City of Columbus - File #: 1604-2010

• File #: 1604-2010
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/29/2010
• In control: Recreation & Parks Committee
• On agenda: 12/6/2010
• Final action: 12/9/2010
• Title: To authorize the Director of the Recreation and Parks Department to execute those documents necessary to enter in an Agreement Regarding Real Estate Tax and Assessment Proration by and between the City of Columbus and the New Albany Company LLC, a Delaware limited liability company; to accept 8.422 +/- acres of real property, located near Central College Road and New Albany Road West, as future water management and wetland restoration property; and to declare an emergency

Date	Ver.	Action By	Action	Result
12/9/2010	1	CITY CLERK	Attest
12/7/2010	1	MAYOR	Signed
12/6/2010	1	Columbus City Council	Approved	Pass
12/6/2010	1	COUNCIL PRESIDENT	Signed
11/15/2010	1	Rec & Parks Drafter	Sent for Approval
11/15/2010	1	CITY ATTORNEY	Reviewed and Approved
11/15/2010	1	Atty Drafter	Sent to Clerk's Office for Council
11/12/2010	1	REC & PARKS DIRECTOR	Reviewed and Approved
11/12/2010	1	Rec & Parks Drafter	Sent for Approval
11/11/2010	1	Rec & Parks Drafter	Sent for Approval
11/4/2010	1	Atty Reviewer	Reviewed and Approved
11/4/2010	1	Atty Drafter	Sent for Approval
11/2/2010	1	Atty Drafter	Sent for Approval

Explanation

Background: The New Albany Company LLC, ("NACO"), a Delaware limited liability company, is owner of approximately 8.422 +/- acres of real property, located in the vicinity of Central College Road and New Albany Road West, which it desires to transfer and donate to the City of Columbus ("City"). The City desires to accept the NACO parcel as future water management and wetland restoration property. As a term of the City's acceptance of the park parcel, NACO and City desire to enter into an Agreement Regarding Real Estate Tax and Assessment Proration at the same time as the transfer of the park parcel in order to provide for the responsibility, liability and payment of all real estate taxes and assessments, which are or may later become retroactively applicable to the parcel. NACO agrees to be responsible for certain service payments pursuant to R.C. §5709.42 and/or revaluation of the parcel, for all previous years and including the entire 2010 tax year, up to and through December 31, 2010. The City shall only be responsible for any taxes applicable to the Premises/Park Parcel for the tax year 2011 and beyond. After investigation by the Department of Recreation and Parks, it is determined to be in the best interest of the City to accept the donated parcel. The following legislation authorizes the Director of the Department of Recreation and Parks to enter into an Agreement regarding real estate tax and assessment proration for the acceptance of the NACO property more fully described within the body of this ordinance.

Fiscal Impact: N/A

Emergency Justification: Emergency action is requested as to allow for the immediate acceptance of the subject real property to be used as parkland for the immediately benefit of the City of Columbus.

Title

To authorize the Director of the Recreation and Parks Department to execute those documents necessary to enter in an Agreement Regarding Real Estate Tax and Assessment Proration by and between th...