The URL can be used to link to this page

Ordinance 039-17Dayton Legal Blank, Inc. Ordinance No. RECORD OF ORDINANCES 39 -17 Form No. 30043 Passed , 20 ANCE VACATING 0 27 ACRES MORE OR LESS OF A AN ORDIN , , PORTION OF A PUBLIC STREET LOCATED EAST OF DALE DRIVE AND SOUTH OF SR 161 AND 0.39 ACRES, MORE OR LESS, OF A PORTION OF A PUBLIC STREET LOCATED NORTH OF TULLER RIDGE DRIVE AND OF NEW DALE DRIVE IN THE CITY OF DUBLIN, COUNTY OF FRANKLIN, STATE OF OHIO WHEREAS, the City of Dublin (the "City ") owns 0.27 acres, more or less, and 0.39 acres, more or less, as described and depicted in Exhibit "A" and Exhibit "B" that is no longer needed for use as a publicly dedicated street; and WHEREAS, Crawford Hoying Development Partners LLB: (the "Developer's owns property in the immediate vicinity thereto and desires to enter into a Real Estate Land Transfer Agreement and an Infrastructure Agreement (the "Agreements'? with the City to build Bridge Park Drive from Dale Drive to Village Parkway in exchange for, inter a/ia, the described real property herein; and WHEREAS, the 0.27 acres, more or less, was dedicated to the City via instrument no. 199911150285244 recorded in the Franklin County Recorder's Office; and WHEREAS, the 0.39 acres, more or less, was dedicated to the City pursuant to a plat recorded in Plat Book 71, Page 60 and via deed with an instrument no. 201601080002954 recorded in the Franklin County Recorder's Office; and WHEREAS, Ohio Revised Code Section 723.04 enables municipalities to vacate streets or any part thereof where such vacation will not be detrimental to the general interest; and WHEREAS, in order to effectuate the Agreements and for purposes of recording with the Franklin County Recorder's Office, the City seeks to pass this Ordinance; and WHEREAS, Council is satisfied that there is good cause for the vacation of the herein described 0.2/ and 0.39 acres, more or less, and hereby determines that the vacation of a portion of these streets will not be detrimental to the general public interest. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, State of Ohio, of the elected members concurring that: Section 1_ Council hereby declares that good cause exists for the vacation of this 0.39 acre, more or less, portion of Tuller Ridge Drive, and that such vacation will not be detrimental to the public health, safety, or welfare. Section 2. The 0.39 acre, more or less, which is a portion of Tuller Ridge Drive right - of -way and is located just west and in the immediate vicinity of property owned by the Developer, in the City of Dublin, County of Franklin, State of Ohio, and more fully described and depicted in the attached Exhibits "A" and "B" is hereby vacated. Section 3. The Developer hereby owns Franklin County Parcel No. No. 273- 012471 in the immediate vicinity of the 0.039 -acre vacated portion and it shall have its own new Parcel No. as established by Franklin County or as otherwise may be accomplished. Section 4. The 0.27 acre, more or less, which is a portion of Sharp Lane right -of -way and is located just north and in the immediate vicinity of property owned by the Developer, in the City of Dublin, County of Franklin, State of Ohio, and more fully described and depicted in the attached Exhibits "A" and "B" is hereby vacated. Section _`). The Developer hereby owns Franklin County Parcel No. 2/3- 008269 in the immediate vicinity of the 0.027 -acre vacated portion and it shall have its own new Parcel No. as established by Franklin County as otherwise may be accomplished. Dayton Legal Blank, Inc. Ordinance No. 39-17 RECORD OF ORDINANCES Form No. 30043 Passed Page 2 of 2 , 20 Section 6. The Clerk of council is directed to notify the Auditor of Franklin bounty of said vacation by forwarding a copy of this Ordinance. Section i. This Council further hereby authorizes and directs the City Manager, the Director of Law, the Director of Finance, the Clerk of Council, or other appropriate officers of the City to take any other actions as may be appropriate to implement this Ordinance. Section 8. This Ordina e shall take effect in accordance with 4.04(b) of the Dublin Revis Charter. Pa s d this day o f 2017. A M yor — Pre�i�fling'f6�ce �/ v A EST: Clerk of Council Am& Wo"Office of the Cifty Manager 5200 Emerald Parkways Dublin OH 43017-1090 Uity of Dubl 'in Phone: 614.4 10.4400 * Fax: 6114.410.4490 cit memo WERN M Memo re. Ordinance Nos. 38-17 and 39-17 relating to the extension of Bridge Park Avenue June 22, 2017 Page 2 of 2 being implemented 'in accordance with an approved master Sign Plan. The attached Real Estate Transfer and Infrastructure Agreement (authorized by Ordinance No. 38-17) has been amended and a new Section 14.2 has been added to address this 'issue as follows-, 14.2 S69��e A# sl'gnage (permanent or temporary) on the Transfer Properties shall be prohibited until redevelopment of the respective Transfer Property and approval of a Master 5ign Plans The agreements facilitating the proposed extension of Bridge Park Avenue from Dale Drive to Shamrock Boulevard will, if implemented; APPRAISAL SERVICES OF: 200 + / -ACRES VACAN"I' LAND �� • .F1] < - � �� s �yya tj Fl �__ #: \ — �� r �m� �m m na .Nib I "r'S` Trva• � � � Il r _ '. + v _gw i j - - _ _ m I i / g R m- �- .., �_ ....,..e...7.......�..e. ...,. �..e «...,....... _..��.. e. '. l ,., o..�.............. .a ." 1 I LOCATION: DALE DRIVE CI"I'Y OF DUBLIN, FRANKLIN COUN"I'Y, OHIO EFFECTIVE DATE: SUNE 19, 201 "I PREPAI2.F.D FOR: NIl2. "I'EAAY FOEGLEA DIAEC"I'OA OF 5"I'AA"I'EGIC INI"I'IA"I'IVES /SPECIAL PAOSEC"I'S CI"I'Y OF DUBLIN NIl2. PHILIP K. HAA"I'MANN, ESQ. FAO S"I' BROWN "TODD, LLC ONE COLUNffiUS SUI"I'E 2300 1 O WES"I' BROAD 5"I'AEE"I' COLUNffiU5, OHIO 43215 THE ROBERT WE�LER nnn.�� =�� w�.C.. oM PANYO 'rVr'. eb(si a)z F r�s °,:,.e �e� mom The Robert Weiler Company REALTORS AND APPRAISERS 10 NORTH HIGH STREET, SUITE 401 COLUMBUS, OHIO 43215 OFFICE (614) 221 -4286 FAX (614) 221 -7069 w .rweilerxom June 19, 2017 Mr. Terry Foegler Director of Strategic Initiatives/ Special Projects City of Dublin Mr. Philip K. Hartmann, Esq. Frost Brown Todd, LLC One Columbus Suite 2300 10 West Broad Street Columbus, Ohio 43215 Re: Appraisal Services and Analysis 2.00 + /- acres Vacant Land Dale Drive City of Dublin, Ohio Owner: City of Dublin Gentlemen: Per your request, we have determined the "as is" market value of the subject property identified herein as 2.00 + /- acres of vacant raw land that is located along the east side of Dale Drive, across from Bridge Park Avenue, just north of W. Dublin Granville Road and east of Riverside Drive within the City of Dublin, Franklin County, Ohio. The property is located within the Bridge Street development area. Per the client, we have been asked to determine what a fair market price would be for the subject property. The appraisal is intended to be utilized by the client, the addressee of this appraisal report, for internal decision - making purposes. The effective date of the value estimate stated herein is June 19, 2017. The date of this report is June 19, 2017. Page 2 The scope of this appraisal report includes everything the appraiser deems necessary for estimating the subject property's market value which included a review of the subject's market area and current market conditions. This includes a viewing of the subject property. The highest and best use was then determined and the cost, income and sales comparison approaches to value were analyzed and reviewed as to their applicability to derive a reliable market value estimate. The market value estimate contained herein was derived through a comparison of recent land sales considered similar to the subject property. The income and cost approaches were deemed not applicable. Per public records, the last transfer of the subject property was to the City of Dublin from Dale Drive Properties, LLC. The transfer price was $0. There have been no other transfers noted within public records documents of the subject property within the past five years. An exhibit indicating the exact location of the subject property is highlighted in red below. This exhibit illustrates a proposed road extension along the subject's northern boundary. For purposes of this analysis, the market value determined herein does not take into consideration this proposed roadway. The highest and best use of the subject property as "vacant and available" is for mixed -use development that can take advantage of the subject's desirable location within the Bridge Street development area. Page 3 In determining the market value of the subject property, a search of the subject's general market area and comparable surrounding market areas was performed to find sales of similar comparable improved sales. The salient portions of these sales are located within the work file of the appraiser. The comparable land sales transferred in 2013 to 2017; and exhibit a market value range of $203,720 to $319,410 per acre prior to adjustments. The sales are compared to the subject on a qualitative basis for comparison items including location, size, configuration, quality, age, construction and site amenities. Based upon our analysis of comparable land sales within the immediate area and considering the subject's rectangular configuration, desirable location within the Bridge Street development, limited road frontage and overall market desirability, the subject property, containing 2.00+/ - acres, would command a range in market value from $250,000 to $275,000 per acre. As a result of our appraisal and analysis, it is our opinion that the "as is" market value of the fee simple estate of the subject property (2.00 + /- acres of raw vacant land), in terms of cash or financial arrangements equivalent to cash, as of June 19, 2017 is: $500,000 ($250,000 Per Acre) To $550,000 ($275,000 Per Acre) Page 4 The opinions and conclusions set forth in this report may not be understood without additional information contained in the work file. The analysis is subject to various contingent conditions and assumptions made throughout this report. It is our intent to have completed the appraisal assignment in accordance with accepted appraisal standards promulgated by the Appraisal Standards Board of the Appraisal Foundation and the Appraisal Institute and in accordance with the Department of the Treasurer, Office of the Comptroller of the Currency, 12 CFR, Part 34, Subpart C, Appraisals ( "Final Rule. ") This appraisal has been prepared in conformity with the code of professional ethics and standards of the Appraisal Institute and USPAP. Marketing and exposure times are estimated to be three months. This report is written as a Restricted Appraisal Report under Standards Rule 2 -2 of the Uniform Standards of Professional Appraisal Practice. The purpose of this report is to provide a third party's professional opinion as to the "as is" market value of the subject property identified herein. A restricted report limits the reliance on the report to the client and considers anyone else using the report an unintended user. The report may not be fully understood without additional information in the work file of the appraiser. This appraisal report will need to be upgraded to a summary report for depositions or court testimony. This restricted report is limited in scope to an analysis of sales of properties similar in nature as this method reflects the activities of typical buyers and sellers of this property type in the marketplace. We hereby certify that we have no present or future contemplated interest in the subject property land areas and that our fee for this restricted report is in no way contingent upon the value estimate reported herein. We have not been provided with any information concerning the subject's subsurface or load bearing capabilities nor have we been provided with any information pertaining to the presence of hazardous conditions which may have an adverse effect on the value of the subject property land areas. This restricted report has been made assuming that no such conditions exist. If additional information is required, the client is advised to obtain the services of a qualified engineer. We certify that we have performed numerous appraisals on properties similar to the subject and that we are qualified to offer our opinion as to its market value. Our professional qualifications are included below for reader reference. Page 5 This appraisal is subject to the general and extraordinary assumptions previously articulated. This appraisal report does not incorporate any hypothetical conditions. Thank you for this opportunity to be of service. Sincerely, &Vyj� Robert J. Weiler, MAI State Certified General Real Estate Appraiser / C Melissa Dean Speert State Certified General Real Estate Appraiser Sub'ect Location Ma U � ti I �- -,Gm ,` i� T , vnnM 9 ontl �P 988 20CH tircrosofl aor ore r�tl/onls su fiorsl9LnahL= ".d General Location Ma LIMITING CONDITIONS The appraisal attached hereto is made expressly subject to the following conditions, limitations and stipulations. Possession of this report, or any copy thereof, does not carry with it the right of publication, duplication or distribution, nor may the same be used for any purpose by any but the applicant without the previous written consent of the appraiser or the applicant, and any event, only in its entirety. No responsibility is assumed for the legal description provided or for matters pertaining to legal or title considerations. Title to the property is assumed to be good and marketable unless otherwise stated. The property is appraised free and clear of any or all liens or encumbrances unless otherwise stated. Responsible ownership and competent property management are assumed. Information furnished by others is believed to be reliable, but no warranty is given for its accuracy. All engineering studies are assumed to be correct. The plot plans and illustrative material in this report are included only to help the reader visualize the property. It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures that render it more or less valuable. No responsibility is assumed for such conditions or for obtaining the engineering studies that may be required to discover them. It is assumed that the property is in full compliance with all applicable federal, state, and local environmental regulations and laws unless the lack of compliance is stated in the appraisal report. It is assumed that the property conforms to all applicable zoning and use regulations and restrictions unless a nonconformity has been described in the appraisal report. It is assumed that all required licenses, certificates of occupancy, consents, and other legislative or administrative authority from any local, state, or national government or private entity or organization have been or can be obtained or renewed for any use on which the opinion of value contained in this report is based. It is assumed that the use of the land and improvements is confined within the boundaries or property lines of the property described and that there is no encroachment or trespass noted in the report. PJ Unless otherwise stated in this report, the existence of hazardous materials, which may or may not be present on the property, was not observed by the appraiser. The appraiser has no knowledge of the existence of such materials on or in the property. The appraiser, however, is not qualified to detect such substances. The presence of substances such as asbestos, urea - formaldehyde foam insulation, and other potentially hazardous materials may affect the value of the property. The value estimated is predicated on the assumption that there is no such material on or in the property that would cause a loss in value. No responsibility is assumed for such conditions or for any expertise or engineering knowledge required to discover them. The intended user is urged to retain an expert in this field, if desired. The forecasts, projections or operating estimates contained herein are based on current market conditions, anticipated short-term supply and demand factors, and a continued stable economy. These forecasts are, therefore, subject to changes with future conditions. This appraisal has been made with the following general limiting conditions: Any allocation of the total value estimated in this report between the land and the improvements applies only under the stated program of utilization. The separate values allocated to the land and buildings must not be used in conjunction with any other appraisal and are invalid if they are. Appraisal Institute, The Appraisal of Real Estate, 14th ed. (Chicago: Appraisal Institute, 2013), 664. 1) The appraiser, by reason of this report, is not required to give further consultation or testimony or to be in attendance in court with reference to the property in question unless arrangements have been previously made. 2) Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraiser, or the firm with which the appraiser is connected) shall be disseminated to the public through advertising, public relations, news, sales, or other media without the prior written consent and approval of the appraiser. 3) No legal description or survey was furnished, so the appraiser used the county tax plat to ascertain the physical dimensions and acreage of the property. Should a survey prove this information to be inaccurate, it may be necessary for this appraisal to be adjusted. 4) The analyst assumed good title to all the property described or mentioned in the report and is appraised free and clear of any or all liens or encumbrances unless otherwise stated. No responsibility is assumed for matter legal in nature. 5) The valuation indicated in this report is valid only for the valuation date and for the purpose stated. 3 6) The appraisal assignment was not based upon a requested minimum valuation, a specific valuation or the approval of a loan. 7) The Americans with Disabilities Act (ADA) became effective January 26, 1992. The appraiser has not made a specific compliance survey or analysis of the property to determine whether or not it is in conformity with the various detailed requirements of ADA. It is possible that a compliance survey of the property and a detailed analysis of the requirements of the ADA would reveal that the property is not in compliance with one or more of the requirements of the act. If so, this fact could have a negative impact on the value of the property. Since the appraiser has no direct evidence relating to this issue, possible noncompliance with the requirements of ADA was not considered in estimating the value of the property. 8) Unless otherwise stated in this report, the existence of mold, which may or may not be present on the property, was not observe by the appraiser. The appraiser has no knowledge of the existence of mold on the property; however, mold does exist in most every property and usually causes no harm but it can be toxic in some situations. The appraiser is not qualified to detect such substances. The presence of mold may affect the value of the property. The value estimated herein is predicated on the assumption that there is no mold problem on or in the property that would cause a loss in value. No responsibility is assumed for such conditions or for any expertise or engineering knowledge required to discover them. The intended user is urged to retain an expert in this field, if desired. 9) This appraisal is not a "building inspection" and the appraiser is not acting as a "building inspector" when preparing this report. The appraiser visually observed areas that were readily accessible. This inspection is not intended to be technically exhaustive. 4 CERTIFICATE OFAPPR4 L The undersigned does hereby certify as follows. 1) The Appraisal Institute conducts a program of continuing education for its designated members. As of the date of this report, Robert I. Weiler and Melissa Dean Speer have completed the requirements ofthe continuing education program of the Appraisal Institute. 2) The use of this report is subject to the requirements of the Appraisal Institute and the American Society of Appraisers relating to review by its duly authorized representatives and is subject m duly authorized representatives of the courts (subpoenaed or requested). 3) The statements of fact contained in this report are true and correct. 4) The reported analyses, opinions and conclusions are limited only by the reported assumptions and limiting conditions and our personal, unbiased professional analyses, opinions and conclusions. 5) We have no present or prospective interest in the property that is the subject of this report, and we have no personal interest or bias with respect to the parties involved 6) Cur compensation is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event 7) Cur analyses, opinions, and conclusions were developed and this report has been prepared in conformity with the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation, the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute the Principles of Appraisal Practice and Code of Ethics of the American Society of Appraisers, and The Counselors ofReal Estate 8) The subject property was not physically viewed The scope of this analysis is limited to a desktop review ofpertment information provided by the client 9) No one provided significant professional assistance to the persons signing this report . 10) The read estate, which is the subject of this report was valued as of June 19, 2017. The date of this report is June 19, 2017 11) This report is within the scope of our certifications, is not contingent upon any fee and is provided by ourselves as disinterested and unbiased third parties. 12) The appraisal assignment is notbased on a specific or requested minimum valuation orthe approval of loan 13) The Robert Weiler Company did prepare an appraisal on the subject property in June of 2014 for the same client ( / //�/�•�. A/v—/— Robert J Weiler, hied Melissa Dean Speert State Certified General Appraiser No .382759 State Certified General Appraiser No .2001006485 OFROBERT J. WEILER EDUCATIONAL BACKGROUND Bachelor of Science Degree in Business Administration, University of Arizona, 1957 Master of Arts Degree in Real Estate, The Ohio State University, 1964 Doctor of Philosophy (Ph.D.), The Ohio State University, 1968 Juris Doctor (J.D.) Degree, Capital University Law School, 1983 REAL ESTATE EXPERIENCE Realtor® since 1957 Full time real estate appraisal profession since 1959 Chairman of the Board of The Robert Weiler Company Developer of numerous subdivisions and apartment/office /industrial complexes in Central Ohio Real estate consulting since 1970 Adjunct Professor, Capital University Law School and Capital University MBA Program Adjunct Professor, OSU Moritz College of Law Contributing Editor, The Appraisal ofReal Estate Individuals Investors Mortgage Lenders Realtors® Probate Courts County Commissioners Churches Cities throughout Ohio City of Columbus Numerous large corporations, including several listed on the New York Stock Exchange State of Ohio Franklin County Auditor Department of Development The Ohio State University Municipal Development Departments County Commissioners Attorneys School Boards Park Commissions MEMBERSHIP AND HONORARY ACHIEVEMENTS Licensed Certified General Real Estate Appraiser, State of Ohio Columbus Board of Realtors ®; Director, Past President Ohio and National Association of Realtors ®; Board of Directors, 1977 -79, National Association of Realtors® American Institute of Real Estate Appraisers;' Past President, Ohio Chapter #3; MAI designation American Society of Real Estate Counselors Society of Real Estate Appraisers;' Past President, Columbus Chapter; Instructor of SRA courses; Columbus and Ohio State Bar Associations Past Chairman, Ohio Real Estate Appraisal Board Past Chairman, Capital University Board of Trustees Past Member, Columbus Board of Education; President, 1987 Past Member, Board of Trustees, Center of Science and Industry (COSI) Board of Trustees, Metropolitan YMCA; Past Chairman Board of Trustees, Columbus/Franklin County Affordable Housing Trust Board of Trustees, Ohio Capital Corporation for Housing Board of Trustees, Columbus Urban League Board of Trustees, Central Ohio Transit Authority (COTA) Board of Trustees, Columbus Bar Foundation Founding Member, Central Ohio Community Improvement Corporation (COCIC) 'Unified as the Appraisal Institute, January 1, 1991 OF MELISSA DEANSPEERT Melissa Dean Speert Certified General Real Estate Appraiser No. 2007006485 The Robert Weiler Company 41 South High Street Suite 1010 Columbus, Ohio 43215 Chief senior commercial appraiser with The Robert Weiler Company, Real Estate Counselors, Appraisers and Brokers. Work Scope includes appraisals, consulting services, research and governmental clients throughout the Columbus metropolitan area, Franklin County and the State of Ohio. Certified General Real Estate Appraiser No. 2007006485 ODOT Prequalified EDUCATIONAL BACKGROUND Capital University: Marketing and Business Studies Appraisal Institute, Appraisal Principals Appraisal Institute, Appraisal Procedures Appraisal Institute, Basic Income Capitalization Appraisal Institute, Advanced Income Capitalization Appraisal Institute, Uniform Standards of Professional Appraisal Practice Appraisal Institute, Fair Housing Various seminars and classes reflecting current trends in valuation of real property APPRAISAL EXPERIENCE May 2005 — Present: Staff Appraiser, The Robert Weiler Company. Jan. 1999 — May 2005: Appraiser, Anthony F. Mollica and Assoc. Residential, Commercial, Industrial, and Multi- Family Properties TYPES OF PROPERTIES APPRAISED Special Purpose Properties Service Stations Various Types of Commercial and Retail Properties Manufacturing Facilities Office/Warehouse Properties General and Medical Office Buildings Development Land Shopping Centers Agricultural Land Proposed Subdivisions Single- Family Residential Multi- Family Complexes Eminent Domain Automobile Dealerships Car Washes Institutional Uses APPRAISAL PRACTICE Full time real estate appraiser for over ten years and have completed several courses sponsored by the Appraisal Institute and continue to attend real estate courses and seminars. Our real property valuation experience includes a wide variety of commercial industrial, office, single-family, multi-family, development land and special purposes properties throughout the Columbus Metropolitan area and the State of Ohio. The list of clients served include mortgage lending institutions; corporations, organizations and churches; Universities and Colleges (Ohio University, OSU); attorneys and law firms; Ohio Department of Transportation; numerous municipalities; investors and developers; and property owners. Office of the City Manager 5200 Emerald Parkway* Dublin,. OH 43017-1090 EL M CitUiY%ublip n asidEL'aft A"& ty of v Phone: 614.410.4400 * Fax: 614.410.4490 11111%111911111AMM I IWO 16; To: Members of Dublin City Council From: Dana L. McDaniel, City Manager Dates, June 8, 201] Initloated By: Terry Foegler,, Director of Strategic Initiatives/Special Projects Angel Mumma, Director of Finance Phillip Hartmann, Assistant Law Director Re: Ordinance Nos. 38-17 and 39-17 relating to the extension of Bridge Park Avenul Ordinance No. 38-17 authorizes the City Manager to execute two separate but interrelated agreements. The "Real Estate Transfer Agreement" establishes the terms and conditions under which four parcels of land would be transferred from the City of Dublin to Crawford Hoying and th design and pricing for the Bridge Park Avenue segment. Memo re. Ordinance Nos. 38-17 and 39-17 relating to the extension of Bridge Park Avenue June 8, 2017 Page 2 of 4 construction of the SR 161 and Riverside Drive roundabout (the appraisals acknowledged the significant negative impacts the new roadway improvement would have on any residual land). The restaurant building has been demolished, the roundabout has been built, and the residual land area has been reduced from 2.37 acres (1.92 minus the present road occupied) to approximately one acre. Memo re. Ordinance Nos. 38-17 and 39-17 relating to the extension of Bridge Park Avenue June 8, 2017 Page 3 of 4 From the developer's (Crawford Hoying's) perspective, they approached the City about the possibility of the proposed land for improvements exchange not only for the four parcels of land (two of which have very limited development potential), but because they view the added accessibility to its Bridge Park project as being significantly enhanced by the proposed roadway extension. Memo re. Ordinance Nos. 38-17 and 39-17 relating to the extension of Bridge Park Avenue June 8, 2017 Page 4 of 4 Although we believe it overvalues the current market value for two of the parcels, the total purchase price of the three recently acquired parcels would reflect a City cost as follows: Parcel A Dale Drive Properties $525,000 Parcel B Former Wendy's restaurant $784,000 Parcel C ROW Shoppes River Ridge (1990s) Parcel D ROW Sycamore Ridge Apt. $120,000 TOTAL $1,429,000 The agreements facilitating the proposed extension of Bridge Park Avenue from Dale Drive t* Shamrock Boulevard will, if implemented; \ _ John Shields Pkwy. — ®Ilams, m w a- z, o Tuller Ridge Dr*- M ? CID 0� r 1 0 0 rt ?7 1 1 1 1 I I ,lrlr:• ii�oe li�° ll,� TO 3 - � AR w v o =JI bit t; I� lei d Fskwy. a i I t 11 ILI, R Trout brook Dr. __jy , _ uller Rid Tge Dr '� \ ial r v r I v I I �d� I of Bridge � A r J r ..,i L• ....� .k �1 F , + ,/ , CRAWFORD HOYING �\ development Crawford Hoying Development Partners will fund the design and construction of a Bridge Park Ave Extension that facilitates immediate vehicular, bicycle and pedestrian connectivty between Sawmil Road and Riverside Drive in ex- change for City Parcels A, B, C, & D totaling 3.69 acres. SR -161 0 a 1 11.71 1 CdJ.CJJJlIU�JC. �' � � �,=�i j�'j� ❑ : � m I ;Aec � t , � •• I I r I I g I A r * 411 . Banker ?I❑ y CITY OF DUBLIN BRIDGE STREET DISTRICT Roadway Network City of Dublin Master MColor Exhibit DATE: July, 2016 SCALE: I"=200' E11, Mwn, Hmeoaro E, � • s. -, • v o • JOB NO.: 20130451 55 7758 mhtmm SPIFFY: 1 of 1 �1 � �I i4 a � rr; �x 1 .fir I I- .lA 1 I I ItFn1 �i11F0 • 41 t1 nit e4flk FII I FILLw111 Y �I t> Ye _ I 1 1\ I 4P ✓� l I w f tE J� � pulp • AM 0 150 300 600 Hori: 1 inch = 300 feet - -H.- 17— v b t4" w I B I )1 i� �� grcln piir. Me 11 Y(I � I � Irlllllcql Right of Way Areas To Be Vacated Evvb Mxlnml. Xamdelm 8 Tlbn. Yic Biplman • iurvsWn • Nannw • bNnXm Co Rm1 UWnGx OXIY61 TanR014115.19A WTRM.I)5.%N emMmm 0.267 ACRE Situated in the State of Ohio, County of Franklin, City of Dublin, lying in Quarter Township 3, Township 2, Range 19, United States Military Lands, and being part of that 2.519 acre tract conveyed to the City of Dublin by deed of record in Instrument Number 199911150285244 and part of the right -of -way of State Route 161 as shown on Right -of -way Plan Set FRA- 161 -4.77 on file with the Ohio Department of Transportation, District 6, Delaware Ohio, (all references are to the records of the Recorder's Office, Franklin County, Ohio) and being more particularly described as follows: Beginning, for reference, at a 5/8 inch rebar found in a monument box at the intersection of the centerline of Survey, Construction and Right -of -way of State Route 161 (right -of -way width varies) as shown on said Right -of -way Plan Set FRA- 161 -4.77 with the centerline of Dale Drive (right -of -way width varies); Thence South 86° 41' 19" East, with the centerline of said State Route 161, a distance of 52.00 feet to a point; Thence South 03° 18' 41" West, across said State Route 161, a distance of 60.00 feet to an iron pin set at the TRUE POINT OF BEGINNING; Thence across the right -of -way of said State Route 161, the following courses and distances: South 86° 41' 19" East, a distance of 161.52 feet to an iron pin set; with the arc of a curve to the left, having a central angle of 46° 04' 56 ", a radius of 115.50 feet, an arc length of 92.89 feet, a chord bearing of South 57° 10'59" West and chord distance of 90.41 feet to an iron pin set at a point of tangency; South 34° 08' 31" West, a distance of 23.29 feet to an iron pin set at a point of curvature; with the arc of a curve to the right, having a central angle of 26° 50' 18 ", a radius of 84.50 feet, an arc length of 39.58 feet, a chord bearing of South 47° 33'35" West and chord distance of 39.22 feet to an iron pin set at a point of compound curvature; with the arc of a curve to the right, having a central angle of 32° 19' 57 ", a radius of 20.00 feet, an arc length of 11.29 feet, a chord bearing of South 77° 08'43" West and chord distance of 11.14 feet to a point of tangency; North 86° 41' 19" West, a distance of 38.49 feet to an iron pin set at a point of curvature; with the arc of a curve to the right, having a central angle of 90° 00'00", a radius of 20.00 feet, an arc length of 31.42 feet, a chord bearing of North 41' 41' 19" West and chord distance of 28.28 feet to an iron pin set at a point of tangency; North 03° 18' 41" East, a distance of 64.50 feet to an iron pin set at a point of curvature; with the arc of a curve to the right, having a central angle of 90° 00'00", a radius of 20.00 feet, an arc length of 31.42 feet, a chord bearing of North 48° 18'41" East and chord distance of 28.28 feet to the TRUE POINT OF BEGINNING and containing 0.267 acre, more or less. Iron pins set, where indicated, are iron pipes, thirteen sixteenths (13/16) inch inside diameter, thirty (30) inches long with a plastic plug placed in the top bearing the initials EMHT INC. 0.267 ACRE -2- The Bearings shown hereon are based on the Ohio State Plane Coordinate System South Zone as per NAD83 (1986 Adjustment). Control for bearings was from coordinates of monuments FRANK 73 and FRANK 74, having a bearing of South 73° 57' 18" East, established by the Franklin County Engineering Department, using Global Positioning System procedures and equipment. This description is based on an actual field survey performed by or under the direct supervision of Joshua M. Meyer, Registered Surveyor Number 8485 in April 2013. o'• Q JOSHUA M. .D MEYER S -8485 0` :0 •f�.S i0 NrAti `c�� %0 JMM:sg 0 267 ac 20170164 -VS- BNDY- 03.doc EVANS, MECHWART, HAMBLETON & TILTON, INC. Joshua M. Meyer Professional Surveyor No. 8485 6- /6 -zo /7 Date 6 -bR -A $2G°� BY. DATE�P�c:u EM Evans, Mechwart, Hambleton & Tilton, Inc. Engineers • Surveyors • Planners • Scientists 5500 New Albany Road, Columbus, OH 43054 Phone: 614.775.4500 Toll Free: 888.775.3648 emht.com SURVEY OF ACREAGE PARCEL QUARTER TOWNSHIP 3, TOWNSHIP 2, RANGE 19 UNITED STATES MILITARY LANDS CITY OF DUBLIN, COUNTY OF FRANKLIN, STATE OF OHIO STATE ROUTE 161 _ DUBLIN- GR_ANVILLE ROAD (R/W VARIES) Se6'41'19°E _ 52.00' (CENTERLINE SURVEY, 5/8" Rebor in SURVEY NOTE: Monument Box CONSTRUCTION R/W AS RPaB This survey was prepared using documents of record, prior o SHOWN IN FRA- 161 -4.77) o plats of survey, and observed evidence located by an actual o field survey in April 2013. (n TPOB BASIS OF BEARINGS: G� "E The bearings shown hereon are based on the Ohio State S86'41' 19 161.52' Plane Coordinate System South Zone as per NAD83 (1986 39.58' Adjustment). Control for bearings was from coordinates ` 32. ° °' 0.267 AC. G of monuments FRANK 73 and FRANK 74, having a = bearing of South 73° 57' 18" East, established by the o 00 v? Franklin County Engineering Department. r) Q = STONE FND. Z 4O °o ■ = MON. FND. 31.42' • = 1. P. FND. D' (J c� O= I P S ET 3 CITY OF DUBLIN 2.519 AC. (DEED) I.N. 199911150285244 Date: June 12, 2017 Scale: 1 " = 60' Job No: 2017 -0164 LINE TABLE w DISTANCE L2 G • = MAG. NAIL FND. v /// OF0�i,� O = MAG. NAIL SET S57'1 0'59"W Q a �,�,P 'Si'•,� ■ = R.R. SPK. FND. 39.58' w 39.22' C3 = R.R. SPK. SET 11.29' S77'08'43 "W 11.14' �� R O • = P.K. NAIL FND. 31.42' Q 28.28' JOSHUA M. I.P. Set are 13/16" I.D. iron pipes p p 31.42' N48'1 8'41 "E 30.00 =-0 MEYER 0_ = � S -8485 O �, 30 long with cap inscribed EMHT INC. 60' 0 60' 120' S J¢J�� ONAi GRAPHIC SCALE (in feet) ) 170164\ DWG \04SHEETS\ BOUNDARY \20170164 —VS— BNDY- 03.DWG plotted by GEIGER, STEVEN on 6/15/2017 10:46:56 AM last saved by SGEIGER on 6/15/2017 10:45:37 AM CITY OF DUBLIN 2.519 AC. (DEED) I.N. 199911150285244 Date: June 12, 2017 Scale: 1 " = 60' Job No: 2017 -0164 LINE TABLE LINE BEARING DISTANCE L1 S34'08'31 "W 23.29' L2 N86'41'19 "W 38.49' SHARP LANE (PUBLIC) CITY OF DUBLIN ORD. NO. 41 -04 �— — — R/W — — N CURVE TABLE CURVE DELTA RADIUS ARC CH. BEARING CH. DIST, C1 46'04'56" 115.50' 92.89' S57'1 0'59"W 90.41' C2 26'50'18" 84.50' 39.58' S47'33'35 "W 39.22' C3 32'19'57" 20.00' 11.29' S77'08'43 "W 11.14' C4 90'00'00" 20.00' 31.42' N41 *41'19 "W 28.28' C5 90'00'00" 20.00' 31.42' N48'1 8'41 "E 28.28' Joshua M. Meyer Professional Surveyor No. 8485 Date 0.393 ACRE Situated in the State of Ohio, County of Franklin, City of Dublin, lying in Quarter Township 2, Township 2, Range 19, United States Military Lands, and being part of that 0.385 acre tract conveyed to the City of Dublin by deed of record in Instrument Number 201601080002954 and part of the right -of -way of Tuller Ridge Drive as dedicated in Plat Book 71, Page 60 and a portion of said Tuller Ridge Drive renamed Dale Drive in City of Dublin Ordinance Number 92 -14 (all references are to the records of the Recorder's Office, Franklin County, Ohio) and being more particularly described as follows: Beginning, for reference, at an iron pin set at the easterly terminus of the northerly right - of -way line of Tuller Ridge Road as dedicated in Plat Book 119, Page 30, at the southeasterly corner of Lot 10 of the subdivision plat entitled "Bridge Park East Section 5" of record in Plat Book 121, Page 73, and in the westerly line of the 0.821 acre tract conveyed to The City of Dublin, Ohio by deed of record in Instrument Number 201212310201439; Thence across said 0.821 acre and 0.385 acre tracts, with the arc of a curve to the right, having a central angle of 01° 57' 16 ", a radius of 1832.50 feet, an arc length of 62.51 feet, a chord bearing of South 87° 07' 12" East and chord distance of 62.51 feet to a point; Thence North 03° 38' 07" East, across said 0.385 acre tract, a distance of 2.00 feet to an iron pin set at the TRUE POINT OF BEGINNING; Thence North 03° 38'07" East, across said 0.385 acre tract, a distance of 47.82 feet to an iron pin set at a point of curvature; Thence across said 0.385 acre tract and said Tuller Ridge Drive (Plat Book 71, Page 60), with the arc of a curve to the left, having a central angle of 09° 16' 18 ", a radius of 458.30 feet, an arc length of 74.16 feet, a chord bearing of North 01° 08' 17" West and chord distance of 74.08 feet to an iron pin set at a point of tangency; Thence across said Tuller Ridge Drive (Plat Book 71, Page 60), the following courses and distances: North 04° 51' 17" West, a distance of 4.50 feet to an iron pin set; North 84° 30'48" East, a distance of 11.37 feet to an iron pin set at a point of curvature; with the arc of a curve to the left, having a central angle of 38° 09'55", a radius of 40.00 feet, an arc length of 26.64 feet, a chord bearing of North 65° 25' 51" East and chord distance of 26.15 feet to an iron pin set on the northeasterly right -of -way line of said Tuller Ridge Drive (P.B. 71, Page 60) and in the southwesterly line of the 11.930 acre tract conveyed to LSREF Bravo (Ohio), LLC as Parcel II by deed of record in Instrument Number 201410070132678; Thence with said northeasterly right -of -way line and said southwesterly line, with the arc of a curve to the left, having a central angle of 29° 53' 54 ", a radius of 595.00 feet, an arc length of 310.49 feet, a chord bearing of South 54° 04'46" East and chord distance of 306.97 feet to an iron pin set; Thence across said 0.385 acre tract, with the arc of a curve to the left, having a central angle of 09° 00' 08 ", a radius of 1834.50 feet, an arc length of 288.23 feet, a chord bearing of North 81° 38' 31" West and chord distance of 287.94 feet to the TRUE POINT OF BEGINNING and containing 0.393 acre, more or less. 0.393 ACRE -2- Iron pins set, where indicated, are iron pipes, thirteen sixteenths (13/16) inch inside diameter, thirty (30) inches long with a plastic plug placed in the top bearing the initials EMHT INC. The bearings shown hereon are based on the Ohio State Plane Coordinate System South Zone as per NAD83 (1986 Adjustment). Control for bearings was from coordinates of monuments FRANK 73 and FRANK 74, having a bearing of South 73° 57' 18" East, established by the Franklin County Engineering Department, using Global Positioning System procedures and equipment. This description is based on an actual field survey performed by or under the direct supervision of Joshua M. Meyer, Registered Surveyor Number 8485 in April 2013. �O F JOSHUA M. MEYER F ;a3 S -8485 O` J .,� ON n' JMM:sg 0 393 ac 20170164 -VS- BNDY- 04.doc EVANS, MECHWART, HAMBLETON & TILTON, INC. Joshua M. Meyer Professional Surveyor No. 8485 6-1 6 - Zoi Date 0 , +I - N ew "7 0 •3`1`3 0.t.,.1 JON VELD Evans, Mechwart, Hambleton & Tilton, Inc. Engineers • Surveyors • Planners • Scientists 5500 New Albany Road, Columbus, OH 43054 Phone: 614.775.4500 Toll Free: 888.775.3648 emht.com SURVEY OF ACREAGE PARCEL QUARTER TOWNSHIP 2, TOWNSHIP 2, RANGE 19 UNITED STATES MILITARY LANDS CITY OF DUBLIN, COUNTY OF FRANKLIN, STATE OF OHIO Date: June 7, 2017 Scale: 1" = 50' Job No: 2017 -0164 SURVEY NOTE: O = STONE FIND. This survey was prepared using documents of record, prior plats of survey, and observed ■ = MON. FIND. \ evidence located by an actual field survey in April 2013. • = I.P. FIND. TPOB �� BASIS OF BEARINGS: • = SET NAIL FND. The Bearings shown hereon are based on the Ohio State Plane Coordinate System South °G �� Zone as perNAD83 (1986 Adjustment). Control for bearings was from coordinates of O = MAG. NAIL SET °�� '� monuments FRANK 73 and FRANK 74, having a bearing of South 73° 57' 18" East, A = R.R. SPK. FIND. L1 0 ,�� established by the Franklin County Engineering Department. A = R.R. SPK. SET DETAIL SCALE: 1 " =10' �° \ • = P.K. NAIL FIND. 1. P. Set are 13/16" I.D. iron ° pipe with cap inscribed EMHT INC `\ \ dQ � 50 0 50 100 GRAPHIC SCALE (in feet) BRIDGE PARK EAST SECTION 5 P.B. 121, P. 73 LOT 10 BRIDGE PARK HBLOCK, LLC I.N. 201 701 1 9001 0223 —R /W TULLER RIDGE DRIVE 65' SCIOTO TULLER ACQUISITION, 15.097 AC. (DEED) I.N. 201 3081 601 40286 s I o� z wo J W N r U N L Q O _ N � N O I— co N U O I W Z i f— I LSREF3 BRAVO (OHIO), L PARCEL II �, 9 11.930 AC. (DEED) '�� S� , I.N. 201 41 00701 32678 S� pR ,A\s9 v6,, S F .00, C-- M =7834.50' Arc__ , hB =N81 °38'31 "W ChD_ - 287.94.g4, CITY OF DUBLIN, OHIO 0.385 AC. (DEED) I.N. 201601080002954 REF3 BRAVO (OHIO), L PARCEL 1 15.459 AC. (DEED) I.N. 201410070132678 LINE TABLE LINE BEARING DISTANCE L1 NO3'38'07 "E 2.00' L2 NO3 °38'07 "E 47.82' L3 N04'51'1 7 "W 4.50' L4 N84'30'48 "E 11.37' CURVE TABLE CURVE DELTA RADIUS ARC CH. BEARING CH. DIST. C1 1'57'16" 1832.50' 62.51' S87'07'1 2 "E 62.51' C2 9' 16'18" 458.30' 74.16' N01'0 8' 17 "W 74.08' C3 1 38'09'55" 1 40.00' 26.64' 1 N65'25'51 "E 1 26.15' TULLE �iw_ ` A'R R�DGEb I P• 6 JR OF 0 0 JOSHUA M. = MEYER _ S -8485 0 N• oN A4 `CO t. y --`-Z M. Meyer Professional Surveyor No. 8485 1`- - r' (,-20/7 Date Crawford– Hoying Development Partnership / Bridge Park Drive Final Engineering / 2017 -0164 / 20170164 –VS– BNDY -04