15-12 Agreement w/ real estate broker to sell various parcels

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PLACED ON 1ST READING & REFERRED TO THE HOUSING COPfMITTEE 2/6/12. PLACED ON 2ND READING 2/21/12. ORDINANCE NO. 1~-12 BY: Anderson, Bullock, Juris, Madigan, Nowlin, Powers, Smith. AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least five (5) members elected to Council, or otherwise to take effect and be in force after the earliest period allowed by law, authorizing and directing the Director of Planning and Development to enter into an agreement with a licensed real estate broker to market for sale various parcels of real property, further described in Exhibit A, currently owned by the City of Lakewood, pursuant to Section 155.07 of the Codified Ordinances. WHEREAS, the City is the owner of various parcels of real property located within the City of Lakewood; and WHERES, the parcels are residential and part of the City of Lakewood's Neighborhood Stabilization Program; and WHEREAS, this Council has determined it is in the best interest of the City to sell said real property and that such sale shall further the interest of the City and its residents; and WHERAS, this Council by a vote of at least five (5) members elected thereto determines that this ordinance is an emergency measure, and that it shall take effect at the earliest date possible as set forth in ARTICLE III, SECTIONS 10 &13 of the 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 department in that these parcels are either in the process of being rehabilitated or will have residential structures build on them and immediate action is required. Now, Therefore, BE IT ORDAINED BY THE CITY OF LAKEWOOD, OHIO: Section 1. That the Director of Planning and Development (Director) is hereby authorized, 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 as determined by the Director, to market various parcels of real property, further described in Exhibit A, pursuant to Section 155.07 of the Codified Ordinances. Section 2. That the Director is hereby authorized and directed to enter into an agreement for the sale of said parcels of real property upon presentation of an acceptable offer as determined by the Director. Section 3. That the Director specifically is authorized to negotiate and or make counter- proposals to any offer to purchase said real property, and shall, upon the close of the transaction, report to Council the details of the sale. Section 4. That the Director shall make no representations or warranties concerning the conditions of the property, including, but not limited to the property's environmental condition,