Explanation
Background: The City owns fee title to approximately one (1) acre of property located at the northeast corner Long and Fourth Streets, Columbus Ohio, comprised of a small portion of vacated right-of-way, approximately 2,250 square feet in area, and five parcels identified as Franklin County Auditor’s Tax Parcels 010-018897, 010-009278, 010-062052, 010-056033, 010-035698. The site formerly housed the offices of the Central Ohio Area Agency on Aging (COAAA) that the City recently moved to expanded and renovated office space at 3776 S. High Street.The Department of Finance and Management Real Estate Management Office, working together with the Department of Development, published a Request for Purchase Proposals for the mixed-use redevelopment of the site that required construction of a structured parking facility containing a minimum six hundred fifty (650) parking spaces, a portion of which must be dedicated and open for public parking. The RFP was advertised via a commercial sales listing on Xceligent, a commercial real estate listing service, beginning September 9, 2015 and also by Public Notice 0194-2015 published in the City Bulletin September 12, 2015 through October 24, 2015. The City received only one response by the submission deadline of November 2, 2015.
The response was reviewed by a Proposal Evaluation Committee comprised of Department of Development and Department of Finance & Management staff. The Committee requested a presentation from the Respondent, Continental Real Estate Companies, to clarify the proposal by providing additional information and by answering questions from the Committee. After the presentation on December 8, 2015, the Committee determined that it was in the City’s best interest to negotiate the terms of a sale with Continental.
This ordinance gives the Director of Finance and Management the authority to enter into a Real Estate Purchase and Sale Contract with Continental Garage LLC for the sale of the City’s inter...
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