AN ORDINANCE
WHEREAS, pursuant to Ordinance No. 4912, adopted April 6, 2020, the city acquired a parcel of real estate located at 1313 Far Hills Avenue (the “Property”) and subsequently demolished the single-family home thereon in order to facilitate a major capital improvement known as the 2023 Far Hills Storm Sewer Reconstruction Project (the “Project”); and
WHEREAS, the Project was specifically engineered and designed in such a way as to ensure that the Property could be utilized for the construction of a new single-family home upon its completion; and
WHEREAS, upon conclusion of the Project, Council intends to sell the Property in order to (1) partially recoup the public funds invested in its acquisition and demolition, and (2) ensure that it is returned to single-family use, which is the highest and best use for this residential location;
Pursuant to Section 151.02(B), it is hereby found and determined that the real property located at 1313 Far Hills Avenue is no longer needed for municipal purposes, with the exception of a utility easement that shall be retained over the location of a storm sewer pipe installed as part of said Project, such determination to take effect upon conclusion of the 2023 Far Hills Storm Sewer Reconstruction Project. A copy of the legal description for said real estate is attached as Exhibit A and is hereby incorporated by this reference.
At such time as Section I shall take effect, the City Manager is hereby authorized and directed to offer and sell the real property described on Exhibit A upon such terms and conditions as, in his managerial judgment, are deemed to be the most practical and beneficial to the city, provided that in doing so, he shall be guided by the fair-market value as determined by a licensed appraiser or realtor, and shall retain for the city an appropriate utility easement for the future maintenance and replacement of the storm sewer pipe installed upon the property.
It is hereby found and determined that all formal actions of this Council concerning and relating to the passage of this resolution were adopted in an open meeting of this Council, and that all deliberations of this Council and any of its committees that resulted in such formal action were in meetings open to the public, if required, in compliance with all legal requirements including Ohio R.C. 121.22.
This ordinance shall take effect as of the earliest date permitted by law.
Mayor William D. Duncan
CLERK OF COUNCIL