Explanation
BACKGROUND: Ordinance 1274-2023 authorized the Director of the Department of Development to transfer the Land Bank structure located at 536 Walnut St. (010-010628) to Columbus Landmarks Foundation. The City Land Bank program and Columbus Landmarks have partnered to stabilize the house and issue a joint Request for Proposals (RFP) to find a buyer who will renovate the structure in a historically appropriate manner. This Ordinance will repeal and replace 1274-2023, to change the buyer from Columbus Landmarks to Walnut Street Franklinton Partners, LLC, the winner of the RFP. The buyer will combine the structure with adjacent properties as a part of an adaptive reuse of three single-family homes for mixture of uses, including an art gallery, artist housing, and other commercial uses. Parties agreed to have the property transfer directly from the City to the buyer to allow the City to place standard land bank redevelopment restrictions on the transfer. A separate agreement between Columbus Landmarks and the buyer will place a historic easement on the site to ensure the structure is preserved in a historically appropriate manner.
FISCAL IMPACT: No additional funding is necessary.
Title
To repeal and replace Ordinance 1274-2023, passed by Columbus City Council on May 22, 2023; to authorize the Director of Development to execute any and all necessary agreements and deeds for conveyance of title of one parcel of real property (536 Walnut St.) held pursuant to the Land Reutilization Program.
Body
WHEREAS, on May 22, 2023, Columbus City Council passed Ordinance 1274-2023 authorizing the Director of the Department of Development to transfer the parcel located at 536 Walnut St. (010-010628) to Columbus Landmarks Foundation, for the sum of $50,000.00 plus a $195.00 processing fee.
WHEREAS, both Columbus Landmarks Foundation and the Department of Development seek to repeal and replace Ordinance 1274-2023 to change the buyer from the Columbus...
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