Explanation
1. Background:
The City of Columbus, Department of Public Service, Division of Infrastructure Management received a request from Todd Collis, on behalf of CGL Holdings, LLC, asking that the City sell a 0.019 acre portion of the north/south right-of-way north of Shoemaker Avenue and east of Cleveland Avenue, and an 0.065 acre portion of the unnamed east/west alley north of Shoemaker Avenue between Cleveland Avenue and the first alley east of Cleveland Avenue. Transfer of these rights-of-way will facilitate the redevelopment of property adjacent to the above noted rights-of-way, owned by CGL Holdings, LLC into a video and film production facility. 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 the 0.019 acre portion of the above noted rights-of-way, the City will not be adversely affected by the transfer of these rights-of-ways. 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 $14,565.00 was established for these rights-of-way. Collis, Smith and Collis, LLC had submitted a request for the mitigation of the cost of the aforementioned rights-of-way. After review of the request, the Land Review Commission voted to recommend that the 0.019 acre parcel be transferred for a cost of $508.00, and the 0.065 acre parcel, identified as Franklin County Tax Parcel 010-015239, be transferred for a cost of $3,454.00 to CGL Holdings, LLC for a total cost of $3,962.00.
Emergency Justification: Emergency action is requested to allow development of this project to proceed as currently scheduled.
2. FISCAL IMPACT:
The City will receive a total of $3,962.00 that will be deposited in Fund 748, Project 537650, as consid...
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