Explanation
BACKGROUND: Four 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 four (4) parcels located at 1487 Duxberry Ave. (010-060235), 1498 Duxberry Ave. (010-061031), 1576 Duxberry Ave. (010-060844), and Duxberry Ave., Lot 73 (010-061032), to the Greater Linden Development Corporation, an Ohio nonprofit corporation, who will construct new single-family structures on each parcel and sell them for home ownership. Structures were previously demolished on the parcels at 1487 Duxberry Ave. and 1576 Duxberry Ave. under the Vacant and Abandoned Properties (VAP) Initiative. 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 four parcels of real property (1487 Duxberry Ave., 1498 Duxberry Ave., 1576 Duxberry Ave., and Duxberry Ave., Lot 73) 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 sal...
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