Explanation
Background: The City possesses title to water easements described and recorded in Deed Book 2174, Page 647, and Deed Book 2187, Page 337 Recorder’s Office, Franklin County, Ohio (“Easements”). The Easements burden real property located in the vicinity of 901 W. Third Avenue, Columbus, Ohio 43212 {Franklin County Tax Parcel 030-003088} (“Servient Estate”) currently owned by NRI Equity Land Investments, LLC, (“NRI”) an Ohio limited liability company. The City’s Department of Public Utilities (DPU) has reviewed a request by NRI to vacate a portion of the existing easement recorded in Deed Book 2147, Page 647 and determined that the release of the 0.002 acre portion of the existing easement does not adversely affect the City and should be granted at no monetary cost in exchange for amending the existing easements to better protect and define the rights of the City was in the best interest of the City.
Fiscal Impact: Not Applicable
Emergency Justification: NRI has requested to expedite the easement release in order to facilitate ongoing development in the area.
Title
To authorize the director of the Department of Public Utilities to execute those document(s) necessary to amend the City’s easement rights described and recorded in Deed Book 2174, Page 647, and Deed Book 2187, Page 337, Recorder’s Office, Franklin County, Ohio, and to declare an emergency. ($0.00)
Body
WHEREAS, the City intends to release and terminate a portion of its water easement rights described and recorded in Deed Book 2174, Page 647, Recorder’s Office, Franklin County, Ohio because DPU has reviewed the request and determined that the described 0.002 acre portion of the water easement is longer needed; and
WHEREAS, in exchange the City intends to amend the Easements recorded in Deed Book 2174, Page 647, and Deed Book 2187, Page 337 Recorder’s Office, Franklin County, Ohio (“Easements”), to better protect and define the rights of the City; and
WHEREAS, the City intends for ...
Click here for full text