Explanation
Background: The City desires to grant to the State of Ohio, Department of Transportation (“ODOT”), three (3) highway easements, 1-LA, 2-LA, and 6-LA of City-owned real property, grant two (2) utility easements 2-UV and 6-UV, and grant four (4) eighteen month Temporary Easements, 1-T, 2-T, 6-T, and 28-T (“Real Estate”). All of the Real Estate is located in the vicinity of the Scioto River and Interstate 70. The City and ODOT are currently engaged in a joint project to transform the I70/71 corridor through downtown Columbus. The construction will encompass several individual projects and phases. As a part of ODOT’s [FRA-70-12.68] project (“Project”), the City will be granting the following parcels to ODOT: 1-LA a 1.5293 acre tract and 1-T a 1.4216 acre temporary easement that are a part of Franklin County Tax Parcel 010-023620; 2-LA a 0.6323 acre tract, 2-UV, a 0.0759 acre easement, and, 2-T a 1.2393 acre temporary easement that are part of Franklin County Tax Parcel 010-207321; 6-LA a 0.1874 acre tract, 6-UV a 0.2106 acre easement, and, 6-T a 0.2359 acre easement that are part of Franklin County Tax Parcel 010-066817; and 28-T a 0.7369 acre temporary easement that is part of[Franklin County Tax Parcel 010-066781.
The City’s Departments of Finance and Management, Recreation and Parks, Public Service and Public Utilities reviewed the requests and determined that the Real Estate requested by ODOT to complete the Project should be granted and that the City should accept the appraised fair market value for the property, as determined by ODOT, in the amount of Two Hundred Eighty Thousand Two Hundred and Forty and 00/100 U.S. Dollars ($280,240.00). Therefore, the following legislation authorizes the City’s Director of the Department of Finance and Management, with approval from the Directors of the Recreation and Parks Department, Department of Public Service and the Department of Public Utilities, to execute those documents as approved by the Columbus C...
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