Explanation
BACKGROUND:
The City of Columbus, Ohio ("City") holds title to a pedestrian walkway/sidewalk easement described and recorded in instrument number 201303150043590, Recorder's Office, Franklin County, Ohio ("Old Easement"). The Grantor of the Old Easement, NWD Investments, LLC ("Nationwide"), an Ohio limited liability company, requests the City to release the City's easement rights in the Old Easement. The City's Department of Public Service, Division of Design and Construction, reviewed, approved, and determined releasing the City's easement rights in the Old Easement does not adversely affect the City and should be granted at no cost, because Nationwide granted the City a new, replacement pedestrian walkway/sidewalk easement described and recorded in instrument number 201306140099038, Recorder's Office, Franklin County, Ohio ("Replacement Easement"). Therefore, this legislation authorizes the Director of the Department of Public Service to execute the documents prepared by the Columbus City Attorney, Real Estate Division, releasing the City's easement rights in the Old Easement.
FISCAL IMPACT: Not applicable.
EMERGENCY JUSTIFICATION: Not applicable.
Title
To authorize the Director of the Department of Public Service on behalf of the City of Columbus, Ohio, to execute the documents prepared by the Columbus City Attorney, Real Estate Division, releasing to NWD Investments, LLC, an Ohio limited liability company, the City's pedestrian walkway/sidewalk easement rights described and recorded in instrument number 201303150043590, Recorder's Office, Franklin County, Ohio. ($0.00)
Body
WHEREAS, the City of Columbus, Ohio ("City") holds title to a public walkway/sidewalk easement described and recorded in instrument number 201303150043590, Recorder's Office, Franklin County, Ohio ("Old Easement");
WHEREAS, the Grantor of the Old Easement, NWD Investments, LLC ("Nationwide"), an Ohio limited liability company, requests the City to release the City's easement rights in the Old Easement;
WHEREAS, the City's Department of Public Service, Division of Design and Construction, reviewed, approved, and determined releasing the City's easement rights in the Old Easement does not adversely affect the City and should be granted at no cost, because Nationwide granted the City a new, replacement pedestrian walkway/sidewalk easement described and recorded in instrument number 201306140099038, Recorder's Office, Franklin County, Ohio ("Replacement Easement"); and NOW, THEREFORE:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS, OHIO:
SECTION 1. On behalf of the City of Columbus, Ohio ("City"), the Director of the Department of Public Service is authorized to execute the documents prepared by the Columbus City Attorney, Real Estate Division, to forever release, relinquish, and discharge to NWD Investments, LLC, an Ohio limited liability company, the City's pedestrian walkway/sidewalk easement rights described and recorded in instrument number 201303150043590, Recorder's Office, Franklin County, Ohio, which is attached as, Exhibit-A, and fully incorporated for reference into this ordinance.
SECTION 2. This ordinance takes effect and is in force from and after the earliest period allowed by law.