...EXPLANATION
BACKGROUND:
The City owns real property located vicinity of Interstate 270 and Hayden Run Road, Columbus, Ohio 43221 {Franklin County Tax Parcel(s) 010-264260} (“Property” via Instrument Numbers 200211210297907, Recorder’s Office, Franklin County, Ohio), and possesses title to a conservation easement located adjacent to the Property at 5451 Edwards Farms Road, Columbus, Ohio 43221 {Franklin County Tax Parcel(s) 010-258995} (“Conservation Easement Area” via Instrument Numbers 201409120120969, Recorder’s Office, Franklin County, Ohio). The Property and Conservation Easement Area are both managed by the Recreation and Parks Department (CRPD).
The Ohio Power Company, an Ohio corporation doing business as American Electric Power (“AEP”), has electric utility facilities located in the public right-of-way adjacent to the Property and Conservation Easement Area. The Ohio Department of Transportation (ODOT) is improving the public right-of-way of Interstate 270, which requires AEP to relocate its electric utility facilities onto certain portions of the Property and Conservation Easement Area. Accordingly, AEP requests aerial electric utility easement rights to burden a portion of the Property in order to install certain aerial electric facilities and associated appurtenances for the distribution, delivery, and service of electrical energy and impulses (“Easement”).
CRPD reviewed and supports granting AEP the Easement in consideration that (i) the Easement supports electricity services in the vicinity of the Property and Conservation Easement Area, (ii) granting the Easement will foster intergovernmental cooperation for ODOT to improve the public right-of-way of Interstate 270, (iii) AEP will appropriately restore the areas affected by the Easement to the written satisfaction of CRPD, and (iv) AEP is monetarily compensating the City Twelve Thousand, Four Hundred Twenty-two, and 00/100 U.S. Dollars ($12,422.00) for granting the Easement.
CONTRACT COMPLIA...
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