Explanation
BACKGROUND: Eight parcels 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 to execute any and all agreements and deeds for conveyance of the real property. This legislation authorizes transfer of eight parcels located at:
1. 1826 Smith Court (010-117344)
2. 1814 Smith Road (010-117343)
3. 1817 Smith Road (010-132189)
4. 1102 Smith Road (010-089600)
5. 1836 Lockbourne Avenue (010-089608)
6. 1824 Lockbourne Avenue (010-089601)
7. 1808-1816 Lockbourne Avenue (010-112203)
8. 1827 Smith Road (010-132190)
Transfer of the eight parcels will be made to William J. Ezzo, or other entity created by William J. Ezzo to own the parcels, who will maintain the vacant parcels as an expansion to his adjacent business facility, the Ezzo Sausage Company. The parcels will be transferred by deed recorded in the Official Records of the Franklin County Recorder’s Office.
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 is requested to expedite the transfer in order to reduce Land Bank maintenance costs.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of eight parcels of real property (Lockwood Apartments) held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
Body
WHEREAS, by Ordinance 1325-98, 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 ...
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