Explanation
BACKGROUND: The Poindexter Tower located at 240 N. Champion in the City of Columbus was a former Columbus Metropolitan Housing Authority complex that sold to a private developer and converted into condominiums in the late 1990's. Through no fault of the residents, the building fell into such a state of disrepair that it was no longer habitable and the residents had to be relocated. The now-vacant Poindexter Tower has been thoroughly vandalized and has become blight on the landscape of the neighborhood. The Franklin County Treasurer, Richard Cordray, seeks to implement a process by which disparate ownership of the condominium units can be re-consolidated into a more unified ownership. A single owner can facilitate redevelopment of the property. Because of the history of the site, Franklin County is in a better position to facilitate the Land Bank effort of this property. In order for Franklin County to acquire for land bank purposes a property within the City boundaries, City Council must pass an ordinance consenting the release of such property. Once this ordinance has been enacted, certified copies of the ordinance are delivered to the Franklin County Auditor, Treasurer and Prosecuting Attorney.
Emergency action is requested in order to facilitate redevelopment of the property.
FISCAL IMPACT: Upon acquisition of individual units of the Poindexter Tower by Franklin County or the Central Ohio Community Improvement Corporation, departments will absorb any previously accrued liens or charges against the property or its individual condominium units.
Title
To consent the release of parcels to Franklin County under the provisions of Chapter 5722 of certain vacant, nonproductive land situated within the boundaries of the City of Columbus known as the Poindexter Tower located at 240 N. Champion for the purpose of facilitating the return of this vacant, non-productive tax delinquent property to a tax revenue generating status and/or...
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