Explanation
Background: Ordinance 2114-2025 authorized the Director of the Department of Development to accept a deed for the properties located at 435 W. State Street (010-042704) and 122 McDowell Street (010-294272), Columbus, Ohio 43215 and to accept and amend existing lease agreements. The City seeks to enter into a new lease agreement with Innovation Franklinton, a newly established nonprofit corporation to manage the building. The entity was established in partnership with the Columbus Association of the Performing Arts.
Fiscal Impact: No funding is required for this legislation.
Title
To authorize the Director of Development to execute lease agreement for the property located at 435 W. State Street (010-042704). ($0.00)
Body
WHEREAS, By Ordinance 2114-2025, Columbus City Council authorized the Director of the Department of Development to accept deeds for the properties located at 435 W. State Street (010-042704) and 122 McDowell Street (010-294272), Columbus, Ohio 43215 from the Columbus Holding Group LLC and to amend lease agreements in place; and
WHEREAS, the City desires to enter into an agreement with Innovation Franklinton, an Ohio nonprofit corporation to manage 435 W. State Street (010-042704). Innovation Franklinton was established by the Columbus Association of the Performing Arts (CAPA), also an Ohio not for profit corporation, for this purpose; and
WHEREAS, it has become necessary in the usual daily operation, that it is necessary to authorize the Director of the Department of Development to execute a lease agreement with Innovation Franklinton, an Ohio nonprofit corporation to manage the building located at 435 W State Street (010-042704), for the immediate preservation of the public health, peace, property, safety and welfare; now, therefore;
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of the Department of Development, or his designee, on the behalf of the City, be, and hereby is, ...
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