Explanation
1. BACKGROUND
Pursuant to Ordinance numbers 1442-63, 1843-97, and 827-57, the City agreed to transfer a number of streets and alleys (“right-of-way”) to various owners over the years to allow the parcels to be combined by the County Auditor’s Office for a future project. Within the above mentioned ordinances the City retained easements for existing utilities. The Department of Public Service recently received a request from CHI Franklinton, LP, the current owner of the properties, asking that the City release the reserved easements over these areas to clear title and allow the site to be redeveloped. The project is known as Cover My Meds and planned to consist of 312,782 square feet of office building, surface parking lot, and garage with an estimated cost of $100,000,000.00. After receipt of this request the Department of Public Service, Division of Infrastructure Management, verified with all the public and private utility companies that there are no public utilities or need for this easement located within the requested area and that they have no objections to the portion of the easements being released. The following legislation authorizes the Director of the Department of Public Service to execute those documents necessary to release these easements as described and depicted on the attached exhibits. The City will receive a total of $500.00 to be deposited in Fund 7748, project P537650, for release of the easements so the title can be cleared and land redeveloped.
2. Fiscal Impact
No City funds will be required for the release of the easements. The City will receive a total of $500.00 to be deposited in Fund 7748, project P537650, for releasing the easements.
Title
To authorize the Director of the Department of Public Service to execute those documents necessary to release easements in the vicinity of Hartford Avenue and John Street as requested by CHI Franklinton, LP, for their Cover My Meds project. ($0.00)
Body
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