19-11 Permit purchase of real property not to exceed $60,000

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PLACED ON 1ST RNDING & REFERRED TO THE HOUSING COMMITTEE 4/4/11. ORDINANCE N0. 19-11 BY: Anderson, Bullock, Juris, Madigan, Nowlin, Powers, Smith. AN ORDINANCE to permit the purchase of real property for an amount not to exceed $60,000 without advertising and competitive bidding or specific approval of Council as required by Lakewood Codified Ordinance §111.04 for a period of three years from the effective date of this legislation. WHEREAS, Council adopted Ordinance No. 64-08 on July 7, 2008 which authorized the Mayor to purchase properties within the City of Lakewood without competitive bidding for a purchase price less than $60,000 for a period of three (3) years; and WHEREAS, while the expiration of that authority is fast approaching, economic conditions which have been affecting local housing have are still a threat to homes in our area; and WHEREAS, the City wants to continue to defend against the unscrupulous use of deteriorated properties; and WHEREAS, the City would like to continue to purchase properties and either rehabilitate or raze them for use as green space or to hold in the Land Bank for future development. Now, therefore BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OHIO Section 1. That the Mayor of the City of Lakewood is hereby authorized to purchase real property on behalf of the City of Lakewood without advertising or competitive bidding or specific approval of Council as required by Lakewood Codified Ordinance §111.04. Section 2. Each individual transaction for the purchase of real property shall not exceed $60,000. Section s. This authority shall expire three years from the effective date of this ordinance. Section 4. It is found and determined that all formal actions of this Council concerning and relating to the passage of this ordinance were adopted in an open meeting of this Council, and that all such deliberation of the Council and of any of its