Explanation
Background: Over the past two years the City has purchased key properties in the area of the Greater Parsons Avenue Area Vision Plan (Vision Plan) as the first step in revitalization. Properties have been identified for purchase to achieve substantial site control in the focus area between Innis and Barthman. This legislation authorizes the Director of Development to enter into purchase contracts and establishes funds for purchase, closing and predevelopment costs. The Land Redevelopment Office will oversee the purchase of these final properties and possible pre-development activities such as asbestos removal, demolition and utility capping. A plan for redevelopment of the Vision Plan area is being undertaken by City staff and area stakeholders.
Fiscal Impact: $250,000 in appropriation authority is available in the 2008 Capital Improvements Budget under Northland and Other Acquisitions Fund No. 735. This legislation includes an appropriation for an additional $900.
Emergency Justification: Emergency action is requested in order to meet deadlines for closing under the various real estate purchase contracts.
Title
To authorize the City Auditor to appropriate $900 in the Northland and Other Acquisitions Fund; to authorize the Director of Development to enter into purchase contracts for selected Parsons Avenue properties; to authorize the expenditure of up to $250,900 from the Northland and Other Acquisitions Fund for real property purchases and predevelopment costs; and to declare an emergency. ($250,900)
Body
WHEREAS, over the past two years the City of Columbus has purchased key properties in the area of the Greater Parsons Avenue Area Vision Plan achieving significant site control between Parsons and Washington and Innis and Barthman; and
WHEREAS, owners of the additional key properties have just recently agreed to sell to the City of Columbus; and
WHEREAS, the Land Redevelopment Office will oversee the purchase of th...
Click here for full text