Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from the Edwards Companies asking that the City sell a 0.0283 acre portion of the east/west alley south of East Long Street between Sixth and Milton Streets. Transfer of this right-of-way will facilitate the development of property adjacent to the above noted right-of-way, owned by the Edwards Companies.
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.
The 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 $21,875.00 was established for this right-of-way. The Edwards Companies has submitted a request for mitigation of the cost of the right-of-way based upon their intent to construct a new alley south of the existing right-of-way. In accordance with a Memorandum of Understanding entered into between the Edwards Companies and the City of Columbus, this new alley will be constructed according to City of Columbus standards. After review of the request, the Land Review Commission voted to recommend the above referenced right-of-way be transferred to the Edwards Companies at no cost.
2. FISCAL IMPACT:
None.
Title
To authorize the Director of the Department of Public Service to execute those documents required to transfer a 0.0283 acre portion of the east/west alley south of East Long Street between Sixth and Milton Streets, adjacent to property owned by the Edwards Companies, located at East Long and Sixth Streets.
Body
WHEREAS, the City of Columbus, Department of Public Service, received a request from the Edwards...
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