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2025-009 Ordinance
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2025-009 Ordinance
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Last modified
2/20/2025 11:25:26 AM
Creation date
2/20/2025 11:17:05 AM
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North Olmsted Legislation
Legislation Number
2025-009
Legislation Date
2/18/2025
Year
2025
Legislation Title
Purchase Permanent Parcel 233-26-067 from Rini Bros LLC
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.Summary of'Inmorlant Facts mut Conclusions <br />Address: <br />A 1.2313 acre parcel along Crocker -Stearns Road <br />north of Lorain Road, North Olmsted, Cuyahoga <br />County, Ohio <br />Property Type: <br />Vacant land <br />Intended Use: <br />The intended use of the report is for possible <br />acquisition of of the subject property, to combine it <br />with the adjacent former forest School property for <br />development. <br />Intended User: <br />The intended users of this report are officials of the <br />City of North Olmsted <br />Owner of Record: <br />Rini Brothers, LLC <br />Permanent Parcel Numbers: <br />1.2313 acre northern part of 233-26-067 <br />Land Area: <br />1.2313 acres <br />Zoning: <br />B One Family Residence <br />Highest & Best Use As If Vacant: <br />Residential development in combination with the <br />adjacent parcels <br />Date of the Report: <br />October 25, 2024 <br />Date of Value: <br />October 15, 2024 <br />Value Indications: <br />Indicated Value from Sales Comparison Approach $15,000 <br />Indicated Value from Income Approach N/A <br />Indicated Value from Cost Approach N/A <br />Correlated Fair Market Value Conclusion: $15,000 <br />C. P. BRAMAN & CO., INC. - Rcal I:almc Appraisals & Consulting www. cp�u wm <br />
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