62-03 Ordinance RECORD OF ORDINANCES
D on Le al Blank Co. Form o. 30043
Ordinance No.....62.-03 Passed
An Ordinance Authorizing The Purchase Of A 3.563 Acre, More Or Less,
Parcel Of Land Located at 5800 Post Road, City of Dublin From Betty Jane
Nyrop, Appropriating Funds Therefore, And Declaring An Emergency
WHEREAS, a goal of the Dublin City Council is to continue to acquire land for
parkland purposes; and
WHEREAS, a 3.563 acre parcel of land located at 5800 Post Road is available
from a willing seller; and
WHEREAS, the City desires to enter into an agreement to purchase the property
located at 5800 Post Road as identified on the attached Exhibit for the amount of
$475,000; and
WHEREAS, it is necessary to amend the annual appropriations measure to
provide funding authorization to purchase property.
NOW, THERE ORE BE IT ORDAINED by the Council of the City of Dublin,
State of Ohio, ~ of the elected members concurring that:
Section 1. The City Manager is hereby authorized to execute a Real Estate
Purchase Agreement and any necessary closing documents related to the
acquisition of 5800 Post Road.
Section 2. There be appropriated from the unappropriated balance in the Capital
Improvements Tax Fund the amount of $480,000 to account 401-0314-780-2510
for the purpose of acquiring the property at 5800 Post Road.
Section 3. This Ordinance is declared to be an emergency measure necessary for
the immediate preservation of the public peace, health, safety or welfare, and for
the further reason to complete the transaction in accordance with the terms agreed
to by the parties.
Passed this day of , 2003.
Mayor -Presiding Officer
ATTEST:
Clerk of Council
I hereby certify that copies of this
Ordinance/Resolution were posted in the
City of Dublin in accordance with Section
731.25 of the Ohio Revised Code.
Jerk of Council, Dublin, Ohio
Deputy City Manager/Director of Finance
5200 Emerald Parkway • Dublin, OH 43017
Phone: 614-410-4400 • Fax: 614-410-4490 M e m o
CITY OF DUBLIN
To: Members of Dublin City Council
From: Jane S. Brautigam, City Managel~~.s .
Date: June 2, 2003
Initiated By: Marsha I. Grigsby, Deputy City Manager/Director of Finance
Re: Ordinance No. 62-03, An Ordinance Authorizing The Purchase Of 5800 Post Road
SUMMARY:
Betty Nyrop, the owner of the property located at 5800 Post Road, recently approached the City about
her desire to sell her property. The parcel of land is surrounded on three sides by land currently owned
by the City and the City desires to acquire the property for parkland purposes.
The City had an appraisal of the property completed. The appraisal report stated the market value of the
property was in the range of $450,000 to $500,000. As stated in Ordinance No. 62-03, the property
owner agreed to sell the property for $475,000.
The funding for the property will be available from money programmed for land acquisition in the
Capital Improvements Tax Fund (Fund 401) for the year 2004. As you are aware, the City allocates and
appropriates $500,000 a year in the Capital Improvements Program (CIP) and the Operating Budget for
land acquisition in Fund 401. The funding that has been programmed and appropriated in 2003 for land
and parkland acquisition has already been committed to specific acquisitions. The $500,000 that has
been programmed for 2004 will be appropriated in 2003 as identified in Ordinance 62-03 and the CIP
and 2004 Operating Budget will be adjusted accordingly.
RECOMMENDATION:
Staff recommends that Ordinance No. 62-03 be adopted as an emergency at the second reading
scheduled for June 23, 2003.
T:~20031049-ORD-062-03 MEMO.doc
Property Search Results Page 1 of 1
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