EXPLANATION
BACKGROUND:
The City of Columbus, Ohio ("City"), desires to quit claim to the Buckeye Community Hope Foundation (“Buckeye”), an Ohio nonprofit corporation, City-owned real property located at 1415 Kent Street, Columbus, Ohio 43205 [Franklin County Tax Parcel 010-000764] (“Property”). Buckeye will only use the Property to construct and forever use, maintain, and operate a school. After investigation by the City’s Recreation and Parks Department and approval by the Recreation and Parks Commission, it was determined that the Property requested by Buckeye is valued at $35,000.00. The City will forever possess the reversionary right to repurchase the Property for $35,000.00 payment, if Buckeye or its successors or assigns ever cease using the Property as school. Therefore, this legislation authorizes the City’s Director of the Recreation and Parks Department to execute those documents, as prepared and approved by the Columbus City Attorney, Real Estate Division, to quit claim grant the Property to Buckeye.
CONTRACT COMPLIANCE ?: Not applicable.
FISCAL IMPACT: The City’s receipt of $35,000.00 as consideration for granting the Property to Buckeye, is required to be deposited in the Recreation and Parks Permanent Improvement Fund 747.
EMERGENCY JUSTIFICATION: Emergency action is requested so to not delay the City’s benefit resulting from Buckeye operating a school, which will preserve the public peace, health, property, safety, and welfare.
TITLE
To authorize the Director of the Recreation and Parks Department to execute documents, as prepared and approved by the Columbus City Attorney, Real Estate Division, to quit claim grant the City’s real property located at 1415 Kent Street, Columbus, Ohio 43205, to the Buckeye Community Hope Foundation (“Buckeye”), an Ohio nonprofit corporation, upon payment of $35,000.00, to only construct and forever use, maintain, and operate a school; and to declare an emergency. ($0.00)
BODY
WHEREAS, T...
Click here for full text