Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Brick Investment Corporation, asking that the City sell them the rights-of-way identified as a portion of the Lucas Street right-of-way between Rich and Town Streets, a portion of the first north/south alley west of Lucas Street between Walnut and Rich Streets, and a portion of the Walnut Street right-of-way between the westerly line of the CSX Transportation, Inc. property and the first alley west of Lucas Street, totaling 0.876 acres. Transfer of these rights-of-way will facilitate the development of property adjacent to the above noted right-of-way, owned by Brick Investment Corporation. 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 these rights-of-way, the City will not be adversely affected by the transfer of these rights-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 these rights-of-way. A value of $41,514.00 was established for these rights-of-way. In order to satisfy a requirement of the Division of Mobility Options regarding continued pedestrian access, Brick Investment Corporation has agreed to grant an eight (8) foot Sidewalk Easement in the above noted rights-of-way, and Brick Investment Corporation submitted a request for mitigation of the established value of the aforementioned right-of-way. The value of the Sidewalk Easement was determined to be $4,178.00. After review of the request, the Land Review Commission voted to recommend the cost of the above referenced rights-of-way be reduced by the value of the easement and transferred to Brick Investment Corporation for the amount of $37,336.00.
It was determined b...
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