Explanation
BACKGROUND:
The City of Columbus, Ohio ("City") holds title to a sewer utility easement described and recorded in Instrument Number 201206080081614 (“Easement”), Recorder's Office, Franklin County, Ohio. The Grantor of the Easement, NRI Equity Land Investments, LLC (“NRI”), an Ohio limited liability company, requests the City to release certain portions of the City’s rights to the Easement that are unnecessary under the City’s revised Sanitary CC-16521. The City’s Department of Public Utilities, Division of Sewerage and Drains, reviewed, approved, and determined releasing portions of the City’s rights to the Easement do not adversely affect the City and should be granted at no cost, because the easement area NRI requests released is excessive and unnecessary. Therefore, this ordinance authorizes the Director of the Department of Public Utilities to execute those documents prepared and approved by the Columbus City Attorney, Real Estate Division, necessary to release to NRI certain portions of the City's easement rights in the Easement.
FISCAL IMPACT: Not applicable.
EMERGENCY JUSTIFICATION: Not applicable.
Title
To authorize the Director of the Department of Public Utilities on behalf of the City of Columbus, Ohio, to execute those documents prepared by the Columbus City Attorney, Real Estate Division, necessary to release to NRI Equity Land Investments, LLC, an Ohio limited liability company, certain portions of the City's sewer utility easement rights described and recorded in Instrument Number 201206080081614, Recorder's Office, Franklin County, Ohio. ($0.00)
Body
WHEREAS, the City of Columbus, Ohio ("City") holds title to a sewer utility easement described and recorded in Instrument Number 201206080081614 (“Easement”), Recorder's Office, Franklin County, Ohio;
WHEREAS, the Grantor of the Easement, NRI Equity Land Investments, LLC (“NRI”), an Ohio limited liability company, requests the City to release certain portions o...
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