Explanation
The City owns a building located at 1393 E. Broad Street that houses a Neighborhood Pride Center and several non-profit agency tenants. City Council (Ordinance 1517-2007) authorized the Director of the Department of Finance and Management to enter into lease agreements with four non-profit tenants for lease of office space within the building. The leases for two of the tenants, AARP Foundation and Grandparents Living Theatre, dba Senior Repertory of Ohio Theater Company, will expire on September 30, 2009. Both entities desire to remain in the building and the City wishes to enter into new lease agreements with these existing tenants. This ordinance authorizes the Director of the Department of Finance and Management to execute those documents necessary to enter into new lease agreements with AARP Foundation and Grandparents Living Theatre, dba Senior Repertory of Ohio Theater Company.
Fiscal impact: Passage of this ordinance will allow the City to continue to receive monthly rental of $1,816 for deposit into the "General Permanent Improvement Fund," Project #590701, Fund #748, to offset building operating expenses.
Title
To authorize the Director of the Department of Finance and Management to enter into one year lease agreements with AARP Foundation and Grandparents Living Theatre, dba Senior Repertory of Ohio Theater Company for that City-owned property at 1393 East Broad Street.
Body
WHEREAS, the City of Columbus, Ohio owns certain real property commonly known as 1393 East Broad Street; and
WHEREAS, the City of Columbus desires to enter into lease agreements with AARP Foundation (1,242 square feet) and Grandparents Living Theatre, dba Senior Repertory of Ohio Theater Company (574 square feet) for office space in this building; 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...
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