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TO AUTHORIZE THE MAYOR TO ENTER INTO MASTER MEMORANDUM OF UNDERSTANDING REGARDING RECLAMATION, REHABILITATION, AND REUTILIZATION OF VACANT, ABANDONED, TAX-FORECLOSED OR OTHER REAL PROPERTY IN THE CITY OF GAHANNA, OHIO, WITH THE CENTRAL OHIO COMMUNITY IMPROVEMENT CORPORATION (COCIC)
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WHEREAS, COCIC has become the Land Bank Reutilization Corporation for Franklin County (Land Bank); and
WHEREAS, the goal of the Land Bank is to strengthen neighborhoods by returning vacant, tax delinquent and abandoned property to productive use, strategically acquiring properties to reduce blight, promoting economic development, increasing property values and improving the quality of life for residents in Franklin County; and
WHEREAS, the Land Bank has the legal authority to acquire certain properties by initiating the tax foreclosure process and these properties are required to be tax delinquent, vacant and abandoned; and
WHEREAS, upon acquiring the property, the COCIC partners with the host community to reposition the property for future development; and
WHEREAS, this is a valuable tool for the City of Gahanna, and the Director of Planning & Development has recommended we proceed with the MOU;
NOW, THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That the Mayor is hereby authorized to enter into MASTER MEMORANDUM OF UNDERSTANDING, Regarding Reclamation, Rehabilitation, and Utilization of Real Property in the City of Gahanna, with the CENTRAL OHIO COMMUNITY IMPROVEMENT CORPORATION, 946 Parsons Avenue, Columbus, Ohio 43206.
Section 2. 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.