Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Northbank Partners, LLC, the Leilani Y. Minor Revocable Living Trust, and Boston Heights Realty Investment, LLC. asking that the City sell a 0.732 acre portion of the unnamed east/west right-of-way east of Rarig Avenue and north of Lamb Avenue. An 0.183 acre parcel (parcel #1) shall be deeded to Boston Heights Realty Investment, LLC.; an 0.183 acre parcel (parcel #2) shall be deeded to Northbank Partners, LLC., and an 0.366 acre (parcel #3) shall be deeded to the Leilani Y. Minor Revocable Living Trust. Transfer of these rights-of-way will allow for improvements in ingress/egress for existing businesses, located on property currently owned by the above named property owners. 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 rights-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 these rights-of-way. A value of $3,986.00 was established for this right-of-way. After review of the request, the Land Review Commission voted to recommend the above referenced rights-of-way be transferred to Northbank Partners, LLC., the Leilani Y. Minor Revocable Living Trust, and Boston Heights Realty Investment, LLC. for the amount of $3,986.00.
2. FISCAL IMPACT:
The City will receive a total of $3,986.00 that will be deposited in Fund 7748, Project P537650, as consideration for the transfer of the requested rights-of-way.
Title
To authorize the Director of the Department of Public Service to execute those documents required to transfer a 0.732 acre portion of th...
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