82-04 Sell Property at 1440 Arthur

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PLACED. QN 1st READING & REFERRED TO THE FTNANCE COMMITTEE 9/7/04. PLACED ON 2ND READING 9/20/04. ORDINANCE NO. 82-04 BY: Corrigan, Demro, Dever, Dunn. FitzGerald, Madiga~, Spelie. AN EMERGENCY ORDINANCE authorizing and directing the Director of Finance (Director) to enter into an agreement with a licensed real estate broker to market for sale the real property located at 1440 Arthur Avenue for a period of 120 days, pursuant to Section 155..07 of the Codified Ordinances WHEREAS. the City is the owner of real property located at 1440 Arthur Avenue; and WHEREAS, this Council has determined it is in the best interest of the City to seil said real property and that such sale shail further the interests of the City and its residents; and WHE~EAS, this Council by a vote of at least five (5) members elected thereto determines that this ordinance is an emergency measure, and that tis ordinance shail take effect at the earliest date possible as set forth in ARTICLE III, SECTIONS 10 and 13 ofthe SECOND AMENDED CHARTER OF THE CITY OF LAKEWOOD, and that It is necessary for the immediate preservation of the public property, health and safety, and to provide for the usual daily operation of municipal departments in that this property is currently vacant and immediate action is required Now, Therefore, BE IT ORDAINED BY THE CiTY OF LAKEWOOD, STATE OF OHIO: Section 1. That the Director of Finance (Director) is hereby authorizE)d and directed, on behalf of the City, to solicit proposals from licensed real estate brokers and to enter into an agreement with the broker deemed most responsive determined by the Director, to market real property located at 1440 Arthur Avenue for a period not to exceed 12Ô days, pursuant to Section 155..07 of the Codified Ordinances Section 2, That Director is hereby authorized and directed to enter into an agreement for the sale of said real property upon presentation of an acceptable offer as determined by the Director. Section 3. That Director specificaily is authorized to negotiate and/or make counter proposals to any offer to purchase said real property, and shail, upon the close of the transaction, report to Council the details of the sale Section 4. The Director shail make no representations or warranties concerning the condition of the property, inciuding, but not limited to mechanical systems. dry basement, foundation, structurai, or compliance with code, zoning or building requirements. Section 5. It is found and determined that ail formal actions of this Councii concerning and relating to the passage of this ordinance were adopted in an open meeting òf this Council, and that ail such deliberations of this Council and of any of its committees that resulted in such formai action were in meetings open to the public in compliance with ail legal requirements