Explanation
BACKGROUND: Columbus City Council, by Ordinance 1883-2012 and 0175-2013 authorized the City of Columbus to enter into an Enterprise Zone Agreement (Agreement) with Pizzuti Short North LLC (Enterprise) to help in the creation of 217 new full-time permanent jobs and also related to the construction of a speculative 60,000 square foot facility housing 55,000 square feet of Class A office space and 5,000 square feet of retail space, to add a public parking garage consisting of approximately 313 spaces and a boutique hotel (known ad the Pizzuti Short North project).
The project site is located on parcels number 010-002258 and parcel number 010-052208 and the portion of Wall Street between Russell Street and Millay Alley, as that latter property is combined and/or split to form the parcel on which the garage will be constructed. The development of the Pizzuti Short North LLC project began over four years ago with the vision of bringing a boutique hotel experience to the Columbus region. Over the course of the project’s development, additional property became available adjacent to the original project site. This land was acquired and the site design refocused to install a one-of-a-kind mixed-use development within the district.
Pizzuti Short North LLC has requested the City waive the Land Review Commission requirements of Columbus City Code with respect to the transfer of the above referenced portions of Wall Street from the City to Pizzuti Short North LLC and that City Council consider approving the transfer of these rights of way as an emergency matter so that construction of the project can continue without delay. This legislation is to authorize the Director of the Public Service Department to execute those documents required to complete the transfer of the above mentioned rights-of-way to Pizzuti Short North LLC.
2. FISCAL IMPACT:
N/A
3. EMERGENCY JUSTIFICATION:
Emergency action is requested to allow this transfer to occur as soon as possible, t...
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