...Explanation
BACKGROUND:
The City previously conveyed to Michael A. Oram, an Ohio resident, real property located at 1018 Neil Avenue, Columbus, Ohio 43201 {Franklin County Tax Parcel(s) 010-047976} (“Property”) described and recorded in Deed Volume 3543, Page 706, Recorder’s Office, Franklin County, Ohio (“Deed”). Ordinance Number 1576-75 authorized the City to execute the Deed transferring the Property to Mr. Oram. The Property was part of the Dennison Avenue Urban Renewal Plan pursuant to Ordinance Number 1580-69 and recorded in Miscellaneous Record Volume 141, Pages 185-194, and Miscellaneous Record Volume 150, Pages 644-656, Court House, Franklin County, Ohio (“Plan”). The Plan required the City to transfer the Property subject to a number of land restrictions, servitudes, and reversionary interests as described in the Deed. Mr. Oram is requesting all of the City’s land restrictions, servitudes, and reversionary interests in the Deed released in order to clean the Property’s title. The Department of Finance and Management reviewed Mr. Oram’s request and determined releasing all of the land restrictions, servitudes, and reversionary interests in the Deed is appropriate, because Mr. Oram has appropriately managed the Property since its acquisition on September 15, 1975, pursuant to the Plan.
FISCAL IMPACT:
Not applicable.
EMERGENCY JUSTIFICATION:
The Department of Finance and Management requests emergency designation to allow for the timely release of the land restrictions, servitudes, and reversionary interests in the Deed in order to clean the Property’s title, which will preserve the public peace, property, health, safety, and welfare.
...Title
To authorize the director of the Department of Finance and Management to execute any documents, as approved by the City Attorney, necessary to release and terminate the City’s land restrictions, servitudes, and reversionary interests reserved in a deed described and recorded in Deed Volume 3...
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