City of Columbus - File #: 0059-2011

• File #: 0059-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/7/2011
• In control: Minority and Business Development Committee
• On agenda: 1/31/2011
• Final action: 2/2/2011
• Title: To authorize the Director of the Department of Finance and Management to enter into a one year lease agreement with the Central Ohio Minority Business Association for that city-owned property commonly known as 1393 East Broad Street, Columbus, Ohio; and to declare an emergency.

Date	Ver.	Action By	Action	Result
2/2/2011	1	CITY CLERK	Attest
2/1/2011	1	MAYOR	Signed
1/31/2011	1	Columbus City Council	Approved	Pass
1/31/2011	1	COUNCIL PRESIDENT	Signed
1/19/2011	1	Finance Drafter	Sent for Approval
1/19/2011	1	CITY ATTORNEY	Reviewed and Approved
1/19/2011	1	Finance Drafter	Sent to Clerk's Office for Council
1/18/2011	1	FINANCE DIRECTOR	Reviewed and Approved
1/18/2011	1	Finance Drafter	Sent for Approval
1/18/2011	1	Auditor Reviewer	Reviewed and Approved
1/18/2011	1	CITY AUDITOR	Reviewed and Approved
1/13/2011	1	Finance Reviewer	Reviewed and Approved
1/12/2011	1	Finance Reviewer	Reviewed and Approved
1/11/2011	1	Finance Drafter	Sent for Approval
1/11/2011	1	Finance Reviewer	Reviewed and Approved
1/9/2011	1	Finance Reviewer	Reviewed and Approved
1/7/2011	1	Finance Drafter	Sent for Approval

Explanation

The City owns the office building located at 1393 East Broad Street which houses the Near East Pride Center. The City also leases office space in the building to non-profit, community-oriented companies. Central Ohio Minority Business Association (COMBA), has leased a 2,135 square foot suite in the building since 2007. Their current lease has no renewal options remaining and they wish to remain a tenant at this location. Therefore, a new lease must be executed with the City to continue their occupancy. This legislation authorizes the Director of the Department of Finance and Management to execute those documents necessary to enter into a lease agreement with the Central Ohio Minority Business Association.

Emergency action is requested to allow for immediate execution of the lease, allowing the City to move COMBA from a holdover status to a leased tenant.

Fiscal Impact: Passage of this ordinance will allow the City to continue to receive an annual rental of $25,620.00 for deposit into the "1393 East Broad Street Emergency Fund" to offset building operating expenses.


Title

To authorize the Director of the Department of Finance and Management to enter into a one year lease agreement with the Central Ohio Minority Business Association for that city-owned property commonly known as 1393 East Broad Street, Columbus, Ohio; and to declare an emergency.


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 a lease agreement with the Central Ohio Minority Business Association to lease approximately 2,135 square feet of space in the real property commonly known as 1393 East Broad Street; and

WHEREAS, an emergency exists in the 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 enter into a lease agreement with the Centr...