Explanation
The City of Columbus, Ohio ("City") and the State of Ohio, Department of Transportation ("ODOT") desire to exchange certain real property interests of equal acreage, for land located in the vicinity of Third Avenue and Olentangy River Road. The 2.458 +/- acre exchange will benefit both parties by allowing access to the Gowdy Park development, on the City's former heliport site, from Olentangy River Road, and in exchange ODOT will acquire highway easement rights, including limited access limitations, to property further south on Olentangy River near its State Route 315 exit and entrance ramp. The following legislation authorizes the Director of Finance and Management to execute a Purchase Contract between ODOT and the City and any ancillary documents necessary to obtain and accept a Quitclaim Deed for 2.458 +/- acres of real property from ODOT, and to grant ODOT a Quitclaim Deed of Highway Easement, including limited access limitations, for real property of equal acreage .
Fiscal Impact: The land exchange will equally benefit both the City and ODOT therefore no money will be involved.
Emergency Justification: Emergency action is requested to allow for the immediate benefit to the parties and their respective interests and to allow for the timely development of the Gowdy Park III project.
Title
To authorize the Director of the Department of Finance and Management to execute a Purchase Contract between ODOT and the City and any ancillary documents necessary to accept a Quitclaim Deed for 2.458 +/- acres of real property from ODOT; to grant ODOT a Quitclaim Deed of Highway Easement, including limited access limitations, for real property of equal acreage; and to declare and emergency.
Body
WHEREAS, The City of Columbus, Ohio ("City") and the State of Ohio, Department of Transportation ("ODOT") desire to exchange certain real property interests of equal acreage located in the vicinity of Third Avenue and Olentangy River Ro...
Click here for full text