Explanation
BACKGROUND: Council adopted Revised Code Chapter 5722 Land Reutilization Program by Ordinance 2161-93 to facilitate
effective reutilization of nonproductive land within the City's boundaries to foster either the return of such land
to tax revenue generating status or retention for public use. One (1) property currently held in the Land Bank
has been approved for disposition. In order to complete the transfer authorization is needed for the Director of
Department of Development to execute deeds for conveyance of such real property.
FISCAL IMPACT: 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 Emergency action is requested to meet the developer's project timeline.
JUSTIFICATION:
Title
To authorize the Director of the Department of Development to execute deeds for conveyance of title of one parcel of real property (1431 Cleveland Avenue) 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 conveyance in lieu of foreclosure to foster either return of such land to tax revenue generating status or its devotion to publ...
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