Explanation
BACKGROUND: In order to have an effective Land Reutilization Program, it is necessary to acquire other vacant and underutilized properties. The properties known as 880 E. Mound St., 37-39 Linwood Ave., 104 E.5th Ave., 340 Loeffler Ave., 345 Miller Ave., 911 McAllister Ave., and 876-78 E. Mound St., all vacant residential lots, will be donated to the City for the City's Land Bank and will be managed in accordance with the policies and procedures of the Land Reutilization Program. These properties will be transferred by deeds, which will be recorded in the Official Records of the County Recorder's Office.
FISCAL IMPACT: No funding is required for this legislation. The maintenance of these parcels will be provided by current maintenance contracts.
Title
To authorize the acceptance of seven deeds for residential vacant lots to be held in the Land Bank inventory.
Body
WHEREAS, Wayne Equity Company, owners of the said real estate have agreed to donate this property to the City's Land Bank; and
WHEREAS, the acceptance of seven parcels which are being acquired pursuant to Section 5722.06 for this program; and
WHEREAS, by virtue of said deeds to the City of Columbus Land Bank these deeds will be recorded in the Franklin County, Ohio Recorder's Office; and
WHEREAS, the City desires to accept the deeds for said properties which will be held in the Land Bank Program and managed in accordance with the Land Reutilization Program's policies and procedures; and now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City of Columbus hereby accepts the property described herein as:
(1) PARCEL: 010-043194
OWNER: Wayne Equity Company
ADDRESS: 880 E. Mound Street
Being the South One-half of the East One-half of Lot Number Twenty-one (21) of HENRY AND JOHN MILLER'S SUBDIVISION of Outlots 89, 90 and 91 of Crosby's Addition to the Outlots of Columbus, Ohio, as th...
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