Explanation
The City of Columbus, Public Service Department, Transportation Division, received a request from 221 North Front Street, LLC, asking that the City transfer portions of Hickory Street between Front Street and Marconi Boulevard to them. 221 North Front Street, LLC has submitted plans to the City of Columbus for the redevelopment of an existing vacant office building at 221 North Front Street into residential units. The acquisition of the requested excess Hickory Street right-of-way will allow them to provide small patios, decorative security fencing and a landscaped buffer for the new ground floor residential units. After investigation Transportation Division staff determined there were no objections to the transfer of the requested portion of excess right-of-way subject to the retention of a general utility easement for existing utilities currently located within this right-of-way. The Department of Law, Real Estate Division, established a value of $101,805.00 for this excess right-of-way, however, the Land Review Commission voted to recommend that this right-of-way be transferred to 221 North Front Street, LLC at no charge in recognition of the value of the landscaping to be installed and maintained by 221 North Front Street, LLC on adjacent right-of-way that will remain City of Columbus right-of-way and the substantial increase in real estate and income tax revenues that will be generated as a result of the conversion of this building from vacant office space to residential space.
Fiscal Impact: N/A
Title
To authorize the Public Service Director to execute those documents required to transfer portions of Hickory Street between Front Street and Marconi Boulevard to 221 North Front Street, LLC at no charge and to waive the competitive bidding provisions of Columbus City Codes.
Body
WHEREAS, the City of Columbus, Public Service Department, Transportation Division, received a request from 221 North Front Street, LLC, asking tha...
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