Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Riverside Mill Development, LLC asking that the City sell a 0.220 acre parcel of the Martha Avenue right-of-way north of Sullivant Avenue between Ryan Avenue and Interstate 70. Transfer of this right-of-way will facilitate the re-development of property currently owned by Riverside Mill Development, LLC adjacent to the above noted right-of-way, located at 299-321 Martha 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 this right-of-way, the City will not be adversely affected by the transfer 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 $4,792.00 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 Riverside Mill Development, LLC. for the amount of $4,792.00.
2. FISCAL IMPACT:
The City will receive a total of $4,792.00 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 0.220 acre parcel of the Martha Avenue right-of-way, north of Sullivant Avenue between Ryan Avenue and Interstate 70, to Riverside Mill Development, LLC.
Body
WHEREAS, the City of Columbus, Department of Public Service, received a request from Riverside Mill Development, LLC asking that the City transfer an 0.220 acre parcel of the Martha Avenue right-of-way north of Sullivant Avenue between Ryan Avenue ...
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