Explanation
BACKGROUND: Ordinance 1083-2022, authorized the Director of Development to enter into a lease agreement with Rickenbacker Woods Technology Museum and Historical Park for the property located at 1334 East Livingston Ave. (Eddie Rickenbacker House). Authorization is now requested for the Director of the Department of Development to enter into a lease agreement for an adjacent property located at 782-784 Lockbourne Ave, Columbus, Ohio 43205 (Franklin County Tax Parcel ? 010-040861) to Rickenbacker Woods Technology Museum and Historical Park, Inc., an Ohio nonprofit corporation. Rickenbacker Woods applied for 2023 CDBG funding to construct a playground and parking area in support of their existing afterschool and other programs targeting area youth. The project will be constructed on the Land Bank property and, once constructed, managed by Rickenbacker Woods. This legislation authorizes the Director of Development to enter into the necessary lease agreement as needed for the use, operation, lease, and management of the property, as approved by the City Attorney’s Office.
FISCAL IMPACT: The City will collect “Rent” as defined as lessee’s annual rental payment to the City in the amount of two hundred and twenty five and 00/100 U.S. Dollars ($225.00), which is calculated at $.015 per square foot per year.
EMERGENCY JUSTIFICATION: Emergency action is requested to enable the City to immediately enter into the necessary agreements allowing the lessee to secure funding for a portion of the project.
Title
To authorize the Director of the Department of Development to enter into the necessary lease agreement as needed for the use, operation, lease, and management of 782-784 Lockbourne Ave. (010-040861) by Rickenbacker Woods Technology Museum and Historical Park, Inc., an Ohio nonprofit corporation; and to declare an emergency ($0.00).
Body
WHEREAS, by Ordinance 1325-98, Council adopted and elected to use the Revised Code Chapter 5722, Land Reutiliza...
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