Explanation
1. BACKGROUND:
NWD Investment, LLC, an Ohio limited liability company (the "Developer") is engaged in the redevelopment of a tract of land known as Parks Edge Condominiums property. The redevelopment of this site is located east of Neil Avenue, west of John H. McConnell Boulevard and north of Spring Street. To facilitate the redevelopment of this site the Developer has agreed to donate to the City of Columbus the right-of-way needed for the improvements proposed by the Spring Street Streetscape Improvements project for roadway and intersection improvements. In exchange for this donation, the Developer has requested the City abandon as right-of-way and transfer portions of the northeast corner of existing Neil Avenue and Spring Street per ordinance 3211-2015. As this project proceeded it became the City of Columbus’s desire to have a shared use path along the north side of Spring Street. Due to the stage of construction of the Parks Edge Condominiums property it was determined by both Public Service and the Developer that a wall and foundation would need to be constructed. The Developer has agreed to build the wall, foundation, and maintain these items. The following legislation authorizes the Director of the Department of Public Service to execute those documents necessary for the City to transfer 0.048 acres of right-of-way and grant a 0.023 acre encroachment easement to legally allow the Developer to build the wall on private property and to allow the foundation to extend into the public right-of-way as described below and shown on the attached exhibits. Installation of these elements will enhance the building and improve the pedestrian network in the area. Public Service requests to waive the approval of the Land Review Commission requirements, transfer the right-of-way at no cost and receive a value of $500.00 for the foundation encroachment easement.
2. Fiscal Impact
The City will receive a total of $500.00, to be deposited in Fund 7748, Projec...
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