Explanation
Background:
This ordinance will authorize the Director of the Recreation and Parks Department and the Real Estate Division to enter into contract to purchase three (3) pieces of property on Nelson Road, as follows:
1) Holmes/Hill Property, 0 Nelson Road/undeveloped $20,000
2) Suel/Dent Property, 0 Nelson Road/undeveloped $14,000
3) Banks Property, 370 S. Nelson Road $24,000
The total amount of the expenditure, $58,000.00, includes the purchase price of the property, closing costs, title insurance, environmental assessments, and survey costs.
This is an Urban Infrastructure Recovery Fund project. These properties will be part of a project to clean up the area around Academy Park behind Cleo Dumaree Athletic Complex.
Emergency legislation is requested in order for acquisition to proceed in a timely manner as contracts are being signed and closing dates are being established based on this legislation.
Fiscal Impact:
$58,000.00 is required and budgeted in the Urban Infrastructure Recovery Fund.
Title
To authorize the Director of the Recreation and Parks Department and the Real Estate Division to execute those documents necessary to purchase three (3) properties on Nelson Road, to pay all costs associated with the purchase of said land, to authorize the expenditure of $58,000.00 from the Urban Infrastructure Recovery Fund, and to declare an emergency. ($58,000.00)
Body
WHEREAS, the City of Columbus desires to purchase three (3) pieces of property on Nelson Road; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to purchase said property to allow land acquisition to proceed in a timely manner as contracts are being signed and closing dates are being established basedon this legislation; now, therefore:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Recreation and Park...
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