Explanation
The City of Columbus, Public Service Department, Transportation Division, received a request from Nationwide Realty Investors ("NRI") asking that the City sell them that right-of-way identified as a two foot wide portion of right-of-way off the west side of Neil Avenue from the north right-of-way line of Spring Street approximately 487 feet northerly and that the City grant them both aerial and foundation encroachment easements at the northwest corner of Neil Avenue and Spring Street. Sale of this right-of-way and the granting of the requested encroachment easements will allow for the rehabilitation of an existing building located at 237 Neil Avenue to include a covered parking facility and residential condominiums. Per current Transportation Division practice, comments were solicited from interested parties, including City departments, private utilities and applicable area commissions, before it was determined that there would be no adverse impact to the City upon transfer of this right-of-way, subject to the retention of a general utility easement for those utilities currently located within this portion of Neil Avenue, and upon the granting of the requested aerial and foundation encroachment easements. The Department of Law, Real Estate Division, established a total value of $35,317.36 for this right-of-way and these encroachment easements. The Land Review Commission voted to recommend that this right-of-way be transferred and these encroachment easements be granted to NRI at no charge in recognition of the value of the improvements undertaken by NRI at this location that will further the interest and welfare of the public; the willingness of NRI to absorb the cost of utility relocation from the right-of-way being transferred and a substantial increase in tax revenue generated by the redevelopment of this corner.
Emergency Justification: Emergency action is requested so that redevelopment of this corner can continue without interruption.
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