Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Schiff Capital Group, LLC., asking that the City sell a 0.023 acre portion of the right-of-way adjacent to North High Street, between East Long and East Spring Streets. Transfer of this right-of-way will facilitate the re-development of property adjacent to the above noted right-of-way located at 8 East Long Street, owned by Schiff Capital Group, LLC.
Per current practice, comments were solicited from interested parties, including City agencies, private utilities and the applicable area commission, before it was determined that, subject to the retention of a general utility easement for those utilities currently located within this right-of-way, the City will not be adversely affected by the transfer of this right-of-way. The Department of Public Service submitted a request to the Department of Law, Real Estate Division, asking that they establish a value for this right-of-way. A value of $1,336.50 was established for this right-of-way. After review of the request, the Land Review Commission voted to recommend the above referenced right-of-way be transferred to Schiff Capital Group, LLC. for $1,336.50.
2. FISCAL IMPACT:
The City will receive a total of $1,336.50 that will be deposited in Fund 748, Project 537650, as consideration for the transfer of the requested right-of-way.
Title
To authorize the Director of the Department of Public Service to execute those documents required to transfer a 0.023 acre portion of the right-of-way adjacent to North High Street, between East Long and East Spring Streets, adjacent to property owned by Schiff Capital Group, LLC., located at 8 East Long Street.
Body
WHEREAS, the City of Columbus, Department of Public Service, received a request from Schiff Capital Group, LLC. asking that the City transfer a 0.023 acre portion of the right-of-way adjacent to North High Street, between East Long and East Spring Str...
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