| Sec. 323.78. Notwithstanding anything in Chapters 323.,
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|
5721., and 5723. of the Revised Code, if the county treasurer of a
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|
county having a population of more than one million two hundred
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|
thousand or of a county having a population of more than two | 14 |
|
hundred fifty thousand, but less than two hundred seventy-five | 15 |
|
thousand as of the most recent decennial census, in
any petition
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|
for foreclosure of abandoned lands, elects to invoke the
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alternative
redemption period, then upon any adjudication of
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|
foreclosure by
any court or the board of revision in any
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|
proceeding under
section 323.25, sections 323.65 to 323.79, or
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|
section 5721.18 of
the Revised Code,
the following apply: | 21 |
| (A) Unless otherwise ordered by a motion of the court or
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|
board of revision, the petition shall assert, and any notice of
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|
final
hearing shall include, that upon foreclosure of the parcel,
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|
the
equity of redemption in any parcel by its owner shall be
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|
forever
terminated after the expiration of the alternative
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|
redemption period, that the parcel thereafter may be sold at
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|
sheriff's sale either by itself or together with other parcels as
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|
permitted by law; or that the parcel may, by order of the court or
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|
board of revision, be transferred directly to a municipal
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|
corporation, township, county, school district, or county land
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|
reutilization
corporation without appraisal and without a sale,
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|
free and clear
of all impositions and any other liens on the
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|
property, which
shall be deemed forever satisfied and discharged. | 34 |
| (B) After the expiration of the alternative redemption period
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|
following an adjudication of foreclosure, by order of the court or
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|
board of revision, any equity of redemption is forever
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|
extinguished, and the parcel may be transferred individually or
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|
in lots with other tax-foreclosed properties to a municipal
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|
corporation, township, county, school district, or county land
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|
reutilization
corporation without appraisal and without a sale,
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|
upon which all
impositions and any other liens subordinate to
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|
liens for
impositions due at the time the deed to the property is
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|
conveyed
to a purchaser or transferred to a community development
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|
organization, county land reutilization corporation, municipal
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|
corporation, county, township, or school district, shall be deemed
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|
satisfied and
discharged. Other than the order of the court or
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|
board of revision
so ordering the transfer of the parcel, no
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|
further act of
confirmation or other order shall be required for
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|
such a transfer, or for the extinguishment of any right of
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|
redemption. No such parcel shall be transferred to a county land
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|
reutilization corporation after two years following the filing of
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|
its articles of incorporation by the secretary of state. | 53 |
| (C) Upon the expiration of the alternative redemption period
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|
in
cases to which the alternative redemption period has been
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|
ordered,
if no community development organization, county land
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|
reutilization corporation, municipal corporation, county,
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|
township, or school district has requested title to the parcel,
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|
the court or board of
revision may order the property sold as
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|
otherwise provided in
Chapters 323. and 5721. of the Revised
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|
Code, and, failing any bid
at any such sale, the parcel shall be
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|
forfeited to the state and
otherwise disposed of pursuant to
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|
Chapter 5723. of the Revised
Code. | 63 |
| Sec. 1724.04. A county having a population of more than
one | 64 |
|
million two
hundred thousand or a county having a population of | 65 |
|
more than two hundred fifty thousand, but less than two hundred | 66 |
|
seventy-five thousand as of the most recent decennial
census that | 67 |
|
elects under section 5722.02 of the Revised Code to
adopt and | 68 |
|
implement the procedures set forth in sections 5722.02
to 5722.15 | 69 |
|
of the Revised Code may
organize a county land
reutilization
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|
corporation under this
chapter and Chapter 1702.
of the Revised
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|
Code for the purpose of
exercising the powers
granted to a | 72 |
|
county
under Chapter 5722. of
the Revised Code. The
county | 73 |
|
treasurer of
the county for the
benefit of which the
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|
corporation is being
organized shall be the
incorporator of the
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|
county land
reutilization corporation. The
form of the articles
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|
of
incorporation of the corporation shall be
approved by
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|
resolution
of the board of county commissioners of
the county. A
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|
county land reutilization corporation may not be
organized under
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this chapter after the day that is one year after
the effective
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date of the amendment of this section by S.B. 353 of
the 127th
| 81 |
General AssemblyApril 7, 2009. | 82 |
| When the articles of incorporation of any community
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|
improvement
corporation, or any amendment, amended articles,
| 84 |
|
merger, or consolidation
which provides for the creation of such a
| 85 |
|
corporation, are deposited for
filing and recording in the office
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|
of the secretary of state, the secretary of
state shall submit
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|
them to the attorney general for examination. If such
articles,
| 88 |
|
amendment, amended articles, merger, or consolidation, are found
| 89 |
|
by
the attorney general to be in accordance with Chapter 1724. of
| 90 |
|
the Revised
Code, and not inconsistent with the constitution and
| 91 |
|
laws of the United States
and of this state, the attorney
general | 92 |
|
shall endorse thereon
the attorney general's approval
and deliver | 93 |
|
them to the
secretary of state, who shall file and
record them | 94 |
|
pursuant to section 1702.07
of the Revised Code. | 95 |