Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from EJB, Inc., asking that the City transfer a 1,365 square foot portion of the unnamed north/south right-of-way, west of Cleveland Avenue, and an 880 square foot portion of the unnamed east/west right-of-way south of Reynolds Avenue, totaling 2,245 square feet, which is adjacent to property owned by EJB located at 819 Cleveland Avenue. Transfer of these rights-of-way will facilitate the re-development of property currently owned by EJB adjacent to the above noted rights-of-way, located at 819 Cleveland Avenue. Property will be re-developed with a 192 unit apartment building. The Department of Public Service has agreed to transfer these rights-of-way as described in the attached exhibit, and extinguish the underlying fee. 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 Department of Law, Real Estate Division, asking that they establish a value for these rights-of-way. A value of $2,245.00 was established for this right-of-way. This request went before the Land Review Commission on June 21, 2018. After review of the request, the Land Review Commission voted to recommend the above referenced rights-of-way be transferred to EJB for the amount of $2,245.00.
2. FISCAL IMPACT:
There is no cost to the CIty for this transaction. The City will receive a total of $2,245.00 that will be deposited in Fund 7748, Project P537650, as consideration for the transfer of the requested rights-of-way.
Emergency Justification: Emergency amendment of the ordinance will allow the sale of the al...
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