Label
DEBD 807 N Superior Street Property Sale
Development / Real Estate
Bill Burkett (x1692)
Title
Authorizing the Mayor to execute and deliver needed instruments to effectuate the sale and conveyance of certain City-owned real property located at 807 N Superior Street to 802 N. Huron Ventures, LLC and Holy Trinity Greek Orthodox Cathedral for the amount of $150.00 each; authorizing the deposit of the net sale proceeds; waiving the competitive bidding provisions of T.M.C. 187; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
Pursuant to Toledo Municipal Code Section 187.19, City Council by passage of an Ordinance can authorize the sale of city owned land no longer needed for municipal purposes. The real property located at 807 N Superior Street has been determined to no longer be required to serve a municipal purpose and, therefore, can be disposed of. The adjacent property owners Ms. Sue Burkett, of 802 N. Huron Ventures, LLC, and Holy Trinity Greek Orthodox Cathedral wish to acquire this property and maintain it as greenspace for the neighborhood.
The negotiated sale price for the property is a total of $300 ($150 from each entity). This ordinance waives competitive bidding requirements of the TMC and authorizes the sale of this property to the aforementioned entities.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to enter into real estate purchase agreements ("agreements") with 802 N. Huron Ventures, LLC and Holy Trinity Greek Orthodox Cathedral for the sale and conveyance of the parcel located at 807 N Superior Street, as outlined on the Exhibit A and subject to final survey determination approval by the mayor and the Department of Law.
SECTION 2. That it is found and determined that the real estate to be sold and conveyed is real estate which is no longer needed by the city for any municipal purpose; that the disposition hereof is in the best interest of the ci...
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