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File #: 3053-2018    Version: 1
Type: Ordinance Status: Passed
File created: 10/30/2018 In control: Housing Committee
On agenda: 11/19/2018 Final action: 11/21/2018
Title: To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of one parcel of real property (161 N. Talmadge St.) held in the Land Bank pursuant to the Land Reutilization Program and to declare an emergency.
Explanation
BACKGROUND: One parcel currently held in the Land Bank has been approved for disposition. In order to complete the transfer, authorization is needed for the Director of the Department of Development to execute any and all agreements and deeds for conveyance of the real property. This legislation authorizes transfer of one parcel located at 161 N. Talmadge St. (010-004754) to Columbus Holding Group, LLC, an Ohio limited liability company and subsidiary of Columbus Next Generation Corporation (CNGC). CNGC acquired the adjacent site, the former McNabb Funeral Home, 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. The parcel will be transferred by deed recorded in the Official Records of the Franklin County Recorder’s Office.

FISCAL IMPACT: No funding is required with this legislation.

EMERGENCY JUSTIFICATION: Emergency Legislation is requested to expedite the transfer in order to reduce Land Bank maintenance costs.

Title
To authorize the Director of the Department of Development to execute any and all necessary agreements and deeds for conveyance of title of one parcel of real property (161 N. Talmadge St.) 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 the land reutilization program; and

WHEREAS, a proposal for t...

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