Explanation
BACKGROUND: The City possesses title to a temporary construction easement described and recorded in Instrument Number 200908180121130, Recorder’s Office, Franklin County, Ohio (“Temporary Easement”). The Temporary Easement burdens real property located on Alum Creek Drive {Franklin County Tax Parcel 152-001456} (“Servient Estate”) currently owned by 2499 McGraw, LLC, an Indiana limited liability company (“Owner”). The Owner recently contacted the City requesting that the Temporary Easement be released as part of a planned sale of the property. The City’s Department of Public Utilities (“DPU”) has reviewed the request by the Owner to vacate the existing easement and determined that the Temporary Easement is no longer needed. In exchange the Owner has agreed to transfer to the City an adjacent portion of real property upon which the City’s has an odor control facility consisting of approximately 0.211 acres that is currently located in an easement recorded in Instrument Number 200310310348980, Recorder’s Office, Franklin County, Ohio (“Permanent Easement”). DPU has determined that terminating a portion of the City’s rights to the Temporary Easement in exchange for the transfer in fee of the Permanent Easement benefits the City and should be granted at no monetary cost.
FISCAL IMPACT: Not applicable.
EMERGENCY JUSTIFICATION: Emergency action is requested in order to immediately release the temporary easement to allow the property sale to proceed in a timely manner.
Title
To authorize the Director of the Department of Public Utilities (DPU) to execute those document(s) necessary to release and terminate the City’s temporary easement rights described and recorded in Instrument Number 200908180121130, Recorder’s Office, Franklin County, Ohio, and to declare an emergency. ($0.00)
Body
WHEREAS, the City intends to release and terminate its temporary construction easement described and recorded in Instrument Number 200908180121130, ...
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