Explanation
BACKGROUND: In 2010, the State of Ohio passed HB 313 to authorize Counties with a population greater than 60,000 to establish county land reutilization corporations and to establish basic procedures where municipal land reutilizations operate within the same area. In 2012, Franklin County created a county land reutilization corporation under the Central Ohio Community Improvement Corporation (COCIC). This legislation authorizes the Director of Development to enter into a Memorandum of Understanding with the COCIC to create a framework under which the City’s Land Reutilization Program and the COCIC will operate. Specifically, the MOU will establish a process for the City to exercise its priority interest in tax foreclosures and other acquisitions of property. This legislation will allow the City to accept property from the COCIC under its Land Reutilization Program.
FISCAL IMPACT: No funding is required for this legislation.
EMERGENCY JUSTIFICATION: Emergency action is requested in order to execute agreement and immediately start acquiring vacant and abandoned property.
Title
To authorize the Director of the Department of Development to enter into a Memorandum of Understanding with the Central Ohio Community Improvement Corporation; to authorize the acceptance of properties acquired by the COCIC into the Land Reutilization Program; to authorize the Director of Development to execute any and all agreements and deeds necessary to conveyance of title; and to declare an emergency.
Body
WHEREAS, by Ordinance 1325-98, Council adopted and elected to use the Revised Code Chapter 5722, Land Reutilization Program, to facilitate effective reutilization of nonproductive land acquired through a sale pursuant to a foreclosure proceeding initiated by the Franklin County Treasurer, or through a sale of forfeited lands by the Franklin County Auditor, or through a conveyance in lieu of foreclosure to foster either return of such land to tax revenue generat...
Click here for full text