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Section 2. That title to said premises be evidenced by good <br />and sufficient warranty deed conveying said premises to the City of <br />LakewOod free and clear of all liens and encumbrances, except taxes <br />and assessments not yet due and payable, restrictions of record, if <br />any, and zoning ordinances. Title to said property shall be subject <br />to the approval of the Director of Law; that a split tax bill shall be <br />obtained and real estate taxes and assessments for the premises being <br />purchased shall be prorated as of the date said warranty deed is filed <br />for record using the last available tax rate in valuation for <br />computing the tax prorations; that the Director of Finance be and he <br />is hereby authorized to pay the amount set forth in Section 1 hereof <br />from the 1984 Community Development Block Grant Funds upon delivery by <br />the grantor of a good and sufficient warranty deed to the City of <br />Lakewood, together with guarantee of title disclosing the said real <br />estate to be free and clear of all encumbrances except as hereinabove <br />set forth; and that the Director of Finance be and he is hereby <br />authorized to pay all costs incurred incidental to the completion of <br />the purchase including title transfer costs, the escrow fee, title <br />guarantees or insurance and other closing costs. <br /> <br /> Section 3- It is found and determined that all formal <br />actions of this Council concerning and relating to the passage of this <br />ordinance were adopted in an open meeting of this Council, and that <br />all such deliberations of this Council and of any of its committees <br />that resulted in such formal action, were in meetings open to the <br />public, in compliance with all legal requirements including Section <br />121.22 of the Ohio Revised Code. <br /> <br /> Section 4- That this ordinance is hereby declared to be an <br />emergency measure for the reasons stated in the preamble hereof and <br />provided it receives the affirmative vote of two-thirds of all members <br />elected to Council, it shall take effect and be in force immediately <br />upon its adoption and approval by the Mayor; otherwise, it shall take <br />effect and be in force after the earliest period <br /> allowed by law. <br /> <br /> IDENT <br /> <br />Approved <br /> <br /> <br />