Ohio Code § 5722.13

§ 5722.13.

Real property acquired and held by an electing subdivision pursuant to this chapter

that is not sold or otherwise transferred within fifteen years after such acquisition

shall be offered for sale at public auction during the sixteenth year after acquisition.  If the real property is not sold at that time, it may be disposed of or retained

for any lawful purpose without further application of this chapter. Notice of the sale shall contain a description of each parcel, the permanent parcel

number, and the full street address when available.  The notice shall be published once a week for three consecutive weeks prior to the

sale in a newspaper of general circulation within the electing subdivision.  The newspaper shall meet the requirements of section 7.12 of the Revised Code . Each parcel subsequent to the fifteenth year after its acquisition as part of a land

reutilization program shall be sold for an amount equal to not less than the greater

of: (A) Two-thirds of its fair market value; (B) The total amount of accrued taxes, assessments, penalties, interest, charges, and

costs incurred by the electing subdivision in the acquisition, maintenance, and disposal

of each parcel and the parcel's share of the costs and expenses of the land reutilization

program. The sale requirements of this section do not apply to real property acquired and held

by a county land reutilization corporation.