Explanation
Background: Two properties currently held in the Land Bank are 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. 1222 E. 24th St. (010-079607) and 1398-1400 Duxberry Ave. (010-076586) will be transferred to Duxberry Landing Homes, LLC. They will develop and market two newly constructed single family rental units upon demolition of the existing structures. Duxberry Landing Homes, LLC is an Ohio limited liability company that is associated with Columbus Housing Partnership, a non-profit organization that is focused on revitalization and affordable housing initiatives in Columbus's Linden neighborhood. The properties will be transferred by deeds and recorded in the Official Records of the County Recorder's Office.
Emergency Justification: Emergency action is requested to expedite the transfer of the property to allow the developer to immediately start construction to meet program deadlines.
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 two parcels of real property (1222 E. 24th St. and 1398-1400 Duxberry Ave) held in the Land Bank pursuant to the Land Reutilization Program and Neighborhood Stabilization Program; and to declare an emergency.
Body
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 Depart...
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