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TO AUTHORIZE THE MAYOR TO ENTER INTO A REAL ESTATE PURCHASE AGREEMENT FOR THE VETERANS OF FOREIGN WARS OF THE UNITED STATES, TRI-COMMUNITY POST NO. 4719 FOR PROPERTY LOCATED AT 75 WEST JOHNSTOWN ROAD, GAHANNA OHIO 43230; AND TO ENTER INTO LEASE AGREEMENT WITH THE VETERANS OF FOREIGN WARS OF THE UNITED STATES, TRI-COMMUNITY POST NO. 4719.
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WHEREAS, Leadership of the Veterans of Foreign Wars of the United States, Tri-Community Post No. 4719 approached the City several years ago with a desire to sell their property to ensure their financial sustainability into the future; and
WHEREAS, the Director of Parks and Recreation has expressed an interest that the City purchase the property as a conservation priority, in order to maintain Gahanna’s long standing history of acquiring properties in the riparian corridor of the Big Walnut Creek; and
WHEREAS, further investigations into future park developments south of this parcel yielded additional utility that this acquisition provided; and
WHEREAS, this property assembled nicely to tie the Creekside Park area to the proposed Veteran’s Park, the Gahanna Swimming Pool, and St. Matthews Fields; and
WHEREAS, this parcel offers an alternative solution for access to these sites, removing heavy traffic from small, one-way, neighborhood streets that are adjacent to them and add much needed improvement to facilitate the existing traffic to these recreational sites and an important ingress/egress necessity for additional future park development in the area; and
WHEREAS, the total purchase price of this property will not exceed $425,000 and was established through a third mitigating appraisal by the Robert Weiler Co. in March, 2014.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, COUNTY OF FRANKLIN, STATE OF OHIO:
Section 1. That the Mayor is hereby authorized to enter into a Real Estate Purchase Agreement and any applicable legal instruments with the Veterans of Foreign Wars of the United States, Tri-Community Post No. 4719 for property located at 75 West Johnstown Road Gahanna, Ohio 43230, said Agreement attached hereto as EXHIBIT A, and made a part herein.
Section 2. That funding in the amount of TWO HUNDRED AND FIFTY THOUSAND DOLLARS ($205,000) is hereby supplementally appropriated from the unencumbered, unappropriated balance of the Capital Improvement Fund to Account No. 325.122.5531, Land Acquisition payable at the closing; $87,500 payable on the first anniversary of the date of the closing; and $87,500 payable on the second anniversary of the date of the closing.
Section 5. That this Ordinance shall be in full force and effect after passage by this Council and 30 days after date of signature approval by the Mayor.