Explanation
BACKGROUND: Ten properties currently held in the Land Bank have been approved for disposition. In order to complete the transfer, authorization is needed for the Director of the Department of Development to execute any and all agreements and deeds for conveyance of such real properties. Ten parcels will be purchased by Glavan Blackwell Resources, LLC. Nine of the ten parcels will be used for new construction of residential townhomes. One parcel (133 N. Monroe Avenue) will be utilized for new construction of a commercial building with residential units above.
EMERGENCY JUSTIFICATION: Emergency legislation is requested to expedite the sale of the parcels to the developer.
FISCAL IMPACT: No funding is required for this legislation. 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.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of ten parcels of real property known as the Monroe Avenue cluster currently (Monroe Avenue cluster) held in the Land Bank; to authorize the sale of said parcels for Thirty-Eight Thousand Dollars ($38.000); to waive the provisions of Section 329.29 of the Columbus City Codes, 1959, pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, the Monroe Cluster is comprised of ten parcels of real estate which are owned by the City of Columbus; 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 land...
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