This is what happens when a backflow cage or enclosure manufacturer uses a hardware store eye bolt as a locking mechanism.
for a more detailed page on removing broken taps go here https://www.weldingtipsandtricks.com/broken-tap.html
Visit the weldmonger store here https://www.weldmongerstore.com/
Tips for removing broken taps, studs, and pressed in pins.
A tig welder with a foot pedal and some hastelloy w, 312 ss rod, or 309 ss rod will do the trick most of the time.