Background
The City owns fee title to that real property commonly known as 1716 Parsons Avenue, Columbus, Ohio, and identified as Franklin County Tax Parcel 010-066800. The site previously housed old Fire Station #14. The Department of Finance and Management, Real Estate Management Office has advertised the property’s availability for purchase as required by City Code 329. The property has been marketed to the public for several years and has been shown to a number of interested parties. The City recently received and reviewed three purchase offers. Accordingly, the Department of Finance and Management has determined that it is in the City's best interest to proceed with the purchase offer closest to the estimated market value for the property and with terms acceptable to the City and to enter into a formal contract with Jay Cheplowitz for the sale and purchase of the property. Mr Cheplowitz’s initial plan for the property is to move his business office from the Short North to occupy the second floor of the building.
This ordinance authorizes and approves the sale of the property and authorizes the Director of the Department of Finance and Management to execute those agreements, ancillary documents, and quitclaim deed as necessary to convey fee simple title to the property to Jay Cheplowitz for consideration in the amount of $155,000.00.
Fiscal Impact: Proceeds of $155,000.00 from the sale of this property will be deposited in the General Permanent Improvement Fund.
Emergency Justification: Emergency action is requested to expedite the transaction in order to meet the terms of the purchase and sale contract related to the timely transfer of the property.
Title
To authorize the Director of Finance and Management to execute those documents necessary to convey fee simple title to that City surplus real property identified as 1716 Parsons Avenue, Columbus, Ohio, 43211 43207 to Jay Cheplowitz and; and to declare an emergency.
Body
WHEREAS, that real pro...
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