Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Speedway, LLC., asking that the City sell a 0.0054 acre portion of the right-of-way adjacent to East Broad Street, west of Ashburton Road. Transfer of this right-of-way will facilitate the construction of a new retail facility on property owned by Speedway, LLC located at 3304 East Broad Street.
Per current practice, comments were solicited from interested parties, including City agencies, private utilities and the applicable area commission, before it was determined that, subject to the retention of a general utility easement for those utilities currently located within this right-of-way, 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 $317.00 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 Speedway, LLC for $317.00.
2. FISCAL IMPACT:
The City will receive a total of $317.00 that will be deposited in Fund 748, Project 537650, as consideration for the transfer of the requested right-of-way.
Title
To authorize the Director of the Department of Public Service to execute those documents required to transfer a 0.0054 acre portion of the right-of-way adjacent to East Broad Street, west of Ashburton Road, adjacent to property owned by Speedway, LLC located at 3304 East Broad Street.
Body
WHEREAS, the City of Columbus, Department of Public Service, received a request from Speedway, LLC asking that the City transfer a 0.0054 acre portion of the right-of-way adjacent to East Broad Street, west of Ashburton Road, adjacent to property owned by Speedway, LLC, located at 3304 East Broad Street, to them; and
WHEREAS, acquisition of the right...
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