Title
Release of an Easement (B)
This item is a request to approve and authorize a Release of Easement onto Exactech, Inc.
Explanation
On December 3, 1974, Kirm Corp., the owner of Tax Parcel 7879-065-000 at that time (Book 920, page 58), granted the City a Utility Easement over portions of the parcel, a portion of which was for drainage. Exactech, Inc. now owns the parcel and is in the process of redevelopment. To enhance the redevelopment, it is necessary to relocate a drainage easement to another area of the owner’s property. Exactech has requested a Release of Easement in exchange for the granting of a new easement. The advantage of this exchange will update and improve the drainage facility.
Fiscal Note
Funding in the amount of $100 for recording fees is available in Public Works FY2018 operating budget.
Recommendation
The City Commission: 1) approve the Release of Easement onto Exactech, Inc.; and 2) authorize the Mayor to execute the Release of Easement onto Exactech, Inc., subject to the approval of the City Attorney as to form and legality.