27-13 Transfer Parcel 311-14-102

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Placed on first reading and re- ferred to the Finance Committee Sept. 3, 2013, second reading Sept. 16, 2013. Please substitute for the original. ORDINANCE NO. 27 -13 BY: Anderson, Bullock, Juris, Madigan, Nowlin, Powers, Smith. AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least five members of Council, or otherwise to take effect and be in force after the earliest pe- riod allowed by law, authorizing and directing the Director of Planning and Development, on behalf of the City of Lakewood Land Reutilization Program, to transfer the real property de- scribed herein, formerly bearing permanent parcel number 311 -14 -102, to Clifton Pointe II LLC, pursuant to Section 5722.07 of the Ohio Revised Code and Section 155.07 of the Codified Ordi- nances, for $1 and other good and valuable consideration. WHEREAS, following a foreclosure and sheriff's deed recorded in 2010, the City of Lakewood Land Reutilization Program became the titled owner of real property formerly bearing permanent parcel number 311 -14 -102, located on the north side of Sloane Avenue; and WHEREAS, that parcel of land was and remains vacant and nonproductive; and WHEREAS, the City of Lakewood Land Reutilization Program was formed by Ordi- nance 55 -07 on July 5, 2007, under the provisions of Chapter 5722 of the Ohio Revised Code, to bring nonproductive land within the City back into productivity; and WHEREAS, Section 5722.07 of the Ohio Revised Code enables cities holding property in the name of a land reutilization program to sell that property, without competitive bidding, at such times, to such persons, and upon such terms and conditions, and subject to such restrictions and covenants as it deems necessary or appropriate to assure the land's effective reutilization; and WHEREAS, Section 5722.07 of the Revised Code requires that such property be sold at not less than its fair market value; and WHEREAS, the real property formerly bearing permanent parcel number 311 -14 -102, located on the north side of Sloane Avenue, has no marketable value because it is 7.5 feet by 18.25 feet in area, is landlocked without means of egress to a public right -of -way, and was the subject of court orders in 1990 and 1991 forever tying it to its adjoining parcel, 311 -14 -017; and WHEREAS, the adjoining parcel, 311 -14 -017, is owned by Clifton Pointe II LLC, which intends to return the real property formerly bearing parcel number 311 -14 -102 to productive sta- tus; 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