Explanation
BACKGROUND: The City of Columbus, Ohio ("City") holds title to two sewer utility easements recorded in O.R. 17121, Pg. E17, and O.R. 17121, Pg. F05, (“Old Easements”), Recorder's Office, Franklin County, Ohio. The New Albany Company LLC (“NAC”), a Delaware limited liability company, now requests the City to partially release its sewer easement rights in the Old Easements. The City’s Department of Public Utilities reviewed, approved, and determined that the partial release of the sewer utility easement rights in the Old Easements will not adversely affect the City and should be granted at no cost, because NAC granted the City a new, replacement sewer utility easement recorded in Instrument ? 201110040125584 (“Replacement Easement”), Recorder’s Officer, Franklin County, Ohio. Therefore, the following legislation authorizes the Director of the Department of Public Utilities to execute those documents necessary to partially release the City's easement rights in the Old Easements.
FISCAL IMPACT: N/A
EMERGENCY JUSTIFICATION: N/A.
Title
To authorize the Director of the Department of Public Utilities, City of Columbus, Ohio, to execute those documents necessary to partially release to The New Albany Company LLC, a Delaware limited liability company, the City's sewer easement rights recorded in O.R. 17121, Pg. E17, and O.R. 17121, Pg. F05, Recorder's Office, Franklin County, Ohio, which relates to certain real property located at Franklin County Tax Parcel ?s 222-002955 & 222-002948.
Body
WHEREAS, the City of Columbus, Ohio (“City”), holds title to two (2) sewer utility easements recorded in O.R. 17121, Pg. E17, and O.R. 17121, Pg. F05 (“Old Easements”), Recorder's Office, Franklin County, Ohio; and
WHEREAS, The New Albany Company LLC (“NAC”), a Delaware limited liability company, granted the City a new, replacement easement recorded in Instrument ? 201110040125584 (“Replacement Easement”), Recorder’s Officer, Franklin County, Ohio; an...
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