EXPLANATION
BACKGROUND: The City owns real property located at 571 Alton Darby Creek Road, Galloway, Ohio 43119 {Franklin County Tax Parcel 010-242769} (“Property”), which is managed by the Department of Finance and Management (“Finance”) and is further described and recorded in O.R. 3470D08, Recorder’s Office, Franklin County, Ohio. The Ohio Power Company, an Ohio corporation doing business as American Electric Power (“AEP”), has electric poles located in the public right-of-way along Alton Darby Road. While the poles will remain in the right-of-way AEP is requesting and aerial electric utility easement to burden a portion of the Property in order to install and maintain electrical wires 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”). Finance and the Department of Public Utilities (“DPU”) have reviewed the plans and support granting AEP the Easement at a price of Three Hundred five and 00/100 U.S. Dollars ($305.00) in consideration that (i) the Easement supports electricity services in the vicinity of 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 Department of Finance and Management to execute and acknowledge any document(s), as approved by the City Attorney's Office, necessary to grant to the Ohio Power Company, d.b.a. AEP, a nonexclusive aerial electric utility easement to burden a portion of the City’s real property near 571 Alton Darby Creek Road, Galloway, Ohio 43119.
BODY
WHEREAS, the City intends to support electric services in the vicinity of its real property located near 571 Alton Darby Creek Road, Galloway, Ohio 43119 {Franklin County Tax Parcel 010-242769} (“Property”);
WHEREAS, the City intends to grant AEP an aerial electric utility easement ...
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