Explanation
BACKGROUND: Two parcels 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 the real property. This legislation authorizes the Director of Development to transfer two parcels located at 934 E. 13th Avenue (010-033159) and 968 E. 18th Avenue (010-076359), to Chinedum K. Ndukwe, who will rehabilitate the structures to be maintained as rental units. The parcels will be transferred by deed recorded in the Official Records of the Franklin 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 land and such other expenses of the program as the City may apportion to such land from the sale proceeds.
EMERGENCY JUSTIFICATION: Emergency action is requested to expedite the transfer and decrease Land Bank maintenance costs.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of two parcels of real property (934 E. 13th Ave. & 968 E. 18th Ave.) held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, the Land Redevelopment Office acquired these properties after receipt of authorization to purchase parcels from the United States Department of Housing and Urban Development through the Good Neighbor Program by Ordinance 0106-2008, passed January 28, 2008; and
WHEREAS, Ordinance 1860-2008 adopted the City’s Neighborhood Stabilization Program, authorized the filing of the City’s Neighborhood Stabilization Program application with the United States Department of Housing and Urban Development, and made a substantial amendment to the Cons...
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