...EXPLANATION
BACKGROUND:
On March 20, 2009, the Board of Park Commissioners of the Columbus and Franklin County Metropolitan Park District (“Metro-Parks”), a park district organized under Ohio Revised Code, Chapter 1545, acquired perpetual easements from the Camp Chase Railroad Company (“Camp Chase”), an Ohio corporation, as described and recorded in Instrument Number 200904130051766, Recorder’s Office, Franklin County, Ohio, and Official Record Book 247, Page 221, Recorder’s Office, Madison County, Ohio, for the purpose of constructing a public multi-purpose trail running eastward from Lilly Chapel, Ohio, to approximately the intersection of Sullivant Avenue and Georgesville Road, in Franklin County, Ohio.
The City of Columbus, Ohio, which is acting through its Recreation and Parks Department (“City”), Metro-Parks, and Camp Chase (collectively, “Parties”), desires to extend the multi-purpose trail further eastward as close as reasonably possible to the City’s existing trail system in the general area of Eureka Avenue. In order for the Parties to extend the multi-purpose trail, Metro-Parks entered into an option agreement with Camp Chase on October 1, 2012, giving Metro-Parks the right to acquire additional perpetual easement rights from Camp Chase.
The City and Metro-Parks subsequently signed a Memorandum of Understanding (“MOU”) on October 5, 2012, which contemplates the City paying the costs associated with Metro-Parks acquiring the additional perpetual easement from Camp Chase, in exchange for Metro-Park’s leasing its easement rights to the City, pursuant to 99-year lease, renewable forever.
Therefore, this legislation authorizes: the Director of the Recreation and Parks Department to execute and enter into a 99-year lease agreement, renewable forever, a MOU, and any ancillary documents between the Parties as needed to extend the multi-purpose trail; and the transfer and expend up to $510,000.00 for costs related to acquiring the lease.
FISCAL IMPAC...
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