EXPLANATION
BACKGROUND:
The City owns real property located at 569-571 East Columbus Street, Columbus, Ohio 43137, {Franklin County Tax Parcel 010-008262} (“Property”). The Property is managed by the Department of Development (“Development”) and is currently held by the Land Bank. The property is further described and recorded in Instrument Number 201907010079256, Recorder’s Office, Franklin County, Ohio. The Ohio Power Company, an Ohio corporation doing business as American Electric Power (“AEP”), is in the process of upgrading its electric service to serve new development in the area including the construction of an 86-unit multi-family project at 870 S. Parsons Avenue. AEP has designed the project in a way to minimize impacts to City of Columbus Property but will still require an approximately 0.015 acre easement along the western edge of the Property. AEP is requesting an electric utility easement to burden a portion of the Property in order to install and maintain electrical wires, a pole, and associated appurtenances for the distribution, delivery, and service of electrical energy and impulses for the benefit of real estate in the Property’s vicinity (“Easement”). Development has reviewed the plans and supports granting AEP the Easement in consideration that (i) the Easement supports electricity services in the vicinity of the Property, (ii) the Easement will be nonexclusive, and (iii) AEP pays the agreed price of $3,285.00 for the easement.
CONTRACT COMPLIANCE: Not applicable.
FISCAL IMPACT: Not applicable
EMERGENCY JUSTIFICATION: Not applicable
TITLE
To authorize the director of the Department of Development to execute and acknowledge any document(s), as approved by the City Attorney, necessary to grant to the Ohio Power Company d.b.a. American Electric Power a nonexclusive electric utility easement to burden a portion of the City’s real property located at 569-571 East Columbus Street. ($0.00)
BODY
WHEREAS, the City intends to support...
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