Explanation
BACKGROUND: One parcel currently held in the Land Bank has been approved for disposition and two parcels has been approved for acquisition. In order to complete the transfers, 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 the transfer of one parcel located at 1240 Atcheson St. (010-022402) to the Cheryl C Heller an Ohio resident who will use this parcel as a sideyard to her owner occupied home in exchange for two adjacent parcels located at 1236 Atcheson St. (010-063790) and 0000 Atcheson St. (010-021245). The transfer allows the exchange of similarly sized parcels and will allow the applicant to own the land bank parcel directly next to her house. 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 trade.
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 (1240 Atcheson St.) held in the Land Bank to Cheryl C. Heller and to acquire 1236 Atcheson St and 0000 Atcheson St 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 either return of such l...
Click here for full text