Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Dean Adamantidis, on behalf of 228 Sherman Investments, LLC, asking that the City sell a 0.041 acre portion of the unnamed north/south right-of-way south of Franklin Avenue between Sherman and Wilson Avenues to them. Transfer of this right-of-way will facilitate residential development and associated parking of property adjacent to the above noted right-of-way, owned by 228 Sherman Investments, LLC. 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 City Attorney’s Office, Real Estate Division, asking that they establish a value for this right-of-way. A value of $3,150.00 was established for this right-of-way. This request went before the Land Review Commission on February 15, 2018, after review of the request, the Land Review Commission voted to recommend the above referenced right-of-way be transferred to 228 Sherman Investments, LLC, for $3,150.00.
2. FISCAL IMPACT:
The City will receive a total of $3,150.00 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 0.041 acre portion of the unnamed north/south right-of-way south of Franklin Avenue between Sherman and Wilson Avenues to 228 Sherman Investments, LLC. ($0.00)
Body
WHEREAS, the City of Columbus, Department of Public Service, received a request from 228 Sherman Investments, LLC, asking that the City transfer a 0.041 acre port...
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