Explanation
Background: Directions for Youth and Families, Inc., an Ohio non-profit corporation, ("Lessee"), desires to lease the City owned building located at 657 Ohio Avenue. Directions for Youth and Families, Inc., intends to use the building to provide a community facility for counseling services, clinical services, and prevention and education programs for high-risk youth and families. Under the proposed lease Directions for Youth and Families, Inc., will have an option to purchase the property at an agreed to amount, based on the appraised value. The following legislation authorizes the Director of the Department of Finance and Management to execute those documents necessary to enter into a three (3) year lease agreement with Directions for Youth and Families, Inc.
Fiscal Impact: Rental of the building will provide a revenue stream for the City of Columbus to offset the operation and maintenance expenses of this City owned facility.
Emergency Justification: Emergency action is requested to allow the execution of this agreement to proceed, thus allowing the ease to commence on December 1, 2005, without delay.
Title
To authorize the Director of the Department of Finance and Management to enter into a three (3) year lease agreement with Directions for Youth and Families, Inc., an Ohio non-profit corporation, for the lease of City owned real property located at 657 Ohio Avenue, including an option to purchase, to waive the competitive bidding provisions of Chapter 329 of the Columbus City Codes with respect to the option to purchase, and to the extent they may be applicable, to waive the competitive bidding and Land Review Commission requirements of the Columbus City Codes (1959) Revised, and to declare an emergency.
Body
WHEREAS, Directions for Youth and Families, Inc., a Ohio non-profit corporation desires to enter into a lease agreement with, the City for the City owned real property located at 657 Ohio Avenue; and
WHEREAS...
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