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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.
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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 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 City agrees to the purchase price of $205,000 for the property attached as Exhibit A with the option to purchase the remainder of the VFW owned property for a total not exceed $425,000 and said amount 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 to execute any and all documents necessary for said purchase 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 ...
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