Explanation
1. BACKGROUND
The City is undertaking the Department of Public Service’s NCR - Milo-Grogan project. In order for the City to complete the project, the City is required to acquire a drainage and detention basin easement (“Easement”) upon portions of real property located at Franklin County Tax Parcel Number 010-019405, which is owned by 1047 Cleveland LLC, an Ohio limited liability company (“Grantor”).
The City and Grantor established a value of Two Hundred Sixty-five Thousand, Five Hundred Seventy-two, and 00/100 U.S. Dollars ($265,572.00) for the Easement. The terms of the Easement are required to be approved by the City Attorney’s Office prior to the City’s acquisition and acceptance of the Easement.
Therefore, this ordinance authorizes the Department of Public Service to execute those documents required and to expend City funds in an amount up to Two Hundred Sixty-five Thousand, Five Hundred Seventy-two, and 00/100 U.S. Dollars ($265,572.00) to acquire and accept the Easement for the project.
2. FISCAL IMPACT
Funds in the amount of $265,572.00 are available for this project in the Streets and Highways Bond Fund and the Gov’t Build America Bond Fund within the Department of Public Service.
3. EMERGENCY JUSTIFICATION
Emergency action is requested for this legislation in order to provide for the immediate acquisition of the Easement necessary for the project in order to maintain the project schedule.
Title
To authorize the Department of Public Service to execute those documents required and expend City funds to acquire and accept a drainage and detention basin easement, as approved by the City Attorney’s Office, upon portions of real property located at Franklin County Tax Parcel Number 010-019405 from 1047 Cleveland LLC, an Ohio limited liability company, as necessary to complete the NCR - Milo Grogan project; and to declare an emergency. ($265,572.00)
Body
WHEREAS, the City is undertaking the NCR - Milo Grogan project; and
...
Click here for full text