Label
DEBD LBSale2304&2306Lawrence&854VirginiaToNewby
Development / Real Estate
WJ Burkett (x1692) cw/tk
April 17, 2018
Title
Authorizing the Mayor to enter, execute and deliver a Real Estate Purchase Agreement and other needed instruments for the sale and conveyance of 2304 Lawrence Avenue, 2306 Lawrence Avenue and 854 Virginia Street to Andrew C. Newby; authorizing the deposit of net sale proceeds; making certain findings with respect thereto; waiving the notice and bidding provisions of T.M.C. 187.19; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The City operates a Land Reutilization Program pursuant to Section 187.19(a) of the Toledo Municipal Code which authorizes the City to accept nonproductive land and dispose of same pursuant to Chapter 5722 of the Ohio Revised Code. The Department of Economic & Business Development oversees the review and processing of the program. Andrew C. Newby of 2125 Scottwood Avenue has approached the City with the desire to acquire the vacant landbank parcels located at 2304 Lawrence Avenue, 2306 Lawrence Avenue and 854 Virginia Street. Mr. Newby would like to use the lots for neighborhood beautification and as a recreational area. The negotiated sale price for these parcels is One Hundred and fifty Dollars ($150.00) per parcel (3) plus recording and transfer fees subject to combine of parcels.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor and the Real Estate Division of the Department of Economic and Business Development are authorized to execute needed instruments for the sale and conveyance of the real estate located at 2304 Lawrence Avenue, 2306 Lawrence Avenue and 854 Virginia Street as is more fully described in Exhibit "A" and "B" and attached hereto and made a part hereof, to Andrew C. Newby for Four Hundred Fifty Dollars ($450.00).
SECTION 2. That the Agreement and needed instruments shall contain other terms and conditions deemed nece...
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