Explanation
The City of Columbus, Public Service Department, Transportation Division, received a request from MORSO Holding Co. ("MORSO") asking that the City transfer to MORSO those rights-of-way identified as that portion of Old Stelzer Road, from Rylett Avenue north to Morse Road, and those portions of Rylett Avenue east and west of Relocated Stelzer Road, Eastman Court, east of Old Stelzer Road and Burnbury Road, east and west of Old Stelzer Road. Transfer of these rights-of-way will allow for lot consolidation and will facilitate redevelopment of MORSO's adjacent properties. Per current Transportation Division practice, comments were solicited from interested parties, including City departments, private utilities and applicable area commissions, before it was determined that there would be no adverse impact to the City upon transfer of these rights-of-way, subject to the retention of a general utility easement for those utilities currently located within these rights-of-way.
The Department of Law, Real Estate Division, established a total value of $386,333.64 for these rights-of-way; MORSO has, however, requested that these rights-of-way be transferred to them in exchange for the dedication of the additional rights-of-way needed for the Easton Square Place extension. Under the terms and conditions of the "Guaranteed Maximum Price Reimbursement Agreement for Easton Square Place Roadway Improvements" dated August 25, 2006 by and between the City and MORSO (the "Reimbursement Agreement"), the City has engaged MORSO to act as its general contractor for the engineering, design and construction of the "Improvements" described in the Reimbursement Agreement, essentially being a portion of the Easton Square Place roadway and related utilities and improvements. In connection with the Reimbursement Agreement, the City has agreed to reimburse MORSO for certain costs and expenses associated with the performance of its duties. Under the terms of the Reimbursem...
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