Explanation
Background: In 2007, the City transferred properties in fee title, located in and around Bolton Field Airport, to the Columbus Regional Airport Authority ("CRAA"). The City's deed to CRAA contained a restriction limiting the use of these properties to public airport uses. CRAA has requested that this airport use restriction be released on a parcel identified as Tract 26, being Franklin County Tax Parcel Number 570-154749 in order that CRAA may develop this parcel for purposes other than public airport use. CRAA Planning & Engineering has verified that there is no foreseeable need to use this parcel for airport operations. The City’s easement rights reserved on this parcel will remain in full force and effect. The following legislation authorizes the Director of the Department of Finance and Management to execute those documents necessary to release and discharge the City's use restrictions relating solely to the real property.
Fiscal Impact: N/A
Emergency action is requested to allow the City to allow CRAA to proceed with its plans, at the earliest date possible, for the commercial development of this parcel.
Title
To authorize the Director of the Department of Finance and Management to execute those documents necessary to release public airport use restrictions on one parcel of real property at Bolton Field Airport; and to declare an emergency.
Body
WHEREAS, the City restricted the use of all the real property granted to the Columbus Regional Airport Authority ("CRAA") to public airport related uses, as recorded in the Quitclaim Deed, Instrument 200712310221193, Franklin County Recorder's Office ("Quit Claim Deed"); and,
WHEREAS, CRAA has requested that the City release the public airport use restriction on the real property identified as Tract 26, being Franklin County Tax Parcel 570-154749 to allow CRAA to sell the property for development for commercial use; and
WHEREAS, CRAA Planning & Engineering has verified that there is no ...
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