Explanation
Background: The City of Columbus ("City") is engaged in the Alum Creek Bike Trail (Academy Park to Main Street) Project. As part of the project it is necessary that the City acquire a 0.019 + acre parcel of real property, located in the vicinity of Holtzman Avenue and Bryden Road. S & G Properties is the owner of the aforementioned real property, which is adjacent to a City owned parcel. The City desires to exchange its parcel for the subject 0.019 + acre S & G Properties property. As a part of the exchange S & G Properties property will demolish the existing structures on the property and remove all debris. The Recreation and Parks Department has determined that the exchange of subject properties will not adversely affect the City and should be granted. The Department of Law, Real Estate Division has determined that the exchange will equally benefit both the City and S & G Properties; therefore no money will be involved. This legislation authorizes the Executive Director of the Recreation and Parks Department to execute those documents necessary to the exchange subject real properties.
Fiscal Impact: The exchange will equally benefit both the City and S & G Properties; therefore no money will be involved
Emergency Justification: Emergency action is requested; to satisfy one of the contingencies of the agreement is that City Council must approve the exchange on or before September 27, 2004.
Title
To authorize the Executive Director of the Recreation and Parks Department to execute a Real Estate Exchange Contract and any ancillary documents necessary to grant certain City owned real property, located in the vicinity of Holtzman Avenue and Bryden Road, to S & G Properties in exchange for certain real property, necessary to the Alum Creek Bike Trail (Academy Park to Main Street) Project; to waive the Land Review Commission provisions of the Columbus City Codes (1959) and to declare and emergency.
Body
WHEREAS, The City of ...
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