Explanation
1. BACKGROUND
For the past several years the City of Columbus (the "City") and NWD Investments, LLC have been actively involved in the redevelopment of that area of the City now known as "the Arena District". As a part of this joint redevelopment project, the plans for the Arena West area include further improvements to Neil Avenue and Brodbelt Lane. NWD Investments, LLC is planning to construct Arena West Development Flats II. To facilitate the construction of this project NWD Investments, LLC has agreed to donate to the City of Columbus the right-of-way needed for the improvements proposed by #2907 Dr E Neil Avenue and Vine Street plan. In exchange for this donation, NWD Investments, LLC has requested the City abandon as right-of-way and transfer to them that portion of existing Neil Avenue at the Northeast corner of Neil Avenue and Brodbelt Lane. The property being transferred to the City by NWD Investments, LLC totals 0.002 acres and the excess right-of-way to be transferred to NWD Investments, LLC by the City totals 0.002 acres. After investigation and plan review it has been determined the exchange of these parcels of land is in the best interest of both parties and should be authorized.
2. FISCAL IMPACT
n/a
3. EMERGENCY DESIGNATION
Emergency action is requested to allow the construction of the proposed improvements to proceed as quickly as possible. Plans are currently being signed and construction of this improvement project is anticipated to begin this construction season.
Title
To authorize the Director of the Department of Public Service to execute those documents, prepared by the Department of Law, Real Estate Division, needed to transfer a portion of existing Neil Avenue to NWD Investments, LLC; to accept proposed right-of-way needed by the City of Columbus for the #2907 Dr E Neil Avenue and Vine Street project from NWD Investments, LLC, to the extent that they may apply to these transfers to waive the competitive bidding prov...
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