93-81 Sell property at Ridgewood & Madison

Home Browse Search

ORDINANCE NO. 93-81 BY: Brown, Chinnock, Gallagher, Graham, McBride, Wendling, Salmon AN EMERGENCY ORDINANCE providing for the sale of certain real property located on the west side of Ridgewood Avenue, approximately 130 feet north of Madison Avenue in Lakewood, Ohio, bearing permanent parcel numbers 315-12-96, 315-12-97 and 315-12-98; determining that such real estate should be sold and that such sale is in the best interest of the City and will further the interest of the City and its residents; and determining that the proposed purchase price is satisfactory. WHEREAS, said real property (hereinafter described in the body of the agreement) is being used for public parking but is to be replaced by equivalent public parking in other City owned real property resulting in said property not being needed for public use by the City, and WHEREAS, the sale of the real property is in the best interest of the City and will further the interest of the City and its residents by assuring the City its fair market return for said real property and further provide for urgently needed housing opportunities for senior citizens, and WHEREAS, this ordinance constitutes an emergency measure providing for the immediate preservation of public peace, property, health and safety and for the usual daily operation of a municipal department and for the further reason that the immediate authorization of actions herein is necessary to expedite the development and revitalization of the City and to create and preserve jobs and employment opportunities and to prevent the spread of blighted, deteriorated or deteriorating conditions; NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That it is hereby determined that the real property described in the agreement set forth herein is no longer needed for municipal purposes and the sale of said real property is in the best interest of the City and will further the interest of the City and its residents by assuring the City its fair market return for said real estate and further providing for urgently needed housing opportunities for senior citizens. Section 2. This Council hereby authorizes the sale of said real property to the Community Development Corporation of Lakewood, Ohio and the Mayor is authorized and directed to execute, on behalf ~f the City of Lakewood, a contract for the sale of said property, in substantially the following form: AGREEMENT THIS AGREEMENT made and concluded at Lakewood, Ohio, this day of ~ 1981, by and between the City of Lakewood, Ohio, a municipal corporation, 12650 Detroit AvenUe, Lakewood, Ohio, hereinafter referred to as "Seller'~ and the Community Development Corporation of Lakewood, a corporation not for profit, 12650 Detroit' Avenue, Lakewood, Ohio, hereinafter referred to as "Purchaser." WITNESSETH: For and in consideration of mutual promises, covenants, and agreements of the parties hereto as herein set forth and other valuable considerations, the receipt and sufficiency of which are hereby acknowledged by each party, the parties hereto hereby agree as follows: