Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from 85 North High Street, LLC. asking that the City sell a 0.021 acre parcel of the Fisher Alley right-of-way, which is adjacent to property owned by 85 North High Street, LLC. Transfer of this right-of-way will facilitate the development of property currently owned by 85 North High Street, LLC., adjacent to the above noted right-of-way, located at Wall and Gay Streets. 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 $1,829.50 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 85 North High Street, LLC. for $1,829.50.
2. FISCAL IMPACT:
The City will receive a total of $1,829.50 that will be deposited in Fund 7748, Project P537650, 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 0.021 acre parcel of the Fisher Alley right-of-way to 85 North High Street, LLC., which is adjacent to property owned by 85 North High Street, LLC. located at Wall and Gay Streets. ($0.00)
Body
WHEREAS, the City of Columbus, Department of Public Service, received a request from 85 North High Street, LLC. asking that the City transfer a 0.021 acre parcel of the Fisher Alley right-of-way, adjacent to property owned by 85 North High Street, LL...
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