City of Columbus - File #: 1271-2007

• File #: 1271-2007
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 7/19/2007
• In control: Finance & Economic Development Committee
• On agenda: 9/17/2007
• Final action: 9/20/2007
• Title: To authorize the Director of the Department of Finance and Management to execute those documents necessary to enter into a six (6) month lease extension with The 3042 McKinley Company with the City having the option to extend the lease for an additional (6) months, as long as the City gives the landlord notice of its desire to extend prior to the last month of the current term; to authorize the expenditure of $102,560.50 from the Special Income Tax Fund, and to declare an emergency.($102,560.50)

Date	Ver.	Action By	Action	Result
9/20/2007	1	CITY CLERK	Attest
9/18/2007	1	MAYOR	Signed
9/17/2007	1	Columbus City Council	Approved	Pass
9/17/2007	1	COUNCIL PRESIDENT	Signed
9/7/2007	1	Atty Drafter	Sent to Clerk's Office for Council
9/6/2007	1	Auditor Reviewer	Reviewed and Approved
9/6/2007	1	CITY AUDITOR	Reviewed and Approved
9/6/2007	1	Atty Drafter	Sent for Approval
9/6/2007	1	CITY ATTORNEY	Reviewed and Approved
9/5/2007	1	Atty Drafter	Sent for Approval
9/4/2007	1	Finance Reviewer	Reviewed and Approved
9/4/2007	1	FINANCE DIRECTOR	Reviewed and Approved
8/31/2007	1	Finance Reviewer	Reviewed and Approved
8/30/2007	1	Finance Reviewer	Reviewed and Approved
8/28/2007	1	Finance Reviewer	Reviewed and Approved
7/19/2007	1	Atty Drafter	Sent for Approval

Explanation

Background: The City of Columbus, ("Tenant") entered into a Lease Agreement with The 3042 McKinley Trust, dated May 19, 2006 for the lease of approximately 15,292 square feet of space located at 3042 McKinley Avenue, Columbus, Ohio 43204. The Tenant now desires to enter into a Lease Extension with The 3042 McKinley Company ("Landlord"), an Ohio limited liability company, as successor in interest to The 3042 McKinley Trust, pursuant to an Assignment and Assumption Agreement dated May 4, 2007. The office space will be used in the daily operations of the Department of Public Safety, Columbus Police Department. After investigation by the Department of Public Safety, it has been determined that the extension of the lease is in the best interest of the City and should be allowed. The following legislation authorizes the Director of the Department of Finance and Management to execute those documents necessary to enter into a six (6) month lease extension with The 3042 McKinley Company, with the City having the option to extend the lease for an additional (6) months, as long as the City gives the landlord notice of its desire to extend prior to the last month of the current term.

The 3042 McKinley Company Contract Compliance Number 31-6334544, expiration date 02/02/2009.

Fiscal Impact: The necessary amount for this lease extension was budgeted and appropriated in the Special Income Tax Fund, through Ordinance 0151-2007, passed 02/02/2007.

Emergency Justification: The term of the lease extension is to begin on October 1, 2007 and therefore emergency action is requested to allow for the immediate execution of the subject lease extension by the City as not to delay this time line.

Title

To authorize the Director of the Department of Finance and Management to execute those documents necessary to enter into a six (6) month lease extension with The 3042 McKinley Company with the City having the option to extend the lease for an additional...