Explanation
Background: The City owns land located on the west side of Wager Street between Marion Road and Innis Avenue, commonly known as Franklin County Tax Parcel 010-017011. A portion of the parcel comprised of Lots 20, 21, and 22 in Ruhwedel's South Side Addition have been leased by the City since 1994 to the United States Postal Service (USPS) as additional parking for its postal facility located at 445 E. Innis Avenue (Ordinance 2077-94). The lease agreement was for an initial five (5) year term and provided for three renewal options, each for an additional five (5) year term. The last of these three renewal options will expire on November 30, 2014 thus necessitating the need for a new lease agreement with USPS for their continued use as additional parking.
This legislation authorizes the Director of the Department of Finance and Management to execute those documents necessary to enter into a new lease agreement with the United States Postal Service for lease of Lots 20, 21, and 22 of Ruhwedel's South Side Addition for use as additional parking for the postal facility located at 445 E. Innis Avenue. The lease agreement will be for a five (5) year term that will commence on December 1, 2014 and terminate on November 30, 2019.
Fiscal Impact: The City of Columbus will receive rent in the amount of $8,400.00 annually during the five year term of the lease agreement. Rent proceeds will be deposited in the Street Construction, Maintenance, and Repair Fund.
Title
To authorize the Director of the Department of Finance and Management to enter into a five year lease agreement with the United States Postal Service for a portion of that City-owned property commonly known as Franklin County Tax Parcel 010-017011 and described as Lots 20, 21, and 22 of Ruhwedel's South Side Addition.
Body
WHEREAS, the City of Columbus, Ohio owns certain real property commonly known as Franklin County Tax Parcel 010-017011 a portion of which contains Lots 20, 21, and 22 of Ruhwedel's South Side Addition; and,
WHEREAS, the City of Columbus and the United States Postal Service desire to enter into an agreement for the lease of a portion of that real property described as Lots 20, 21, and 22 of Ruhwedel's South Side Addition for use as additional parking for the postal facility located at 445 E. Innis Avenue; and,
WHEREAS, it is necessary to authorize the Director of the Department of Finance and Management to execute, on behalf of the City, those documents necessary to enter into a lease agreement with the United States Postal Service for a portion of that City-owned real property commonly known as Franklin County Tax Parcel 010-017011 and described as Lots 20, 21, and 22 of Ruhwedel's South Side Addition; now, therefore:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of the Department of Finance and Management be, and hereby is, authorized to execute those documents, as approved by the Department of Law, Division of Real Estate, necessary to enter into a five (5) year lease agreement by and between the City of Columbus and the United States Postal Service, at an annual rental rate of $8,400 per year, for the lease of a portion of that City-owned real property commonly known as Franklin County Tax Parcel 010-017011 and described as Lots 20, 21, and 22 of Ruhwedel's South Side Addition.
SECTION 2. That the terms and conditions of this lease shall be in a form approved by the City Attorney's Office and shall include the following:
a) The lease shall be for a term of five (5) years commencing on December 1, 2014 and terminating on November 30, 2019 at an annual rental rate of $8,400 per year.
b) The United States Postal Service shall make monthly lease payments of $700.
c) Such other terms and conditions as are required and/or approved by the City Attorney's Office.
SECTION 3. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.