Explanation
Background: This legislation authorizes the Director of the Department of Finance and Management to enter into a Real Estate Purchase Contract (“Contract”) with the Franklin County Board of Commissioners (“County”) that outlines the mutually agreed terms for the purchase of 410 South High Street, Columbus Ohio {Franklin County Parcel Numbers 010-066874 and 010-066679} commonly known as the Karnes Building and Dorrian Commons Park (“Real Estate”). The City, pursuant to Ordinance Number 0726-2021, entered into a Memorandum of Understanding (“MOU”) with the Franklin County Board of Commissioners on March 24, 2021 outlining the terms of the Contract and the parties now desire to enter in to the Contract. Pursuant to the MOU, the City and County intend to enter in the Contract within 90 days of executing the MOU. The City will acquire the site for the future construction of a new facility to house operations of the Franklin County Municipal Court and Municipal Court Clerk and other City offices associated with the Court.
Fiscal Impact: No funding is required for this legislation. However, the City and County have mutually agreed to a purchase price of $7,000,000.00 for the Real Estate. Payment of the purchase price is contingent upon the future appropriation by Columbus City Council of funds sufficient to pay the first half of the purchase price ($3,500,000.00) on or before March 1, 2022 and the future appropriation by Columbus City Council of funds sufficient to pay the second half of the purchase price ($3,500,000.00) on or before September 1, 2024.
Emergency action is requested in order to allow the parties to enter into the Contract at the earliest available time to allow the City and County to meet their goal of executing the Contract within 90 days of the MOU and to allow the City to move forward with the necessary contracts for the design and construction of the new Municipal Court facility.
Title
To authorize the Director of the Department...
Click here for full text