Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Lifestyle Communities on behalf of The Annex at River South II, LTD, asking that the City sell a 0.004 acre parcel of Rich Street right-of-way and granting of a number of building elements to encroach into Rich Street, Wall Street, and South High Street right-of-way. The right-of-way transfer is described below and the encroachments are delineated on the attached drawings. The transfer of this right-of-way and the granting of these building elements will facilitate the construction of a new residential facility on property currently owned by The Annex at River South II, LTD., adjacent to the above noted right-of-ways, located at the northwest corner of High and Rich Streets. 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 these right-of-way, the City will not be adversely affected by the transfer or building encroachments of these right-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 the transfer of this right-of-way. A value of $609.00 was established for this right-of-way. After review of the request, the Land Review Commission voted to recommend the above referenced right-of-way be transferred to The Annex at River South II, LTD for $609.00.
2. FISCAL IMPACT:
The City will receive a total of $609.00 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 the 0.004 acre parcel of the Rich Street right-of-way and the building elements to encroach int...
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