Explanation
1. BACKGROUND
The City of Columbus, Department of Public Service, received a request from National Church Residences, on behalf of The Commons at Buckingham Housing, Limited Partnership, ("The Commons") asking that the City transfer a 25 foot wide strip of right-of-way off the north side of Buckingham Street, where 6th Street intersects with Buckingham, to The Commons. The Commons plans to construct a multi unit short term residential facility on the north side of Buckingham at this intersection. The 25 foot wide strip of right-of-way will be used to provide parking for visitors and social service providers assisting the residents of this facility. Per current practice, comments were solicited from interested parties, including City departments, private utilities and applicable area commissions, before it was determined that, subject to the retention of a general utility easement for those utilities currently located within this right-of-way and the retention of a 7 foot wide sidewalk easement over the north side of this strip City will not be adversely affected by the proposed transfer to The Commons. Additionally, as a part of their site development The Commons has agreed to construct a radius improvement to the southwest corner of Buckingham and 6th Streets. This radius improvement will ensure the adjacent property owner (Abbott Laboratories) will continue to have unimpeded access to their site on the west side of 6th Street. The Department of Public Service submitted a request to the Department of Law, Real Estate Division, by asking that they establish a value for this right-of-way. A value of $27,225.00 was established for this right-of-way. After review, the Land Review Commission voted to recommend that the above referenced unimproved right-of-way be transferred to The Commons for $27,225.00.
2. FISCAL IMPACT
The City will receive a total of $27,225.00, to be deposited in Fund 748, Project 537650, as consideration for the transf...
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