Explanation
Pursuant to Ordinance 0310-2007, passed on March 5, 2007, the City of Columbus, Public Service Department, Transportation Division, transferred a 7 ½ foot ± wide strip of right-of-way along the east line of Fourth Street from Gay Street to a point 75 feet ± north thereof; a 6 foot wide strip of right-of-way along portions of the north line of Gay Street from Fourth Street to Fifth Street; and all of Young Street from the north right-of-way line of Gay Street to the south right-of-way line of Elm Street to Gay Street Condominium, LLC ("the Developer"). Transfer of the above referenced rights-of-way allowed the Developer to begin construction of a multi unit residential condominium development in that area bounded by Fourth Street, Gay Street, Grant Avenue and Long Street. In recognition of the return value this development would provide the City of Columbus, City Council approved the transfer of these rights-of-way at no charge to the developer.
In late November 2007 the Developer contacted the Transportation Division asking that the City transfer to them two (2) additional 6 foot wide by 23 foot long strips of right-of-way along the north line of Gay Street between Fourth Street and Fifth Street. Because these strips fall within the limits of their original request, and were previously researched as a part of the original request, the Transportation Division did not solicit comments a second time from interested parties before determining that the City will not be adversely affected by the transfer of these strips of right-of-way. A value of $7,176.00 has been established for these additional right-of-way transfers, however, in recognition of the findings of the City's Land Review Commission and City Council during the original review of right-of-way transfers in this area, said findings being a substantial increase in tax revenue, including but not limited to real property and income taxes, generated by the development of this project, in re...
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