Explanation
BACKGROUND: On November 12, 2012 Council passed legislation adopting the East Franklinton Creative Community District Plan to guide future redevelopment efforts in East Franklinton. This legislation will support the implementation of the Plan by authorizing the Director of the Department of Development to acquire property within the East Franklinton planning area. Properties acquired will be held under the land reutilization program for future development consistent with the Plan's recommendations.
FISCAL IMPACT: This legislation authorizes the expenditure of funds within the 2012 Capital Improvement Budget in Fund 735 Northland and Other Acquisitions.
EMERGENCY JUSTIFICATION: Emergency action is required to begin the purchase of properties as soon as possible in order to facilitate the rehabilitation, redevelopment or demolition of same.
Title
To authorize the Director of the Department of Development, or his designee, to execute any and all documents necessary for conveyance of title in order to acquire properties within the East Franklinton Area; to amend the 2012 Capital Improvements Budget; to appropriate $400,000.00 within the Northland and Other Acquisition Fund; to transfer cash between projects within the same fund; to authorize the expenditure of $400,000.00 from the Northland and Other Acquisition Fund; and to declare an emergency. ($400,000.00)
Body
WHEREAS, City Council approved legislation to adopt the East Franklinton Creative Community District Plan to guide future redevelopment efforts; and
WHEREAS, the Department of Development wishes to begin the implementation of the plan by acquiring property within the East Franklinton Planning Area; and
WHEREAS, it is necessary to authorize the Director of Development, or his designee, to execute any and all necessary documents for the conveyance of title in order to acquire properties; and
WHEREAS, cash is currently available in the Northland and Other Acquisitions Fun...
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