Explanation
BACKGROUND: In order to have an effective Land Reutilization Program, it is necessary to acquire other vacant and underutilized properties. The property known as 1045 Cherry Street will be 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. This vacant property will be marketed for renovation of a multi-family structure.
FISCAL IMPACT: No funding is required for this legislation. 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 (1045 Cherry Street) to be held in the Lank Bank Inventory.
Body
WHEREAS, Donald Green, dba DFG2LLC, owner of the said real estate has agreed to donate this property to the City's Land Bank; and
WHEREAS, by virtue of said deed to the City of Columbus this deed will be recorded in the Franklin County, Ohio, Recorder's Office; and
WHEREAS, the City desires to accept the deed for said property 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 property described herein as:
Owner: Donald Green, dba DFG2LLC
Parcel: 010-055956
Address: 1045 Cherry Street
Being Lot No. 11 of Brown and Hoffman's Subdivisions, as the same is numbered and delineated upon the recorded plat thereof, of record in Plat Book 5, Page 91, Recorder's Office, Franklin County, Ohio.
Section 2. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.