Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Nationwide Realty Investors, asking that the City sell the portion of the Fletcher Street right-of-way from Spring Street to a point approximately 210 feet south of Nationwide Boulevard. Transfer of this right-of-way will facilitate the development of property adjacent to the parcel currently owned by Nationwide Realty Investors. 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 $18,257.00 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 Nationwide Realty Investors for $18,257.00.
2. FISCAL IMPACT:
The City will receive a total of $18,257.00 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 the portion of the Fletcher Street right-of-way from Spring Street to a point approximately 210 feet south of Nationwide Boulevard.
Body
WHEREAS, the City of Columbus, Department of Public Service, received a request from Nationwide Realty Investors, asking that the City transfer the portion of the Fletcher Street right-of-way from Spring Street to a point approximately 210 feet south of Nationwide Boulevard to them; and
WHEREAS, acquisition of the right-of-way will allow N...
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