Explanation
BACKGROUND: This legislation authorizes the Director of Development to accept the donation of one parcel located at 1266 E. 15th Avenue (010-033779) into the City's Land Bank and to transfer the same parcel to Louie E. and Barbara J. Cox. Louie and Barbara own the adjacent property at 1272 E. 15th Avenue and they will maintain the vacant parcel as a side yard lot expansion. The parcel 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 reduce land bank maintenance costs.
Title
To authorize the Director of the Department of Development to accept a deed for one parcel (1266 E. 15th Avenue) and to execute any and all necessary agreements and deeds for conveyance of the same, held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, the owner of the real estate has agreed to donate these properties to the City's Land Bank; and
WHEREAS, the parcel will be acquired pursuant to Ohio Revised Code Section 5722.06 and in accordance with the Land Reutilization Program's policies, procedures, and guiding principles and the acquisition has been approved by the Land Redevelopment Office Administrator; and
WHEREAS, the property will be transferred to the City by deed recorded in the Franklin County, Ohio Recorder's Office; and
WHEREAS, the City desires to accept the property described below; and
WHEREAS, a proposal for the sale of the property which will be acquired pursuant to Ohio Revised Code Section 5722.06 meets the Land R...
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