City of Columbus - File #: 0843-2010

• File #: 0843-2010
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/1/2010
• In control: Finance & Economic Development Committee
• On agenda: 6/14/2010
• Final action: 6/16/2010
• Title: To authorize the Director of the Development Department to execute those documents necessary to purchase that real property formerly known as Woodland Meadows in order to bring it into productive re-use; to amend the 2010 CIB; to transfer cash between projects within the same fund; to authorize and direct the City Auditor to transfer $2,000,000.00 from the Special Income Tax Fund to the Northland and Other Acquisitions Fund; to authorize the City Auditor to appropriate $2,010,000.00 within the Northland and Other Acquisitions Fund; to authorize the expenditure of $2,010,000.00 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($2,010,000.00).
• Sponsors: Andrew Ginther, Priscilla Tyson

Date	Ver.	Action By	Action	Result
6/16/2010	1	CITY CLERK	Attest
6/15/2010	1	MAYOR	Signed
6/14/2010	1	Columbus City Council	Approved	Pass
6/14/2010	1	COUNCIL PRESIDENT	Signed
6/3/2010	1	Dev Drafter	Sent for Approval
6/3/2010	1	CITY ATTORNEY	Reviewed and Approved
6/3/2010	1	Dev Drafter	Sent to Clerk's Office for Council
6/2/2010	1	FINANCE DIRECTOR	Reviewed and Approved
6/2/2010	1	Dev Drafter	Sent for Approval
6/2/2010	1	Auditor Reviewer	Reviewed and Approved
6/2/2010	1	CITY AUDITOR	Reviewed and Approved
6/2/2010	1	Dev Drafter	Sent for Approval
6/1/2010	1	Dev Drafter	Sent for Approval
6/1/2010	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
6/1/2010	1	Dev Drafter	Sent for Approval
6/1/2010	1	Finance Reviewer	Reviewed and Approved
6/1/2010	1	Finance Reviewer	Reviewed and Approved

Explanation

Background: The City of Columbus ("City") desires to purchase 52.1 +/- acres of real property situated generally north of Ruhl Avenue, east of Gould Road, south of Allegheny and west of James Road, more fully described in the body of this legislation. Frederick L. Ransier, as the Court Appointed Receiver in connection with that certain case known as Belfor USA Group, Inc. v. Woodland Meadows Partners, LLC, et al., Case No. 2:05-cv-01023 ("Federal Court Action") and on behalf of the fee simple owner Woodland Meadows Partners, LLC, desires to sell the property to the City. The purchase of the real property will create an opportunity to bring it into productive re-use, eliminate an attractive nuisance and to generate tax revenue for the City of Columbus. After investigation, the Department of Development has determined that the purchase of the property would be in the best interest of the City of Columbus and should be allowed. It is therefore necessary to expend $2,010,000.00 from the Northland and Other Acquisitions Fund 735 in order to purchase the subject real property.

Fiscal Impact: Bonds have yet to be sold for this project, necessitating a certification of $2,000.000.00 against the Special Income Tax Fund. Upon sale of bonds, this will be reimbursed

Emergency Justification: Emergency action is requested to allow the purchase of the subject real property without delay in order to comply with conditions imposed on the sale through foreclosure proceedings in Franklin County Common Pleas Court.


Title

To authorize the Director of the Development Department to execute those documents necessary to purchase that real property formerly known as Woodland Meadows in order to bring it into productive re-use; to amend the 2010 CIB; to transfer cash between projects within the same fund; to authorize and direct the City Auditor to transfer $2,000,000.00 from the Special Income Tax Fund to the Northland and Other Acquisitions Fund; to a...