Explanation
BACKGROUND: Five properties currently held in the Land Bank have been approved for disposition. In order to complete the transfer, authorization is needed for the Director of the Department of Development or his designee to execute any and all agreements and deeds for conveyance of such real property. Columbus Housing Partnership will purchase these parcels for the renovation of 5 single-family structures as a part of the Home Again Program. The structures are located at 1758 Bide-A-Wee Park (010-005741), 244 N. Virginialee Rd (010-078431), 1338 Lamson Ave. (010-128504), 1826 Kermit Ave. (010-129052), and 1636 Fairgate Pl. (010-138827), all purchased by the City of Columbus from the United States Department of Housing and Urban Development.
FISCAL IMPACT: No funding is required for this legislation. The City may first recover reimbursement of any and all expenses incurred on account of the acquisition, administration, management, maintenance and disposition of such land and such other expenses of the program as the City may apportion to such land from the sale proceeds.
EMERGENCY JUSTIFICATION: Emergency action of these properties is requested in order to expedite the
redevelopment efforts.
Title
To authorize the Director of the Department of Development or his designee to execute any and all necessary agreements and deeds for conveyance of title of five parcels of real property held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, by Ordinance 2161-93 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 rev...
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