Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Park & Spruce Acquisitions, LLC., asking that the City sell a 3,801 square foot portion of the School Street right-of-way west of Park Street between Spruce Street and I-670, a 1,125 square foot portion of the Hunt Street right-of-way east of Armstrong between Spruce Street and I-670, and a 301 square foot portion of the Spruce Street right-of-way south of Hunt Street between Armstrong Street and School Alley, totaling 5,227 square feet. Transfer of these rights-of-way will facilitate the re-development of property currently owned by Park & Spruce Acquisitions adjacent to the above noted rights-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 these rights-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 City Attorney's Office, Real Estate Division, asking that they establish a value for these rights-of-way. A value of $26,136.00 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 Park & Spruce Acquisitions for $26,136.00.
2. FISCAL IMPACT:
The City will receive a total of $26,136.00 that will be deposited in Fund 7748, Project P537650, as consideration for the transfer of the requested right-of-way.
3. EMERGENCY DESIGNATION
Emergency action is requested in order to allow the redevelopment of property adjacent to the right-of-way to procced on schedule.
Title
To authorize the Director of the Department of Public Service to execute those documents required to transfer right-of-way totaling 5,227 square fee...
Click here for full text