Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to execute all agreements and deeds for the conveyance of 32 parcels currently held in the Land Bank. The parcels will be conveyed to Southern Gateway Homes, LLC an entity established by the NRP Group and Community Development for All People to develop a total of 40 new houses within the Reeb-Hosack and Hungarian Village neighborhoods. The project is partially funded under the Neighborhood Stabilization Program 3.
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 required to expedite the transfer to reduce further deterioration of the structures and to immediately commence rehabilitation.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of 32 parcels of real property held in the Land Bank, pursuant to the Land Reutilization Program and Neighborhood Stabilization Program, to Southern Gateway Homes, LLC; 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 substantial amendment to the Consolidated Plan's 2008 Action Plan; and
Whereas, ordinances 0234-2009 and 0136-2009 authorized the Director of the Department of Development to acquire properties under the Neighborhood Stabilization Program and the expenditure of funds; and
Whereas, by Ordinance 2161-93 Council adopted and elected to use the Revised Code Chapter 5722, Land Reutilization Program, to facilitate effective...
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