To

Mayor and Council

Subject

Rail Road Property Abandonment

Initiator

City Manager's Office

Recommendation

Approval is requested declare Parcel "C" on Warm Springs Road as surplus and \n \n authorize the to dispose of said property (see attached map).

Approval

Approved

Background

When the railroad no longer needs property along it's right-a-way they abandon

the property to the adjacent property owner. The nearest owner to Parcel "C"

is the City on Warm Springs Road. The subject property is 0.55 acres a narrow

tract of land with approximately 267 +/- feet of road frontage and

approximately 100 feet of depth. The owners of Parcel A would like to acquire

Parcel C at Fair Market Value.

Analysis

The property (Parcel C) consist of 0.55 acres and consists of a narrow tract of

land with approximately 267+/- feet of road frontage and approximately 100 feet

of depth.

Financial Considerations

The appraised Fair Market Value of the property is $7,500. A Quit Claim Deed

will transfer the property.

Projected Annual Fiscal Impact Statement

Legal Considerations

Council must approve the sale of real estate and newspaper notices will be

published in accordance with Columbus charter Section 7-501.

Recommendations/ Actions

Approval is requested to declare said property as surplus and authorize the

sale of the above-identified property.

No attachments for this document.