Explanation
BACKGROUND: This ordinance authorizes the transfer of an approximately one acre vacant property at the northwest corner of East Long St and Monroe Avenue to Columbus Holding Group LLC, a subsidiary of Columbus Next Generation Corporation (CNGC). CNGC acquired the adjacent site, the former McNabb Funeral Home, and will combine both properties for redevelopment. The site is identified in the Blueprint for Community Investment, Near East Area Plan, and the King-Lincoln District as a key site for commercial and multi-family development.
FISCAL IMPACT: No funding is required with this legislation.
EMERGENCY JUSTIFICATION: Emergency action is requested to expedite the transfer in order to demolish the site, reduce Department maintenance costs, and manage proposals for redevelopment.
Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of 2 parcels located at the northwest corner of East Long Street and Monroe Avenue to Columbus Holding Group LLC; and to declare an emergency.
Body
WHEREAS, in 2003, the City of Columbus acquired the property from Columbus Urban Growth as a part of redevelopment initiative in the King-Lincoln District; and
WHEREAS, the City desires to transfer the property to Columbus Holding Group LLC, a subsidiary of Columbus Next Generation Corporation to manage the selection and disposition of the property for redevelopment; and
WHEREAS, it is necessary to authorize the Director of Development, or his designee, to execute any and all necessary documents for the conveyance of title in order to transfer the property; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to convey title of said parcel of real estate to expedite the transfer in order to redevelop the property, all for the immediate preservation of the public health, peace, property, safety and welfare...
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