Explanation
Background: The City, ("Lessee"), desires to enter into a lease agreement with Ralston Industries, Inc., an Ohio corporation, ("Lessor"), for the rental of certain real property which includes, approximately 9,000 square feet of office/warehouse storage space, located at 2771-2773 East Fourth Avenue, Columbus, Ohio, known as building #10 of the Ralston Industries Warehouse Facility. The warehouse is to be the new location of the Department of Development's "Mobile Tool Library Program", which has out grown its present space. The following legislation authorizes the Director of the Director of the Department of Finance and Management to execute those documents necessary to enter into a one (1) year lease agreement between the aforementioned parties, with the City having the option to renew the lease for (4) consecutive one (1) year terms.
Fiscal Impact: Funding for this matter will come from the Department of Development, Community Development Block Grant Fund.
Emergency Justification: Emergency action is requested to allow for the immediate execution of the subject lease agreement by the City as to allow the lease's December 1, 2005 commencement date to proceed without delay.
Title
To authorize the Director of the Department of Finance and Management to execute those documents necessary to enter into a one (1) year lease agreement by and between the City of Columbus and Ralston Industries, Inc., an Ohio corporation, for approximately 9,000 square feet of office/warehouse space at 2771-2773 E. Fourth Avenue, as the new location of the City's "Mobile Tool Library Program", to expend $32,040.00 from the Community Development Black Grant Fund, and to declare an emergency.
Body
WHEREAS, the City, ("Lessee"), desires to enter into a lease agreement with Ralston Industries, Inc., an Ohio corporation, ("Lessor"), for the rental of certain real property which includes, approximately 9,000 square feet of office/warehouse storage space, located at 2771-2773 East Fourth Avenue, Columbus, Ohio, known as building #10 of the Ralston Industries Warehouse Facility; and
WHEREAS, the warehouse is to be the new location of the Department of Development's "Mobile Tool Library Program", which has out grown its present space; and
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus, in that it is immediately necessary to authorize the Director of the Department of Finance and Management to execute those documents necessary to enter into a one (1) year lease agreement, with certain options to renew the lease if so desired, for certain real property located at 2771-2773 East Fourth Avenue, Columbus, Ohio, known as building #10 of the Ralston Industries Warehouse Facility for the immediate preservation of the public health, peace, property and safety; 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 approved by the Department of Law, Division of Real Estate necessary to enter into a one (1) year lease agreement by and between the City of Columbus, ("Lessee"), and Ralston Industries, Inc., an Ohio corporation, ("Lessor"), for the rental of certain real property which includes, approximately 9,000 square feet of office/warehouse storage space, located at 2771-2773 East Fourth Avenue, Columbus, Ohio 43219, known as building #10 of the Ralston Industries Warehouse Facility.
Section 2. That the terms and conditions of the lease shall be in form approved by the City Attorneys Office and shall include the following:
- The lease shall be effective for a period of one (1) year term commencing on December 1, 2005 and terminating on November 30, 2006, unless otherwise renewed as provided within the lease agreement.
- All rents are subject to the yearly appropriation of the rental funds by the Columbus City Council. The rent for the first year is $32,040.00.
- Subject to Columbus City Council appropriation of additional funding necessary for rent payments, this lease agreement, at the option of Lessee, may be renewed, under the same terms and conditions, for four (4) consecutive one (1) year terms. Each such one (1) year term being subject to said appropriation of the rental funds by Columbus City Council.
- Such other terms and conditions as agreed to and approved by the City Attorney.
e)
Section 3. That the expenditure of $32,040.00, or so much thereof as may be necessary be and hereby is authorized to be expended from Fund 0248, the Community Development Block Grant Fund, Department/Division. 44-10, Object Level One 03, Object Level Three Code 3301, OCA Code 445010, for costs related to the aforesaid purpose is hereby authorized.
Section 4. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor or ten days after passage if the Mayor neither approves nor vetoes the same.