EXPLANATION
BACKGROUND:
The City owns and manages real property located at 995 Harrison Park Place, Columbus, Ohio 43201, which is commonly known as Harrison Park (“Park”). Royal Tallow Holdings Ltd., an Ohio limited liability company (“RTH”), desires to develop the Harrison Park Place Condominiums on real property adjacent to the Park. In order for RTH to proceed with its development, RTH requests to (i) exchange fee title to two (2) parcels of real property with the City; and (ii) for the City to grant a general utility easement over portions of the Park.
The Columbus Recreation and Parks Department (“CRPD”) reviewed and supports RTH’s proposed exchange of real property ownership and easement in consideration of monetary compensation in the amount of Thirteen Thousand, Six Hundred Sixty-three, and 30/100 U.S. Dollars ($13,663.30) from RTH. Accordingly, in consideration of the monetary compensation and land transfer to the City, this ordinance authorizes CRPD’s director to execute all instrument(s), as approved by the City Attorney, necessary to (i) quit claim grant to RTH and RTH’s successors and assigns a perpetual, nonexclusive general utility easement in, on, over, under, across, upon, through, and burdening a tract of the Park; (ii) quit claim grant to RTH and RTH’s successors and assigns fee title to a portion of the Park; and (iii) to accept fee title to a portion of RTH’s real property adjacent to the Park, which will also be an extension of the Park.
FISCAL IMPACT: The City’s receipt of the Thirteen Thousand, Six Hundred Sixty-three, and 30/100 U.S. Dollars ($13,663.30) consideration from RTH will be deposited in the Permanent Improvement Fund, Fund Number 747.
EMERGENCY JUSTIFICATION: Emergency action is requested so to not delay RTH’s development adjacent to the Park, which will preserve the public peace, health, property, safety, and welfare.
TITLE
To authorize the director of the Recreation and Parks Department to execute all instrument(...
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