Explanation
BACKGROUND: Eight parcels 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 eight parcels located at 1490 Genessee Ave. (010-059093), 1280 Genessee Ave. (010-059692), 1276 Genessee Ave. (010-026065 ), 1276 Genessee Ave. (010-059821), 1362 Aberdeen Ave. (010-059520), 1262 Genessee Ave. (010-059448), 1288 Genessee Ave. (010-060107), and 1251 Minnesota Ave. (010-059118) to Habitat for Humanity-MidOhio, who will construct new single family homes on the vacant parcels for affordable housing. The parcels will be transferred by deed recorded in the Official Records of the Franklin County Recorder’s Office.
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 eight parcels of real property (1490 Genessee Ave., 1280 Genessee Ave, 1276 Genessee Ave., 1276 Genessee Ave., 1362 Aberdeen Ave, 1262 Genessee Ave., 1288 Genessee Ave., and 1251 Minnesota Ave.) held in the Land Bank pursuant to the Land Reutilization Program.
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 e...
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