...Explanation
BACKGROUND: The City possesses title to a stormwater easement described and recorded in Instrument Number 201509300138244, Recorder’s Office, Franklin County, Ohio, (“Easement”). The Easement burdens real property located in the vicinity of 511 East 5th Avenue, Columbus Ohio 43201 {Franklin County Tax Parcel 010-295406} (“Servient Estate”) currently owned by Coulter Properties LLC, and Coulter Properties II LLC, Ohio limited liability companies. The City’s Department of Public Utilities (“DPU”) has reviewed a request by the owner of the Servient Estate to vacate a 0.051 acre, more or less, portion of the existing Easement and determined that the portion of the Easement is no longer needed as a new easement was recorded in Instrument Number 202602180018644, Recorder’s Office, Franklin County, Ohio and the released portion of the easement is no longer necessary. DPU has determined that terminating the City’s rights to the portion of the Easement does not adversely affect the City and should be granted at no monetary cost.
FISCAL IMPACT: Not applicable.
EMERGENCY JUSTIFICATION: Not applicable.
...Title
To authorize the director of the Department of Public Utilities to execute those document(s) necessary to release a portion the City’s stormwater easement rights described and recorded in Instrument Number 201509300138244, Recorder’s Office, Franklin County, Ohio. ($0.00)
...Body
WHEREAS, the Department of Public Utilities (“DPU”) received a request from Coulter Properties LLC, and Coulter Properties II LLC, Ohio limited liability companies, to vacate a 0.051 acre, more or less, portion of stormwater easement recorded in Instrument Number 201509300138244, Recorder’s Office, Franklin County, Ohio, (“Easement”); and
WHEREAS, DPU reviewed the request and determined that the 0.051 acre, more or less, portion of the Easement is no longer needed as a new stormwater easement was granted in Instrument Number 202602180018644, Recorder’s Office, F...
Click here for full text