Explanation
BACKGROUND: Authorization is needed for the Director of the Department of Development to enter into an option agreement or sales contract to sell and transfer 363 Reeb Ave. (010-066838) in the Southern Gateway Redevelopment Area to Community Housing Network, Inc. or a TBD subsidiary of Community Housing Network, Inc. The site will be used to construct a 62-unit Permanent Supportive Housing Development and edible food forest. The project is contingent on receiving various public funding such as Low Income House Tax Credits. This legislation authorizes the Director of Development to execute any and all agreements and deeds for conveyance of the real property.
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.
Title
To authorize the Director of the Department of Development to enter into an option agreement or agreements, as needed, to sell and transfer by quitclaim deed one parcel located at 363 Reeb Ave. in the Southern Gateway Redevelopment Area.
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 program; and
WHEREAS, a proposal for the sale of the property, which was acquired pursuant to Ohio Revised Code Section 5722.03 or 5722.06, meets the La...
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