Explanation
Background: This legislation authorizes the Director of Development, or authorized signee, to execute a Fourth Amendment to Agreement for Lease of Real Property for Agricultural Purposes with Radcliff Ventures, LLC, authorized by City Council Ordinance 2799-2016, to adjust the acreage being farmed at the Parsons Avenue Water Plant. The Parties have agreed to eliminate the 16 tillable acres from PIN 495-232643 leaving a total of 103.39 tillable acres The City will receive a decrease in annual rent income from $22,087.15 to $15,540.00. This legislation is presented as emergency measure to memorialize the leased portion of the property in time for Spring planting.
Fiscal Impact: No funding is required for this legislation.
Emergency Action: This legislation is presented as emergency measure to allow for the appropriate lease modifications in time for Spring planting and so that the farming operations can proceed uninterrupted.
Title
To authorize the Director of Development, or authorized signee, on behalf of the Department of Public Utilities, to execute those documents necessary to enter into a Fourth Amendment to Lease Agreement for Use of Real Property for Agricultural Purposes with Radcliff Ventures LLC; and to declare an emergency. ($0.00)
Body
WHEREAS, the Department of Development, through its Real Estate and Land Redevelopment Office, leases vacant land in Franklin County on behalf of the Department of Public Utilities for farming purposes; and
WHEREAS, certain acreage has become difficult to access and due to the increase in traffic in and around the area and safety has become a concern. The City has agreed to remove this acreage from the lease and must amend the lease accordingly
WHEREAS, it is necessary to immediately amend the City’s existing lease with Radcliff Ventures, LLC to eliminate the 16 tillable acres from PIN 495-232643 leaving a total of 103.39 tillable acres and to modify the rent due to the City; and
WHEREAS, an e...
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