Explanation
The City currently owns certain property at the southeast corner of Vine Street and Neil Avenue comprised of 2.447 acre of vacant land. The City originally acquired the land in January 2000 as part of the Vine Street Extension Project. The City has received inquiries from private parties regarding the availability of the site for purchase in order for the parties to develop the property for a commercial use. The site is not identified for use in future City operations and is identified as surplus property. In order to determine what course of action is in the best interest of the City regarding the property, the Director of the Department of Finance and Management requests authority to determine the current marketability of the property by soliciting proposals and offers for the purchase of the property, by both public notice and real estate industry notice, and to entertain discussions and negotiations with interested parties with respect to the sale of the property. The following legislation authorizes the Director of the Department of Finance and Management to advertise the property, solicit purchase proposals, respond to and negotiate with interested parties, waive the land review commission requirements of Chapter 328 and Chapter 329 of the Columbus City Codes (1959) Revised, and declare an emergency.
Fiscal Impact: N/A
Emergency Justification: Emergency action is requested to allow the City to immediately begin the process to determine the current marketability of the property in order to determine the what course of action is in the best interest of the City.
Title
To authorize the Director of Finance and Management to request, by both public notice and real estate industry notice, proposals and offers for the purchase of approximately 2.447 acres of City-owned real property located at the southeast corner of Vine Street and Neil Avenue; entertain discussion from and enter into negotiations with interested parties with respe...
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