Explanation
Background: This ordinance authorizes the Director of Public Utilities to execute those documents necessary to enter into the Fifteenth Modification to the Transfer Agreement and Modification of Leases between the City and the Solid Waste Authority of Central Ohio ("SWACO"), for the purpose of releasing certain areas from the leased Premises under the Transfer Agreement and Lease Agreement (Solid Waste Reduction Facility), dated March 31, 1993, as amended by subsequent modifications (the “SWRF Lease Agreement”) and conveying fee title to an approximatlely 5.924 acre portion of the leased Premises to SWACO.
Fiscal Impact: N/A
Emergency Justification: Emergency action is requested to allow the Fifteenth Modification to the Transfer Agreement and Modification of Leases to be effective at the earliest possible date thereby releasing certain real property from the Transfer Agreement and SWRF Lease Agreement which will preserve the public peace, property, health, welfare, and safety.
Title
To authorize the Director of Public Utilities to enter into a Fifteenth Modification to the Transfer Agreement and Modification of Leases by and between the City and Solid Waste Authority of Central Ohio (“SWACO”); and to declare an emergency.
Body
WHEREAS, the City has requested SWACO release a 4.687 acre portion of the leased Premises under the Transfer Agreement and SWRF Lease Agreement; and
WHEREAS, in consideration and in exchange for the release of the 4.687 acre tract of real property, SWACO has requested the City convey fee title to SWACO certain portion of the leased Premises; and
WHEREAS, the City and SWACO now desire to enter into a Fifteenth Modification of the Transfer Agreement and Modification of Leases, and
WHEREAS, an emergency exists in the usual daily operations of the Department of Public Utilities in that it is immediately necessary to execute the Fifteenth Modification of the Transfer Agreement and Modification of Lea...
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