Label
DEBD LBSale401 ColumbusBurton
Development/Real Estate
WJ Burkett (x1692)cw/tk
(Revised)
Title
Authorizing the mayor to enter, execute and deliver a real estate purchase agreement and other needed instruments for the sale and conveyance of 401 Columbus Street to Scott P. Burton; 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. Scott P. Burton of 2413 N. Erie Street has approached the City with the desire to acquire the vacant landbank parcel at 401 Columbus Street. Mr. Burton intends to plant fruit trees and create additional landscaping to his nearby property to help maintain neighborhood beautification. The negotiated sale price for this parcel is One Hundred and Fifty Dollars ($150) plus recording and transfer fees.
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 401 Columbus Street as is more fully described in Exhibit "A" and attached hereto and made a part hereof, to Scott P. Burton for One Hundred Fifty Dollars ($150).
SECTION 2. That the agreement and needed instruments shall contain other terms and conditions deemed necessary and proper by the Mayor, the Department of Law and the Department of Economic & Business Development.
SECTION 3. That it is found and determined that the subject real property is not n...
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