Explanation
BACKGROUND: Authorization is requested for the Director of the Department of Development to execute any and all agreements and deeds for conveyance of the property located at 1829 East Long Street (010-045812) to the Central Ohio Community Improvement Corporation (COCIC). COCIC and the City’s Land Bank Program are jointly working to save this abandoned medical office building. COCIC will perform repairs intended to stabilize the building and make the building suitable for resale. The City’s Land Bank Program will work with COCIC to develop a disposition process and will have final approval of end use.
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 enable the City to immediately stabilize the building to protect against further deterioration.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of one parcel of real property at 1829 East Long Street 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 to a foreclosure proceeding initiated by the Franklin County Treasurer, or through a sale of forfeited lands by the Franklin County Auditor, or through a conveyance in lieu of foreclosure to foster either return of such land to tax revenue generating status or its devotion to public use, or any other land acquired as part of the land reutilization progr...
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