Explanation
Background: In 1989 pursuant to Ordinance No. 65-89 the Cities of Columbus and Bexley entered into a lease of the property commonly referred to Academy Park/Clowson Field. In 1997, pursuant to Ordinance No. 1526-95, a new fifteen (15) year lease was entered into which included Academy Park/Clowson Field and a portion of Wolfe Park. Under the lease Bexley agreed to make certain improvements and to maintain the leased areas. In exchange Bexley had the exclusive right to use and to schedule use of athletic fields in the leased area subject to the City of Columbus right to schedule use for a specified number of days. The Cities of Columbus and Bexley now desire to enter into a Mutual Termination of Lease Agreement which releases each City from the lease covenants and obligations. By separate ordinance approval to execute a new lease agreement between Columbus and Bexley for Academy Park/Clowson Field will be submitted in order to continue the same mutual beneficial arrangements for that park.
Fiscal Impact: NONE
Title
To authorize the Executive Director of Recreation and Parks to enter into a Mutual Termination of Lease Agreement with the City of Bexley.
Body
WHEREAS, in 1997 pursuant to Ordinance No. 1526-95, the Cities of Columbus and Bexley entered into a fifteen (15) year lease agreement for the use of the athletic fields located in Academy and Wolfe Parks; and
WHEREAS, the Cities of Columbus and Bexley desire to terminate the lease agreement, thereby releasing each City from their respective lease covenants and obligations, and to enter into a Mutual Termination of Lease Agreement to memorialize the termination of the lease; and
WHEREAS, it is necessary to authorize the Executive Director to execute the Mutual Termination of Lease Agreement; now therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Executive Director be and hereby is authorized to enter into a Mutual Termination of Lease Agreement in substantially the form attached hereto.
Section 2. That this ordinance shall take effect and be in force and after the earliest period allowed by law.