Explanation
BACKGROUND: Three 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 property. Three houses will be sold to owner-occupants: 3189 Penfield Rd. (010-138581) will be sold to Helen M. Finney, 2370 Westwood Dr. (010-063151) will be sold to Janet L. Waller, and 2321 Dunning Ct. (010-153175) will be sold to Lavita J. Whitson. All three structures will renovate according to plans submitted with each application. The Land Bank acquired each house in 2008 from the Department of Housing and Urban Development. Each property will be transferred by deed and recorded in the Official Records of the County Recorder's Office.
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 property and such other expenses of the program as the City may apportion to such property from the sale proceeds.
EMERGENCY JUSTIFICATION: Emergency action for these properties is requested in order to expedite the transfer to the owners so they can start reconstruction and move in before the winter.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of three parcels of real property (3189 Penfield Rd., 2370 Westwood Dr. and 2321 Dunning Ct.) held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, 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 t...
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