Explanation
Background: The City is the owner of an office building located at 1111 East Broad Street, Columbus, Ohio 43205. The City leases office and training space to the Workforce Development Board of Central Ohio by an Office Lease that commenced July 1, 2017 and expires on June 30, 2022. The City and the Workforce Development Board wish to extend the term of the Office Lease. A First Amendment to Office Lease is necessary in order to provide additional renewal terms and establish rent for each renewal term.
This legislation authorizes the Director of the Department of Finance and Management to enter into a First Amendment to Office Lease with the Workforce Development Board of Central Ohio, an Ohio non-profit corporation, for lease of office space and three training rooms for operation of the Ohio Means Jobs Columbus/Franklin County Job Center identified as Suite 102, in order to extend the term of the Office Lease by providing for three (3) additional one-year renewal terms, with the first renewal term commencing on July 1, 2022, and to establish the rental rate for each renewal term.
Fiscal Impact: The City will receive rental funds that will be deposited in Fund 2294 Subfund 001 that supports the operation of the Jerry Hammond Center. The annual rent for the 2022-2023 renewal term of the lease will be $312,069.00.
Emergency Justification: Emergency action is requested to allow for occupancy and provision of job training services by the Workforce Development Board to continue uninterrupted.
Title
To authorize the Director of Finance and Management to execute a First Amendment to the Office Lease with the Workforce Development Board of Central Ohio for the lease of office and training space at 1111 E. Broad Street in order to extend the Office Lease Agreement; and to declare an emergency.
Body
WHEREAS, the City is the owner of that certain real property located at 1111 East Broad Street, Columbus, Ohio 43205, commonly known as the Jerry Hammon...
Click here for full text