44-84 Purchase 1282 Clifton Prado

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ORDINANCE NO. 44-84 BY: Brown, Gallagher, Graham, McBride, Wendling AN EMERGENCY ORDINANCE authorizing the Director of Economic and Community Development of the City of Lakewood to purchase certain real estate known as P.P. No. 312-29-108 located at 1282 Clifton Prado, in Lakewood, Ohio, hereinafter more particularly described and subject to the terms and conditions hereinafter set forth. WHEREAS, this ordinance constitutes an emergency measure providing for the immediate preservation of the public health and welfare and for the usual daily operation of a municipal department and for the further reason that the owners have agreed to sell said property for the consideration herein stipulated and this Council determines it to be in the best interest of the City that the property be purchased immediately so that the Clifton Prado Improvement Project can be commenced without any delay; now, therefore, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That the Director be and he is hereby authorized and directed to purchase from Helen M. Brown the following property. Ihe subject property is the southerlymost structure on the west side of Clifton Prado adjacent to the railroad tracks. It has a frontage of 72 feet and a depth of 6~ feet containing an area of 4,896 square feet. and to pay therefor the sum of Nineteen Ihousand Two Hundred Fifty Dollars (.$19,250.00). Section 2. That Title to said premises be evidenced by good and sufficient Warranty Deed with proper release of dower conveying said premises to the City of Lakewood free and clear of all liens and encumbrances, except taxes and assessments not yet due and payable, restrictions of record, if any, and zoning ordinances, provided, however, that Seller shall have the right and option if she so elects to reserve to herself in said Deed, a termin- able estate in the above described premises which shall terminate either on the date of death of said Seller, or upon the vacation of said premises by said Seller for a period of sixty (60) days or more, or upon mutual agreement of t'he parties whichever date shall be the first to occur. That title to said property shall be subject to the approval of the Director of Law; that real estate taxes and assessments shall be pro rated either as of the date said Warranty Deed is filed for record or date Seller's terminable estate is terminated, whichever date is the latter to occur, using the last available tax rate and valuation for computing the tax pro rations; that the Director of Finance be and he is hereby authorized to pay the amount set forth in Section i hereof from the 1984 Community Development Block Grant Funds upon deliYery by the Grantor of a good and sufficient Warranty Deed to the City of Lakewood, together with guarantee of