Explanation
Background: In 2007, the City, transferred properties in fee title, located in and around Bolton Field Airport, to the Columbus Regional Airport Authority ("CRAA"). The City's deed to CRAA contained a restriction limiting the use of these properties to public airport uses. CRAA has requested that this airport use restriction be released on two parcels identified as Tract 15 Franklin County Tax Parcel 570-154786, and Tract 16 - Franklin County Tax Parcel 570-154780, in order that CRAA may develop these parcels for purposes other than public airport use. The City’s easement rights reserved on each of these parcels will remain in full force and effect. The following legislation authorizes the Director of the Department of Finance and Management to execute those documents necessary to release and discharge the City's use restrictions relating solely to the real property.
Fiscal Impact: N/A
Emergency action is requested to allow CRAA to proceed with its plans, at the earliest date possible, for the commercial development of theses parcels.
Title
To authorize the Director of the Department of Finance and Management to execute those documents necessary to release public airport use restrictions on two parcels of real property at Bolton Field Airport; and to declare an emergency.
Body
WHEREAS, the City restricted the use of all the real property granted to the Columbus Regional Airport Authority ("CRAA") to public airport related uses, as recorded in the Quitclaim Deed, Instrument 200712310221193, Franklin County Recorder's Office ("Quit Claim Deed"); and,
WHEREAS, CRAA has requested that the City release the public airport use restriction on the real property identified as Tract 15 Franklin County Tax Parcel 570-154786, and Tract 16 - Franklin County Tax Parcel 570-154780 to allow development of these properties for commercial use; and
WHEREAS, it has been determined that it is in the City’s best interest to release the public airport use ...
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