Explanation
The City owns fee title to that real property commonly known as 1551 Cleveland Avenue, Columbus, Ohio, containing two parcels and formerly used as Fire Station #18. This site was vacated in 2005 upon completion of construction of the new Fire Station #18 at 1630 Cleveland Avenue. Ordinance #1176-2009, passed by Columbus City Council on 11/17/2009, declared the property as “surplus” and gave the Director of the Department of Finance and Management the authority to market said property for sale and to entertain discussions and negotiations with interested parties provided that Council approve the actual sale by a subsequent ordinance.
The Cleveland Avenue property has been marketed to the public over the past three years and has been shown to a number of interested parties. The City has now received a purchase offer within the estimated market value range for the property and with terms acceptable to the City. Accordingly, the Department of Finance and Management has determined that it is in the City’s best interest to enter into a formal contract with Nicholas S. Wolak, the prospective purchaser, for the sale of the property commonly known as 1551 Cleveland Avenue, and described as Franklin County Tax Parcel Number 010-048325, being all or part of Drexel Park Lot 14-15 and Franklin County Tax Parcel Number 010-048327, being all or part of Drexel Park Lot 16-17.
This ordinance authorizes approval of the sale of said City owned real property and authorizes the Director of the Department of Finance and Management to execute those documents necessary to enter into a contract with Nicholas S. Wolak, for the sale of the property for a price of $72,000.00 and to execute a quitclaim deed and any ancillary documents necessary to grant fee simple title to said property.
Fiscal Impact: Proceeds from this transaction shall be deposited in Fund 748, the General Permanent Improvement Fund.
Emergency Justification: Emergency action is requested to enable the C...
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