Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Bicentennial Plaza Holding Company asking that the City transfer a 0.019 acre portion of the unnamed east/west right-of-way east of South Second Street between West Main and Cherry Streets, which is adjacent to property owned by Bicentennial Plaza Holding Company. Transfer of this right-of-way will facilitate the re-development of property currently owned by Bicentennial Plaza Holding Company, adjacent to the above noted right-of-way. Re-development will include parking for adjacent properties and enhanced security. The Department of Public Service has agreed to transfer the right-of-way as described in the attached exhibit. 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 City Attorney's Office, Real Estate Division, asking that they establish a value for these rights-of-way. A value of $12,414.00 was established for this right-of-way. This request went before the Land Review Commission on May 17, 2018. After review of the request, the Land Review Commission voted to recommend the above referenced rights-of-way be transferred to Bicentennial Plaza Holding Company for the amount of $12,414.00.
2. FISCAL IMPACT:
The City will receive a total of $12,414.00 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 prevent delays to the construction schedule.
Title
To authorize the Director of the Department of Public Service to execute those docum...
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