Explanation
1. BACKGROUND
The City of Columbus, Department of Public Service, received a request from State Automobile Mutual Insurance Company asking that the City sell the right-of-way identified as the north-south alley, east of Washington Avenue, between East Broad and Capital Streets. Transfer of this right-of-way will allow for the construction of improved parking facilities. Per current practice, comments were solicited from interested parties, including City agencies, private utilities and the applicable area commission, before it was determined that the City will not be adversely affected by the transfer of this right-of-way. The Department of Public Service submitted a request to the Department of Law, Real Estate Division, asking that they establish a value for this right-of-way. A value of $56,250.00 was established for this right-of-way. After review of the request, the Land Review Commission voted to recommend the above referenced right-of-way be transferred to State Automobile Mutual Insurance Company for $56,250.00.
2. FISCAL IMPACT
The City will receive a total of $56,250.00 that will be deposited in Fund 748, Project 537650, as consideration for the transfer of the requested right-of-way.
3. EMERGENCY JUSTIFICATION
Emergency action is requested to allow this transfer to occur as soon as possible, thereby allowing State Automobile Mutual Insurance Company to complete their transfer and allow State Automobile Mutual Insurance Company to proceed with construction plans without further delay in order to avoid incurring additional costs that would place strain on the project budget.
Title
To authorize the Director of the Department of Public Service to execute those documents required to transfer the north-south alley, east of Washington Avenue, between East Broad and Capital Streets, to State Automobile Mutual Insurance Company; and to declare an emergency.
Body
WHEREAS, the City of Columbus, Department of Public Serv...
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