Explanation
Background: The City of Columbus, Ohio, ("City") holds title to an easement for an overhead pedestrian connector/walkway over High Street and Nationwide Boulevard, by virtue of recorded deed of easement O.R. Vol. 3772, Pg. 563, Recorder's Office, Franklin County, Ohio. Nationwide Mutual Insurance Company, an Ohio mutual insurance company, ("Nationwide") and the City entered into the Guaranteed Maximum Cost Reimbursement Agreement for the High Street Walkway & Sensenbrenner Park, dated January 17, 2008, as amended, which provides for the transfer of title to the overhead infrastructure. Nationwide has requested the foregoing deed of easement be released in exchange for the commitment and promise that Nationwide, or its successor, will grant the City any necessary temporary construction easement, at no cost, in the future in the event the walkway over High Street is to be removed. The Department of Public Service has determined that as long as a replacement easement, if needed, is granted to the City, at no cost, the release of the City held easement will not adversely affect the City and should granted.
Fiscal Impact: N/A
Emergency Justification: This request has been thoroughly investigated and contemplated by the Department of Public Service and at this time emergency action is desired and requested to allow for the immediate release of the subject deed of easement as per the City's agreement with Nationwide.
Title
To authorize the Director of the Department of Public Service to execute those documents necessary to release unto NATIONWIDE MUTUAL INSURANCE COMPANY, an Ohio mutual insurance company, the City's easement rights granted by virtue of a recorded easement, O.R. Vol. 3772, Pg. 563, Recorder's Office, Franklin County, Ohio for so long as and provided that Nationwide grants the City a temporary construction easement, at no cost, in the event the walkway over High Street is to be removed, and to declare an emergency.
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