Explanation
Background: Three properties currently held in the Land Bank are 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 such real property. 847 Carpenter St. (010-004847), 870 Wager St. (010-005443), and 886 S. 18th St. (010-065089) will be sold to HNHF Realty Collaborative (HNHF) to develop one new and renovate two existing single-family houses. HNHF is a partnership between Nationwide Children's Hospital and Community Development for All People to develop houses as a part of the Healthy Neighborhoods, Healthy Families initiative in the Southern Orchards neighborhood in South Columbus. HNHF will sell the completed structures to homeowners. The properties will be transferred by deeds and recorded in the Official Records of the County Recorder's Office.
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.
Emergency Justification: Emergency action is requested to expedite the transfer of the property to allow the developer enter into a purchase contract with identified homeowners and immediately start construction.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of three parcels of real property held in the Land Bank pursuant to the Land Reutilization Program and Neighborhood Stabilization Program.; and to declare an emergency.
Body
Whereas, ordinance 1860-2008 adopted the City's Neighborhood Stabilization Program, authorized the filing of the Neighborhood Stabilization Program application with HUD, and made a...
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