27-16 Market for Sale 3 Commercial Vacant Parcels

Home Browse Search

ORDINANCE NO. 27 -16 PLACED ON 1ST READING &:,REFERRED TO THE COMMITTEE OF THE WHOLE 5/2/16. SECOND READING 5/16/16. BY: Anderson, Bulloxk, Litten, Marx, Nowlin, O'Leary, O'Malley. 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 to en- ter into an agreement with a licensed real estate broker to market for sale the real property locat- ed at 11900 Madison Avenue (PPN 315 -15 -025), 1468 W. 117 °i Street (PPN 315 -13 -103), and 1482 -84 W. 117th Street (PPN 315 -14 -002) for a period of 120 days, pursuant to Section 155.07 of the Codified Ordinances. WHEREAS, the City is the owner of three commercially zoned, vacant parcels located at 11900 Madison Avenue, 1468 W. I I7'h Street, and 1482 -84 W. 117'x' Street; 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 of its members determines that this or- dinance is an emergency measure, and that this ordinance shall take effect at the earliest date possible as set forth in Article III, Sections 10 and 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 properties are currently vacant and immediate action is required; now, therefore, BE IT ORDAINED BY THE CITY OF LAKEWOOD, OHIO: Section 1. The Director of Planning and Development ( "Director ") is hereby authorized 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 11900 Madison Avenue (PPN 315 -15 -025), 1468 W. 117'x' Street (PPN 315 -13 -103), and 1482 -84 W. 117th Street (PPN 315 -14 -002) for a period of 120 days, pursuant to Section 155.07 of the Codified Ordinances. Section 2. Either the Director or the Director of Law is hereby authorized and directed to enter into agreements and execute all ancillary and related instruments for the sale of said real property upon presentation of an acceptable offer as determined by the Director. Section 3. The Director specifically is authorized to negotiate and or make counterpro- posals to any offer to purchase said real property, and shall, upon the close of the transaction, report to Council the details of the sale.