IMPACT: The maintenance of this parcel will be provided by the Environmental Blight Abatement unit.
Title
To authorize the acceptance of a deed for a parcel of land to be held in the City's Land Bank inventory until a redevelopment project is identified.
Body
WHEREAS, the Columbus Compact Corporation is the owner of the said real estate; and
WHEREAS, by virtue of said deeds to the city of Columbus will be recorded in the Franklin County, Ohio, Recorder's Office; and
WHEREAS, the City desires to accept the deed(s) for said properties which will be held in the Land Bank Program and managed in accordance with the Land Reutilization Program's policies and procedures; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City of Columbus hereby accepts the properties described herein as:
OWNER PARCEL NUMBER ADDRESS
Columbus Compact Corporation 010-057080 913 E Mound Street
Section 2. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.