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TO ACCEPT GENERAL WARRANTY DEED FOR PROPERTY LOCATED ALONG TECHCENTER DRIVE, CONSISTING OF 0.379 ACRES AND 2.978 ACRES FROM VALUE RECOVERY GROUP II, LLC.
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WHEREAS, the City of Gahanna received a Limited Warranty Deed for right of way purposes along Techcenter Drive from VRG; and
WHEREAS, the Limited Warranty Deed was recorded by the Franklin County Recorder on January 2, 2013; and
WHEREAS, the City Engineer has determined the value of the right of way to be $165,000 per acre for a total of $553,905.
WHEREAS, it is desirable and necessary for future research purposes to accept this Deed;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That this Council hereby accepts this Limited Warranty Deed for right of way purposes along Techcenter Drive from Value Recovery Group II, LLC, said deed attached as EXHIBIT A hereto and made a part herein.
Section 2. That this ordinance shall be in full force and effect after passage by this Council and 30 days after date of signature approval by the Mayor.