Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Famous Realty of Cleveland, Inc. asking that the City sell a 0.164 acre parcel of City right-of-way consisting of the unnamed east/west alley south of Bonham Avenue, and the unnamed north/south alley east of Cleveland Avenue. Transfer of this right-of-way will permit the combining of parcels currently owned by Famous Realty of Cleveland, Inc. and facilitate the future re-development of that property.
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 $5,240.00 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 Famous Realty of Cleveland, Inc. for $5,240.00.
2. FISCAL IMPACT:
The City will receive a total of $5,240.00 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 a 0.164 acre parcel of City right-of-way consisting of the unnamed east/west alley south of Bonham Avenue, and the unnamed north/south alley east of Cleveland Avenue, adjacent to property owned by Famous Realty of Cleveland, Inc., located at 917 Bonham Avenue.
Body
WHEREAS, the City of Columbus, Department of Public Service, received a request from Famous Realty of Cleveland, Inc. asking that the City ...
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