Explanation
Background: This ordinance authorizes the Director of the Department of Finance and Management to execute and acknowledge those documents, as approved by the Department of Law, Real Estate Division, necessary to grant fee simple title to Park Crescent Investments LLC of an approximately .24 acre section of property to be split from that city-owned real property located at 2500 Park Crescent Drive and identified as Franklin County Tax Parcel 010-126812.
The City owns real property located at 2500 Park Crescent Drive, Columbus, Ohio, identified as Franklin County Tax Parcel 010-126812 (“Property”). The adjacent parcel (PID 010-098800) at 2510 Park Crescent, formerly owned by Columbus City Schools (CCS), now owned by Park Crescent Investments LLC (PCI), is landlocked and does not have direct access to the right-of-way. It has been determined from research of property records that the paved driveway on the south end of the City’s property was installed by the original land developer, Western Land Investments, to provide access to the Park Crescent Drive right-of-way for the 2510 Park Crescent property and was in existence prior to the City’s 2005 purchase of the City’s property. There was no access agreement or recorded easement executed by Western Land Investment and Columbus City Schools documenting the shared use of the driveway. This issue recently came to light when PCI filed construction plans with the Department of Building and Zoning Services for review and permitting. The plans were rejected by the Department because the PCI property is landlocked and has no access agreement in place. PCI’s construction has been delayed until the access issue is resolved.
After an internal review and discussion with PCI, it has been determined that it is in the best interest of both the City and PCI to transfer ownership of the driveway portion of the City’s parcel (approximately .24 ac) to Park Crescent Investments LLC (PCI). In exchange for the transfer of...
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