EXPLANATION
BACKGROUND: The City owns real property located in the vicinity of East Nationwide Boulevard, Columbus, Ohio 43215 {Franklin County Tax Parcel 010-248376 and 010-187793} (“Property’), which is located at the Greater Columbus Convention Center ("Convention Center")and managed by the Department of Finance and Management (“Finance”). The Property is leased to the Franklin County Convention Facilities Authority ("FCCFA"). The Ohio Power Company, an Ohio corporation doing business as American Electric Power (“AEP”), currently has an easement allowing it to provide power to this site and the surrounding area. However, due to the age of the infrastructure, AEP needs to upgrade the failing service. AEP now requests the applicable electric utility easements to burden a portion of the Property in order to maintain certain electric facilities and associated appurtenances for the distribution, delivery, and service of electrical energy and impulses for the benefit of real estate in the Property’s vicinity (“Easement”). Finance and the FCCFA reviewed the plans and support granting AEP the replacement Easement at no cost in consideration that (i) the Easement supports electricity services in the vicinity of the Property and (ii) the Easement will be nonexclusive.
CONTRACT COMPLIANCE: Not applicable.
FISCAL IMPACT: Not applicable.
EMERGENCY JUSTIFICATION: Emergency action is requested so that AEP may enter the property and replace the failing infrastructure thereby allowing future development of the site which will preserve the public peace, health, property, safety, and welfare.
TITLE
To authorize the director of the Department of Finance and Management to execute and acknowledge any document(s), as approved by the Department of Law, Real Estate Division, necessary to grant to the Ohio Power Company d.b.a. AEP an electric utility easement to burden a portion of the City’s real property at East Nationwide Boulevard; and to declare an emergency. ($0...
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