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ORDINANCE 10-2021 -AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of 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 or the Mayor to enter into an agreement with a licensed real estate broker to market for sale the real property located at 1461 St. Charles Avenue, Lakewood, Ohio (PPN 314-04-031) and 1458 Belle Avenue, Lakewood, Ohio (PPN 314-04-045) for a period of 180 days, pursuant to Section 155.07 of the Codified Ordinances. Director Leininger explained that the Ordinance would authorize the City to sell two properties that were purchased in the 1980s — 1461 St. Charles and 1458 Belle Ave. The properties were transferred to the City upon closure of the former Lakewood Hospital. The two properties are among a group of nine, eight of which have homes. The City would like to begin selling these properties as tenants move out. The goal is to use HOME funds to improve the properties and to then require home ownership as a condition of the purchase. The City can also stipulate that the properties be sold to income-eligible individuals, creating new affordable housing in the City. Director Leininger also spoke about another property in the group which is vacant and in distress. The City will be looking to release an RFP for a developer to save the home. The City may also want to use HOME funds to have a new affordable housing opportunity built at the vacant lot. Director Leininger stated that all leases between the City and tenants at these properties are month to month. There is no pressure from the City to terminate the leases. It was stated that the homes would go to market for fair market value. They will sell as-is which may influence the price. Revenues from the sales will be deposited into the Lakewood Hospital account. Councilmember Kepple advocated for any new construction to be accessible. Councilmember Shachner acknowledged the one public comment that was submitted in opposition to this ordinance. The commenter was opposed because the ordinance did not mention anything about an appraisal. A roll call vote was taken as follows on the motion to recommend adoption of Ordinance 10- 2021: Yeas: Shachner, Kepple, Rader Nays: none Motion adopted. Ordinance 10-2021 recommended for adoption. Housing, Planning & Development Committee adjourned at 6:52 p.m. 4