Explanation
BACKGROUND: Four 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 such real property. Two vacant lots at 137 and 139 Guilford Ave. (010-004765 and 010-005129) will be sold to Habitat for Humanity of Greater Columbus who will construct 2 new single-family houses. A vacant lot at 937-39 Almond Alley (010-050496 and 010-027046) will be sold to Robert E. Henton, who is the adjacent property owner and will acquire this parcel to enlarge the existing property. The property will be transferred by deed, which will be 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 of these properties is requested in order to expedite the sale of the properties and to return these properties to tax generating, productive assets.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of four parcels of real property held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, by Ordinance 2161-93 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...
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