Label
DNBD LBSale912N.Huron/Lemus Revised
Development / Real Estate
Brandon Sehlhorst (x1692)
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 912 N. Huron Street to Maritza Lemus of 1636 Travis Drive; 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 Neighborhood & Business Development oversees the review and processing of the program. Maritza Lemus of 1536 Travis Drive, Toledo, Ohio 43612, owns personal property located at 902 N. Huron and has notified the City with application to acquire the adjacent vacant land bank parcel at 912 N. Huron Street. The applicant intends to use the lot as green space and lot expansion. The negotiated sale price for this parcel is Four Hundred and Fifty Dollars ($450) plus recording and transfer fees.
The fiscal impact of this ordinance is as follows:
- The amount of funds requested: N/A
- The expenditure budget line item: N/A
- New revenue generated (operational revenue, grants, if any): $450
- Revenue budget line item (if any): 1001-16500-5000436STDSTD
- Are funds budgeted in the current fiscal year (yes/no)?: N/A
- Is this a capital project (yes/no)? N/A
- If yes, is it new or existing (new/existing)? N/A
- What section of the City's Strategic Plan does this support:
o Excellence in Basic Services (yes/no) yes
o Quality Community Investment (Livable City, Development) (yes/no) yes
o Workplace Culture & Customer Service (yes/no) no
o Environment (yes/no) no
Summary
NOW, THEREFORE, Be it ordained by ...
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