Explanation
Background: Pursuant to Ordinance 1401-83, the City conveyed by quit-claim deed its property located at 115 Gift Street to the Boys Club of Columbus, Inc., now the Boys and Girls Clubs of Columbus, Inc., an Ohio nonprofit corporation, recorded in Vol. 03194, Pg. H08, Instrument No. 198308170111041, Recorder’s Office, Franklin County, which was subject to a reversionary interest retained by the City should the property ever be used for other than benevolent and charitable purposes. Due to changes in demographic and programmatic needs of the Franklinton neighborhood, the Boys and Girls Clubs of Columbus, Inc. wishes to sell the property located at 115 Gift Street and move its operations to 85 Clarendon Avenue to better serve the needs of both the Franklinton and Hilltop neighborhoods. The City desires to support the move as it will enable the Boys and Girls Clubs of Columbus, Inc. to expand its programming and services to better serve the youth of the Franklinton and Hilltop neighborhoods.
This legislation authorizes the Director of Finance and Management, on behalf of the City, to enter into a Memorandum of Understanding (MOU) with the Boys and Girls Clubs of Columbus, Inc. to outline certain commitments of the parties relating to conditions for the City to release its reversionary interest in the 115 Gift Street property and is presented as an emergency measure.
Fiscal Impact: There is no fiscal impact associated with the execution of the Memorandum of Understanding (MOU).
Emergency Justification: Emergency action is requested to allow the Boys and Girls Clubs of Columbus, Inc. to proceed in a timely manner with a real estate sale agreement and meet transaction deadlines for closing.
Title
To authorize the Director of Finance and Management, on behalf of the City, to enter into a Memorandum of Understanding (MOU) with the Boys and Girls Clubs of Columbus, Inc. regarding the plans and commitments of the parties relating to the property located at 115 Gift Street; to authorize the Director to execute those documents necessary to release of the City’s reversionary interest in said property; and to declare an emergency. ($0).
Body
WHEREAS, pursuant to Ordinance 1401-83, the City conveyed by a quit-claim deed its property located at 115 Gift Street to the Boys Club of Columbus, Inc., now the Boys and Girls Clubs of Columbus, Inc., an Ohio nonprofit corporation, recorded in Vol. 03194, Pg. H08, Instrument No. 198308170111041, Recorder’s Office, Franklin County, which was subject to a reversionary interest retained by the City should the property ever be used for other than benevolent and charitable purposes; and
WHEREAS, due to changes in demographic and programmatic needs of the Franklinton neighborhood, the Boys and Girls Clubs of Columbus, Inc. wishes to sell the property located at 115 Gift Street and move its operations to 85 Clarendon Avenue to better serve the needs of both the Franklinton and Hilltop neighborhoods; and
WHEREAS, the City is supportive of the move to the 85 Clarendon Avenue location as it will enable the Boys and Girls Clubs of Columbus, Inc. to expand programs and services to better serve the youth of the Franklinton and Hilltop neighborhoods; and
WHEREAS, the MOU will outline certain commitments of the City and the Boys and Girls Clubs of Columbus, Inc. relating to the conditions for the City to release its reversionary interest in the 115 Gift Street property; and
WHEREAS, an emergency exists in the usual daily operation of the City in that it is immediately necessary to authorize the Director of Finance and Management to enter into a Memorandum of Understanding (MOU) with the Boys and Girls Clubs of Columbus, Inc. to allow the Boys and Girls Clubs of Columbus, Inc. to proceed in a timely manner with the real estate transactions contemplated thereby, preserving the public health, peace, property, safety and welfare; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of Finance and Management be, and hereby is, authorized to enter into a Memorandum of Understanding (MOU) with the Boys and Girls Clubs of Columbus, Inc. to outline certain commitments of the parties relating to the conditions for the City to release its reversionary interest in the property located at 115 Gift Street, Columbus, Ohio.
SECTION 2. That the Director of Finance and Management be, and hereby is, authorized to execute those documents, as approved by the Department of Law, Real Estate Division, necessary to release the City’s reversionary interest contained in Vol. 03194, Pg. H08, Instrument No. 198308170111041, Recorder’s Office, Franklin County to the 115 Gift Street property.
SECTION 3. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.