Explanation
1. BACKGROUND
The Franklin County, Ohio, Board of Commissioners (the "Commissioners") are engaged in the construction of a new county court house, to be known as the Halls of Justice Building (the "Court House"), on that property bounded by High Street on the east, Mound Street on the south, Front Street on the west and Main street on the north. Plans for this Court House indicate those portions of existing Wall Street, from Mound Street north to Main Street and Noble Street from High Street west to Front Street will be located beneath the building. The Commissioners have requested the City transfer these existing rights of way to them to accommodate construction of the Court House. Per current Transportation Division practice, comments were solicited from interested parties, including City departments, private utilities and applicable area commissions. It was determined there are utilities located within these rights of way; however, the Commissioners are working with the individual utility companies to relocate existing facilities and to provide new easements for the relocated utilities. It was also determined the City will need to retain ten foot (10') wide temporary construction easements for the City's River South, Phase 2, project, currently in design, over those portions of Wall Street, adjacent to Main Street and Noble Street adjacent to Front Street being transferred to the Commissioners. An independent appraisal prepared at the request of the Department of Law, Real Estate Division, on behalf of the Department of Public Service, Division of Transportation, established the value of these rights of way to be $2,093,000.00. The Commissioners have agreed to recognize the value of these rights of way as a credit toward the City's eventual purchase of the County's interest in the existing Municipal Court Building located at 375 South High Street and the City has agreed to accept this credit in lieu of a cash payment for these rights of ...
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