29-76 Purchase property on Cannon

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ORDINANCE NO. 29-76 BY: Messrs. Brockman, Chinnock, Magnotto, Salmon, Sinagra, Usher AN EMERGENCY ORDINANCE authorizing the Mayor on behalf of the City of Lake- wood to purchase the certain real estate known as PP. No. 311-23-53 in Lakewood, Ohio, hereinafter more particularly described. WHEREAS, this ordinance constitutes an emergency measure providing for-the immediate preservation of the public health and welfare and for the usual daily operation of a municipal department and for the further reason that the owners have agreed to sell said property for the consideration herein stipulated and this Council determines it to be in the best interest of the City that the property be purchased immediaCely so that the construction of the Webb Road Park can be commenced without any further delay; now, therefore, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That the Mayor be and he is hereby authorized and directed to purchase from Florence Mason, the following described property: Situated in tbe City of Lakewood, County of Cuyahoga' and State of Ohio, and known as being a part of Sub. Lot No. 1 in Carlos R. Atwells Subdivision of a part of Original Rockport Township Section No. 23, as shown by the recorded plat of said Subdivision in Volume 8 of Maps, Page 22 of Cuyahoga County Records and bounded and described as follows.: Beginning at a point distant 46 feet Westerly from the Southeasterly corner of Sub. Lot. No. 1 in the center line of Cannon Street (now vacated) thence Northerly parallel with the Easterly line of said'Sub. Lot No. 1 and the center line of Cannon Street (now vacated), 91.08 feet to the Northerly line of said Sub. Lot No. li thence Westerly along the Northerly line of said Sub. Lot No. l, 120 feet to a point; thence .Southerly parallel with the Easterly line of said Sub. Lot No. 1, 91.08 feet to the Southerly line of said Sub. Lot and thence Easterly along the Southerly line of Sub. Lot No. !, 120 feet to the place of beginning. and to pay therefor the sum of Six Thousand Five Hundred Dollars ($6,500.00). Section 2. That the title to said p~operty shall be subject to the approval of the Director of Law;· that taxes and assessments and rental income shall be prorated .as of the date of the filing of the Deed for record t~sing the last available tax rate and valuation for computing tax prorations; that the Director of Finance be and he is hereby authorized to pay the amounn set forth in Section 1 hereof from the 1975 Com- munity Development Funds upon delivery by the Grantor of a good and sufficient Warranty Deed to the City of Lakewood, together with guarantee of title disclosing the said real estate to be free and clear of all encumbrances excepting taxes and assessments not yet due and payable, zoning ordinances and restrictions of record, if any; and that the Director of Finance be and he is hereby authorized to pay the City's share of expenses incidental to the completion of the purchase including th~ cost of recording the deed, one half of the escrow fee and any prorata share chargeable to the City as purchaser. Section 3. That this ordinance is hereby declared to be an emergency measure for the reasons stated in the preamble hereof and provided it receives the' affirmative vote of two-thirds of all members elected to Council, it shall take effect and be in force immediately upon its adoption and approval by the Mayor. Adopted Approved Clerlc~ Mayor