Explanation
1. Background:
The City of Columbus, Department of Public Service, received a request from Motorist Mutual Insurance Company asking that the City transfer a 0.078 acre portion of the Library Park North right-of-way south of Oak Street between Washington Avenue and Ninth Street, which is adjacent to property owned by Motorist Mutual Insurance Company. Transfer of this right-of-way will facilitate the development of a residential project on property currently owned by Motorist Mutual Insurance Company, adjacent to the above noted right-of-way. The remaining 0.138 acre portion of the right-of-way will be transferred to the control of the Recreation and Parks Department. The Department of Public Service has agreed to transfer the 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 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 Department of Law, Real Estate Division, asking that they establish a value for these rights-of-way. A value of $16,965.00 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 Motorist Mutual Insurance Company for the amount of $16,965.00.
2. FISCAL IMPACT:
The City will receive a total of $16,965.00 that will be deposited in Fund 7748, Project P537650, as consideration for the transfer of the requested right-of-way.
3. EMERGENCY JUSTIFICATION:
Emergency action is requested to allow development of this project to proceed a...
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