Explanation
BACKGROUND
This Ordinance authorizes a payment to the City of Columbus Department of Public Service by the City of Columbus Department of Development for sale of excess right-of-way, file #2022-002 McDowell, in support of the Gravity Project III, a mixed-use development within the Franklinton Community.
The Land Review Commission approved disposition of approximately 7,200 +/- feet of unnamed 16’ alley abutted to the south and west by parcel 010-050085, to the north by parcel 010-021196, to the west by parcel 010-000899, and to the east by parcel 010-057684.
Disposition of the alley supports construction of the Gravity Project III, a mixed-use building that will span the alley, for economic development purposes. A value of $142,126.32 has been determined for this right-of way.
FISCAL IMPACT: Funding is available in the Neighborhood Economic Development fund (2237). An ACDI is requested and an internal bill will be processed to transfer the funds.
Emergency action is necessary in order to complete disposition of the alley as approved by the Land Review Commission in order to facilitate commencement of construction for the Gravity Project III.
Title
To authorize payment to the City of Columbus Department of Public Service by the City of Columbus Department of Development for sale of excess right-of-way in support of the Gravity Project III, a mixed-use development within the Franklinton Community; and to authorize the appropriation and expenditure of $142,126.32 from the Neighborhood Economic Development fund; and to declare an emergency. ($142,126.32)
Body
WHEREAS, Gravity Project III, LLC petitioned the City of Columbus to vacate right-of-way in support of a mixed-use construction project; and
WHEREAS, the Land Review Commission approved disposition of approximately 7,200 +/- feet of unnamed 16’ alley abutted to the south and west by parcel 010-050085, to the north by parcel 010-021196, to the west by parcel 010-000899, and to th...
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