Explanation
1. BACKGROUND
By virtue of a deed recorded in Deed Volume 131, page 151, the City of Columbus ("City") is the owner of land that was transferred to the City for the purpose of establishing an open street extending from High Street to Park Street. The street that was constructed for this purpose was named Doherty Alley and was eventually renamed Red Bird Alley. In conjunction with ongoing development/redevelopment of this part of the City, various streets and alleys have either been relocated or abandoned and then vacated. A portion of Park Street was re-routed to the southeast and became known as Front Street; Red Bird Alley was vacated, but only from High Street to the easterly right-of-way line of relocated Front Street, inadvertently leaving a small 0.007-acre triangle of Red Bird Alley as public right-of-way. NWD Investments, LLC ("NWD") owns the lands adjacent to and immediately west of this triangular parcel and a structure owned by NWD has been constructed over this parcel of residual right-of-way. NWD has requested the City quit claim this residual parcel of right-of-way to them to clear a cloud on the title to this property. The City has no current or planned need for this parcel, and has been informed by the Franklin County Auditor that immediately upon transfer of the parcel to NWD a new tax parcel number will be created for the tract and it will be combined with NWD's existing tax parcel. The following legislation authorizes the Director of the Department of Public Service to execute a quitclaim deed, prepared by the City Attorney's Office, which will transfer this 0.007 acre triangle of residual right-of-way to NWD, will generate a small amount of additional tax revenue and will clear a cloud on the title to this land.
2. FISCAL IMPACT
N/A
Title
To authorize the Director of the Department of Public Service to execute a quitclaim deed, prepared by the City Attorney's Office, which will transfer a 0.007 acre triangle...
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