Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Gravity Project, LLC, an Ohio limited liability company asking that the City vacate a 0.292 acre parcel of the Anson Street right-of-way and a 0.349 acre parcel of Gay Street as described below and shown on the attached exhibit, totaling 0.641 acres. Vacation of these rights-of-way will facilitate the re-development of property adjacent to the above noted rights-of-way, located north of West Broad Street between North May Avenue. 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 vacation of these rights-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 $140,750.00 was established for these rights-of-way. After review of the request, the Department of Development has contacted the Department of Public Service requesting Public Service to submit legislation recommending that the above referenced rights-of-way be vacated at no charge.
Emergency Justification: Emergency action is requested by the Department of Development to allow development of this project to be able to comply with the lender and meet the construction schedule.
2. FISCAL IMPACT:
The property is valued at $140,750.00. The Department of Development has requested that this land be vacated at no charge.
Title
To vacate a 0.292 acre parcel of the Anson Street right-of-way and a 0.349 acre parcel of Gay Street as described below and shown on the attached exhibit, totaling 0.641 acres, to waive the Land Review Commission requirements of Columbus City Codes; and to declare...
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