EXPLANATION
BACKGROUND: The City owns real property located at 1550 Georgesville Road, Columbus, Ohio 43228, {Franklin County Tax Parcel 570-286266} (“Property”). The property is managed by the Department of Public Service ("DPS"). It is further described and recorded in Instrument Number 200712310221202, Recorder’s Office, Franklin County, Ohio. The City is making improvements at this site and in order to complete that project the Ohio Power Company, doing business as American Electric Power, (“AEP”) will need to install underground electric lines and facilities to provide electric service to the Property. AEP now requests the applicable electric utility easement to burden a portion of the Property in order to maintain certain electric facilities and associated appurtenances for the service of electrical energy and impulses to the Property (“Easement”). DPS reviewed the request and supports granting AEP an easement in consideration that (i) the Easement supports only electricity services to the Property, and (ii), the Easement will be nonexclusive.
CONTRACT COMPLIANCE: Not applicable.
FISCAL IMPACT: Not applicable.
EMERGENCY JUSTIFICATION: Not applicable
TITLE
To authorize the Director of the Finance and Management Department with the approval of the Director of the Department of Public Service to execute and acknowledge any document(s), as approved by the Department of Law, Real Estate Division, necessary to grant to the Ohio Power Company an electric utility easement to burden a portion of the City’s real property located at 1550 Georgesville Road, Columbus, Ohio 43228. ($0.00)
BODY
WHEREAS, the City owns property at 1550 Georgesville Road, Columbus, Ohio 43228, {Franklin County Tax Parcel 570-286266} (“Property”); and
WHEREAS, the City intends to grant The Ohio Power Company, an Ohio corporation doing business as American Electric Power, (“AEP”) an electric utility easement to burden a portion of the Property in order to maintain certain el...
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