Explanation
BACKGROUND: In April, 2018 the Department of Development issued two requests for applications for new home construction to solicit development proposals for lots owned by the City and the Central Ohio Community Improvement Corporation (COCIC) in the Near East. Proposals to construct single family houses submitted by various buyers were selected by Review Committees. Authorization is requested for the Director of the Department of Development to sell and transfer 11 City owned lots to 7 separate buyers for a total of $177,974. COCIC will directly transfer an additional 7 parcels as a part of this request for applications, resulting in a total of 18 lots sold for new single family house construction.
Emergency action is requested City to purchase the parcels and enter into agreements to sell the lots and allow for construction to begin without delay.
FISCAL IMPACT: 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 execute any and all necessary agreements and deeds for conveyance of title of 11 parcels of real property held in the Land Bank pursuant to the Land Reutilization Program; and to declare an emergency.
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 t...
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