Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Class One Commercial Realty and Investments, LLC, asking that the City transfer a portion of the Beaumont Avenue right-of-way between Strimple and Minerva Avenues, and a portion of the unnamed east/west right-of-way east of Beaumont Avenue between Strimple and Minerva Avenues, totaling 0.167 acres (7,275 square feet). Transfer of this right-of-way will facilitate the residential re-development of two (2) single family homes on property currently owned by Class One Commercial Realty and Investments, LLC, adjacent to the above noted right-of-way, located at 2194 Strimple Avenue. The Department of Public Service has agreed to transfer the right-of-way as described in the attached exhibit and extinguish the underlying fee. 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 City Attorney's Office, Real Estate Division, asking that they establish a value for this right-of-way. A value of $5,445.00 was established for these rights-of-way. This request went before the Land Review Commission on August 16, 2018. After review of the request, the Land Review Commission voted to recommend the above referenced rights-of-way be transferred to Class One Commercial Realty and Investments, LLC, for the amount of $5,445.00.
2. FISCAL IMPACT:
The City will receive a total of $5,445.00 that will be deposited in Fund 7748, Project P537650, as consideration for the transfer of the requested rights-of-way. ($0.00)
Title
To authorize the Director of the Department of Public Service to execute thos...
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