02-19 - Authorize Sale of Vacant Parcel at 1468 W. 117th St.

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Placed on first reading and referred to Public Safety Committee 1/22/19, second reading 2/4/19. Please substi- tute for the original. E.ndarson, Bullock, George, Litter, O'Leary, OWalley, Ruder ORDINANCE NO. 2-19 BY: 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 Develop- ment or the Mayor to enter into an agreement for sale the real property located at 1468 W. 117' Street, Lakewood, Ohio (PPN 315 -13 -103). WHEREAS, the City of Lakewood Land Reutilization Program was formed 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 City of Lakewood Land Reutilization Program is the owner of the above listed commercially zoned property; and WHEREAS, the purchaser wished to construct a parking lot on the parcel in order to sup- port an abutting business; 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 WHEREAS, as set forth in Section 2.12 of the Third Amended Charter of the City of Lakewood, this Council by a vote of at least two thirds of its members determines that this ordi- nance is an emergency measure and that it shall take effect immediately, 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 departments, in that these properties should be marketed for sale as soon as is reasonably possible to recover funds invested in them; now, therefore, BE IT ORDAINED BY THE CITY OF LAKEWOOD, OHIO: Section 1. The Director of Planning and Development ( "Director ") or Mayor is hereby authorized and directed, on behalf of the City of Lakewood Land Reutilization Program, to enter into an agreement with Allen Chen for the sale of real property located at 1468 W. 117th Street,