Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Arlington Properties Inc., asking that the City transfer a 0.584 acre portion of the Candlelite Lane right-of-way, east of Old State Road and north of Polaris Parkway. Transfer of this right-of-way will facilitate the development of property currently owned by Arlington Properties Inc., adjacent to the above noted right-of-way. The applicant wishes to acquire the right-of-way in order to combine a number of parcels to facilitate the residential development of those parcels. The Department of Public Service has agreed to transfer the right-of-way as described in the attached exhibit. 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 $101,756.00 was established for this right-of-way. After review, the request was submitted to the Land Review Commission on February 15, 2018. The Land Review Commission voted to recommend the above referenced right-of-way be transferred to Arlington Properties Inc., for the amount of $101,756.00.
2. FISCAL IMPACT:
The City will receive a total of $101,756.00 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 0.584 acre portion of the Candlelite Lane right-of-way to Arlington Properties Inc. ($0.00)
Body
WHEREAS, the City of Columbus, Department of...
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