EXPLANATION
BACKGROUND:
The City owns real property located at 4252 Groves Road, Columbus, Ohio 43232 {Franklin County Tax Parcel 010-192053} (“Property” via Ins. Number 201112220167044, Recorder’s Office, Franklin County, Ohio), which is managed by the Department of Finance and Management (“Finance”). The City is constructing certain improvements on the Property and needs to service this facility with electricity. Accordingly, Finance entered into a contract on behalf of the City with the Ohio Power Company, an Ohio corporation doing business as American Electric Power (“AEP”), in order to service electricity to the Property. AEP requests an electric utility service easement to burden a portion of the Property in order to install certain aboveground and underground electric facilities and associated appurtenances to service the Property with electrical energy and impulses (“Easement”). Finance reviewed and supports granting AEP the Easement in consideration that (i) the Easement is exclusively for the benefit and a prerequisite for providing electric utility services to the Property, and (ii) AEP will release all of its existing easement rights burdening the Property that are described and recorded in Instrument Number 199811120289526, Recorder’s Office, Franklin County, Ohio.
CONTRACT COMPLIANCE:
Not applicable.
FISCAL IMPACT:
Not applicable.
EMERGENCY JUSTIFICATION:
Not applicable.
TITLE
To authorize the director of the Department of Finance and Management to execute and acknowledge any document(s), as approved by the City Attorney, necessary to grant to the Ohio Power Company, d.b.a. AEP, an electric utility service easement to burden a portion of the City’s real property at 4252 Groves Road, Columbus, Ohio 43232 in order to exclusively provide electric service to City facilities on this property. ($0.00)
BODY
WHEREAS, the City intends to construct certain facilities at 4252 Groves Road, Columbus, Ohio 43232 {Franklin County Tax Parcel ...
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