Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from David Kozar, on behalf of 77 Hotel Partners, LLC and Philip J. Fulton asking that the City sell a 0.1027 acre portion of the East Nationwide Boulevard right-of-way, east of North High Street. A 0.0825 acre portion shall be deeded to 77 Hotel Partners, LLC, and a 0.0202 acre portion shall be deeded to Philip J. Fulton. Transfer of this right-of-way will facilitate the resolution of encroachment issues related to properties owned by 77 Hotel Partners, LLC and Philip J. Fulton, adjacent to the above mentioned right-of-way. 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 this right-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 this right-of-way. A value of $55,913.00 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 77 Hotel Partners, LLC and Philip J. Fulton for the amount of $55,913.00.
2. FISCAL IMPACT:
The City will receive a total of $55,913.00 that will be deposited in Fund 7748, Project P537650, 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 a 0.1027 acre portion of the East Nationwide Boulevard right-of-way, east of North High Street, adjacent to property owned by 77 Hotel Partners, LLC and Philip J. Fulton. A 0.0825 acre portion shall be deeded to 77 Hotel Partners, LLC and a 0.0202 acre portion s...
Click here for full text