Explanation
BACKGROUND: Nineteen 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 such real properties. This property consists of nineteen parcels located on the northwest corner of Mt. Vernon and Hamilton Avenues making up 1.83 plus or minus acres commonly known as the Whitney Young site. Whitney Young Collaborative, LLC will purchase these parcels for $15,000 for new residential construction.
EMERGENCY JUSTIFICATION: Emergency legislation is requested to expedite the sale of the parcels to the developer.
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.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of nineteen parcels of real property known as the Whitney Young site currently held in the Land Bank; commonly known as the Whitney Young site, to authorize the sale of said parcels for fifteen thousand dollars ($15,000); to waive the provisions of Section 329.29 of the Columbus City Codes, 1959; pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, the Whitney Young site is comprised of nineteen parcels of real estate, ownership of which has been transferred from the United States Department of Housing and Urban Development to the City of Columbus; 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 t...
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