Explanation
BACKGROUND: Authorization is needed for the Director of the Department of Development to enter into an option or sales agreement to sell and transfer approximately 3.35+/- acres of land, located at the southwest corner of Parsons and Innis Avenues, commonly referred to as 1846 South Washington Avenue, to Parsons One, LLC in exchange for the payment of $125,625.00. The property was acquired by Columbus Urban Growth and by the City Land Bank Program for future redevelopment. The property is located adjacent to the former Schottenstein Department store site and future Maloney Southside Health Center. This legislation authorizes the Director of Development to enter into the necessary agreements as needed to sell and transfer of the property to Parsons One, LLC in order to develop senior housing along Washington Avenue and commercial uses fronting Parsons Avenue. On December 5, 2011, Council authorized the rezoning of the property to permit the intended uses (Ord. No. 2035-2011).
FISCAL IMPACT: The sale proceeds to be received by the City shall be deposited as determined by the City Auditor.
EMERGENCY JUSTIFICATION: Emergency action is requested to enable the City to immediately enter into the necessary agreements allowing the buyer to meet the application deadlines established by the Ohio Housing Finance Agency, which is required to complete the development of the senior housing project on the property.
Title
To authorize the Director of the Department of Development to enter into an option agreement or agreements as needed to sell and transfer by quitclaim deed approximately 3.35+/- acres of land, located at the southwest corner of Parsons and Innis Avenues, commonly referred to as 1846 South Washington Avenue, to Parsons One, LLC in exchange for the payment of $125,625.00; and to declare an emergency.
Body
WHEREAS, by Ordinance 1325-98, Council adopted and elected to use the Revised Code Chapter 5722, Land Reutilization Program, to faci...
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