Ohio City Purchases Land From Living Trust to Improve Park

Mar 30, 2011 - LegalZoom News Sources
Ohio City Purchases Land From Living Trust to Improve Park

At a recent Green, Ohio city council meeting, legislation was passed to approve the city's purchase of five acres of land from the Joseph R. Kuntz Living Trust for a total of $75,000.

The Suburbanite reports that the city will receive a partial grant of $56,250 for the purchase of the land, but it will be responsible for the remaining $18,750.

Green Mayor Dick Norton explained that the city could potentially purchase three more acres in the future, with the goal of making improvements to Kreigbaum Park.

In addition to the authorization of the land purchase, the council also appointed Randy Oing to the Parks and Recreation Board for the City of Green, according to the news provider.

Living trusts are often created as a means of transferring property to one's beneficiaries. However, unlike a last will and testament, a living trust may not need to go through probate, which can be a costly, lengthy process.