Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from The Kroger Company asking that the City sell a 0.27 acre portion of the Chesapeake Avenue right-of-way west of Northwest Boulevard. Transfer of this right-of-way will facilitate the expansion of an existing store located on property adjacent to the above noted right-of-way. 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 this right-of-way, the City will not be adversely affected by the transfer of this right-of-way. Then Department of Public Service submitted a request to the Department of Law, Real Estate Division, asking that they establish a value for this right-of-way. A value of $34,705.00 was established for this right-of-way. A request for mitigation was submitted by The Kroger Company and after review of the request and based upon meeting a number of mitigating circumstances, the Land Review Commission voted to recommend a reduction in the established value, and the above referenced right-of-way be transferred to The Kroger Company for $18,271.00.
2. FISCAL IMPACT:
The City will receive a total of $18,271.00 that will be deposited in Fund 748, Project 537650 as consideration for the transfer of the requested right-of-way.
Title
To authorize the Director of the Department of Public Service to execute those documents required to transfer a 0.27 acre portion of the Chesapeake Avenue right-of-way west of Northwest Boulevard to The Kroger Company.
Body
WHEREAS, the City of Columbus, Department of Public Service, received a request from The Kroger Company, asking that the City transfer a 0.266 acre portion of the Chesapeake Avenue right-of-way west of Northwest Boulevard, to them; and
WHEREAS, acquisition of this...
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