EXPLANATION
BACKGROUND: The City owns real property located at 5785 Central College Road, New Albany, Ohio 43054, {Franklin County Tax Parcel 010-292896} (“Property”). The property is managed by the Department of Finance and Management (“Finance”). It is further described and recorded in Instrument Number 201312260210317 Recorder’s Office, Franklin County, Ohio. Finance is constructing a new fire station at this site and in order to complete that project the Ohio Power Company, doing business as American Electric Power, (“AEP”) will need to install electric lines and facilities to provide electric service to the Property. AEP now requests the applicable electric utility easement to burden a portion of the Property in order to maintain certain electric facilities and associated appurtenances for the service of electrical energy and impulses to the Property (“Easement”). Finance reviewed the request and supports granting AEP an easement at no cost in consideration that (i) the Easement supports only electricity services to 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 Finance and Management Department to execute and acknowledge any document(s), as approved by the Department of Law, Real Estate Division, necessary to grant to the Ohio Power Company an electric utility easement to burden a portion of the City’s real property located at 5785 Central College Road, New Albany, Ohio 43054. ($0.00)
BODY
WHEREAS, the City owns property at 5785 Central College Road, New Albany, Ohio 43054, {Franklin County Tax Parcel 010-292896} (“Property”); and
WHEREAS, the City intends to grant The Ohio Power Company, an Ohio corporation doing business as American Electric Power, (“AEP”) an electric utility easement to burden a portion of the Property in order to maintain certain electric facilities and associat...
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