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(123rd General Assembly)(Substitute House Bill Number 235)
To authorize the Director of Administrative Services to offer for sale at
public auction certain state-owned real estate located in Lucas County.
Be it enacted by the General Assembly of the State of Ohio:
SECTION 1 . The Governor is hereby authorized to execute a deed
in the name of the State conveying to the purchaser determined under
procedures prescribed in this act, and the purchaser's successors and assigns
or heirs and assigns, all of the state's right, title, and interest in the
following described real estate:
Situate in the State of Ohio, Lucas County, City of Toledo, being those lands
conveyed to the State of Ohio
by Order of the United States Bankruptcy Court, Central District of
California, Case Number SB-93-22207-DN, of record in Official Record 93 0524
D09, having been transferred to said State of Ohio by Deed of Record in
Official Record 98 531 A10, Recorder's Office, Lucas County, Ohio, being
located at 5109 Tractor Road, Toledo, Ohio, and being
more particularly described as follows:
Premises at Tractor and Laskey Roads, described as all of Lots 13, 14, 15, 16
and 17 and the North 150 feet of Lots 1 and 2, excepting therefrom said Lots 1
and 2 the West 60 feet thereof, in C.V. Beck Industrial Addition in the City
of Toledo, Lucas County, Ohio.
SECTION 2 . (A) Not later than ninety days after the effective
date of this act, the Director of Administrative Services
shall offer the
real estate for sale at public auction. The real estate shall be subject to
the minimum bid of not less than $70,000. The public auction shall
be held on the real estate described in Section 1 of this act.
The director shall advertise the auction in a newspaper of
general circulation in Lucas County at least once a week for three
consecutive weeks immediately prior to the date of the auction.
The real estate shall be sold at the public auction to the
highest bidder. The director may reject all bids for any reason.
(B) The successful bidder shall pay at least ten per cent of the purchase
price in cash, by bank draft, or by certified check at the time
of sale, and shall pay the balance of the purchase price within
sixty days of the date of the sale. If the purchaser does not
complete the conditions of the sale as specified in this
division, the director may void the sale by giving the
defaulting purchaser written notice to that effect. The written notice
voiding the sale shall be mailed to the defaulting purchaser by certified
mail, return receipt requested. If the
director voids the sale, the part of the purchase price paid at
the time of the sale shall be forfeited to the state as
(C) If the purchase is
not completed and the sale is voided, the director may sell
the real estate to the second highest bidder at
the public auction held pursuant to this section.
SECTION 3 . The real estate described in Section 1 of this act
shall be sold as an entire tract and not in parcels.
SECTION 4 . The Department of Commerce shall pay the advertising
costs, appraisal fees, and other costs incurred in connection
with the sale of the real estate described in Section 1 of this
SECTION 5 . Upon payment of the purchase price, the Auditor of
State, with the assistance of the Attorney General, shall
prepare a deed to the real estate described in Section 1 of this
act. The deed shall be
executed by the Governor in the name of the State, countersigned
by the Secretary of State, sealed with the Great Seal of the
State, presented in the Office of the Auditor of State for
recording, and delivered to the purchaser. The purchaser shall present
the deed for recording in the Office of the Lucas County
SECTION 6 . The net proceeds of the sale of the real estate
described in Section 1 of this act shall be deposited in the
State Treasury to the credit of the State Fire Marshal's Fund
created in section 3737.71 of the Revised Code.
SECTION 7 . This act expires one year after its effective date.