Explanation
1. Background:
The Department of Public Service received a request from the Department of Development, Economic Development Division, asking for an approximate 9,900 square foot (0.237 acre) portion of right-of-way and all of a 10 foot alley to be extinguished and combined with City owned property, Franklin County Tax Parcel Number 010-054645, as part of the future redevelopment of the North Market, as described within an Economic Development Agreement (EDA) dated September 11, 2019 and authorized by Ordinance No. 1993-2019.
The Department of Public Service has agreed to transfer the right-of-way as described and shown within the attached legal description and exhibit as well as extinguish the need for this property as public right-of-way.
Comments were solicited from interested parties, including City agencies, private utilities and the land review 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 extinguishing this right-of-way.
2. FISCAL IMPACT
There is no expenditure associated with this Ordinance.
3. EMERGENCY DESINGNATION
Emergency action is requested in order to allow subsequent lots splits to occur as contemplated in the EDA, which is necessary for the redevelopment of the North Market to proceed without delay.
Title
To extinguish and combine an approximate 9,900 square foot (0.237 acre) portion of right-of-way on Market Street between Spruce Street and Vine Street and all of a 10 foot public alley off of Market Street; and to declare an emergency. ($0.00)
Body
WHEREAS, the Department of Public Service received a request from the Department of Development, Economic Development Division, asking for an approximate 9,900 square foot (0.237 acre) portion of right-of-way and all of a 10 foot alley to be extinguished and combined with City owned property, Franklin County Tax Parc...
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