Explanation
Background: Since October 1, 2012 on behalf of Columbus Public Health, the City has leased approximately 2,860 square feet of medical office space located at 77-83 Outerbelt Street to house a Women, Infants and Children (WIC) clinic. The current Lease Agreement (“Lease”), effective October 1, 2016 and authorized by City Council Ordinance 2415-2018, is by and between SAMA Management Group, LLC as the Landlord and the City as the Tenant. SAMA Management Group, LLC sold the 77-83 Outerbelt Street property and the City’s leasehold interest in May 2019 to First Choice Rental Properties Holding, LLC.
In order to memorialize the change in Landlord in the Lease Agreement, the City and First Choice Rental Properties Holding, LLC, as successor in interest to SAMA Management Group, LLC, desire to enter into a First Amendment to Lease Agreement to assign the Lease Agreement to First Choice Rental Properties Holding, LLC as Landlord and to change the Notice provision to reflect the change in Landlord. First Choice Rental Properties Holding, LLC has registered with the City as a vendor. Its’ Contract Compliance # is CC 029781.
This legislation authorizes the Director of Finance and Management to execute those documents necessary to enter into a First Amendment to Lease Agreement with First Choice Rental Properties Holding, LLC of that certain Lease Agreement, effective October 1, 2016, to recognize First Choice Rental Properties Holding, LLC as successor in interest to SAMA Management Group, LLC as Landlord and to revise the Notice provision of the Lease to indicate the correct address for the new Landlord. All other terms, conditions, and provisions of the Lease will remain unchanged and in full force and effect. This legislation is presented as emergency measure.
Fiscal Impact: $0.00
Emergency Action: This legislation is presented as an emergency measure to allow for payment of the June monthly rent to the new ownership entity at the earliest possibl...
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