Explanation
Background: The City of Columbus ("City"), pursuant to Ordinance 0181-2006, entered into an option agreement with Gowdy Partners LLC ("Gowdy"), an Ohio limited liability company, for the conveyance of up to 2.529 acres of City owned land, commonly known as 739 W. Third Avenue/681 W. Third Avenue. The City, pursuant to Ordinance 0892-2008, also entered into a real estate purchase contract with Gowdy Partners III, LLC for the sale of an additional 4.849 acres of said real property. Ordinance 1742-2008, authorized the Director of Finance and Management to amend the real estate purchase contract with Gowdy Partners III, LLC, to make necessary changes to the terms of the real estate purchase contract, including reducing the acreage from 4.849 acres to 4.674 acres. Gowdy and Gowdy Partners III, LLC intend to purchase the above-referenced City owned properties for redevelopment as their Gowdy North Project. A common driveway is necessary to provide sufficient ingress and egress to and from the Gowdy North Project, as well as the remainder of the City's property, to W. Third Avenue. Gowdy Partners III, LLC has agreed to pay all the costs associated with the construction of the common driveway; to construct the common driveway to the standards as approved by the City; to be responsible for future maintenance and upkeep of the common driveway; and to make additional site improvements on the City's remaining property as are necessary as a result of the construction of the common driveway.
Fiscal Impact: N/A
Emergency Justification: Emergency action is requested as not to delay the benefit to the City, which will result from the construction and installation of a common driveway and other site improvements on City property.
Title
To authorize the Director of the Department of Finance and Management to enter into, grant and accept a Common Driveway Easement and Maintenance Agreement with Gowdy Partners III, LLC, an Ohio limit...
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