Background
The City of Columbus, Ohio, an Ohio municipal corporation (“City”), owns fee title to real property located at 1716 Parsons Avenue, Columbus, Ohio 43207 [Franklin County Tax Parcel ? 010-066800] (the “Property”). The Property formerly housed City Fire Station #14 until the City completed construction of the new Fire State #14 at 1514 Parsons Avenue, Columbus, Ohio 43207. As a result, the City no longer needed the Property for City operations and passed City Ordinance Number 1176-2009, which declared the Property as "surplus" and authorized the director of the Department of Finance and Management to market the Property for sale and to entertain discussions and negotiations with interested buyers provided City Council approve the Property’s actual sale by a subsequent ordinance.
Since the passage of City Ordinance Number 1176-2009, the department of Finance and Management has been offering the Property for sale through public notice and commercial real estate listing services. The City received a purchase offer within the Property’s estimated market value range and with terms acceptable to the department of Finance and Management and approved by the Columbus City Attorney from Bradley E. McClincy, an Ohio resident (“Buyer”). Accordingly, the department of Finance and Management reviewed this transaction and determined that it is in the City's best interest to enter into a contract for the sale of the Property with the Buyer for consideration of One Hundred Sixty-two Thousand and 00/100 U.S. Dollars ($162,000.00).
Therefore, this ordinance authorizes the director of the Department of Finance and Management to execute those documents, including but not limited to a real estate purchase contract and quit-claim deed, approved by the Columbus City Attorney to quit claim grant the Property to the Buyer in consideration of One Hundred Sixty-two Thousand and 00/100 U.S. Dollars ($162,000.00).
CONTRACT COMPLIANCE ?: Not applicable.
FISCAL IMPACT: Pro...
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