Explanation
The City of Columbus, Public Service Department, Transportation Division, received a request from Prospect Wango, LLC, and from Hawkstone Associates, asking that the City sell them a portion of the Access Road near the northwest corner of Olentangy River Road and Ackerman Road. Prospect Wango, LLC, intends to construct a new restaurant in the same location as the former McDonald's Restaurant in the University Shopping Center and the site, as it currently exists, is not large enough to accommodate the proposed restaurant building with a code required drive thru window stacking lane and escape lane. Sale of this right-of-way will increase the size of the adjacent lots and allow for the proposed redevelopment of this site. Per current Transportation Division practice, comments were solicited from interested parties, including City departments, private utilities and applicable area commissions, before it was determined that there would be no adverse impact to the City upon transfer of this right-of-way. The Department of Law, Real Estate Division, established a value of $4.72 per square foot for a total value of $36,802.96 for this right-of-way. The Land Review Commission voted to recommend that these rights-of-way be transferred to Prospect Wango, LLC, and Hawkstone Associates for a total of $36,802.96 as established by the Real Estate Division.
Fiscal Impact: The City will receive a total of $36,802.96, to be deposited in Fund 748, Project 537650, as consideration for the transfer of the requested right-of-way.
Emergency Justification: Emergency action is requested so that this right-of-way can be transferred without delay and Prospect Wango, LLC, can begin their outdoor site development before the end of this construction season.
Title
To authorize the Director of the Public Service Department to execute those documents required to transfer that right of way identified as a portion of the Access Road near the northwest corner of ...
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