Background: The City and the Board of Commissioners of Franklin County entered into that certain Lease Agreement, dated April 1, 2009, and as amended by First Amendment To Lease Agreement, dated January 31, 2012 (the "Agreement"), for that office building located at 375 S. High Street and occupied by the Franklin County Municipal Court. The Agreement reserves office space for the County's occupancy in the building on floors 5 and 6 and the basement level, defined as the "Landlord's Reserved Premises". Per the terms of the Agreement, the County is required to vacate and deliver the "Landlord's Reserved Premises" to the City by no later than December 31, 2012.
The County has requested that the City grant an extension of the County's term of occupancy until September 30, 2014 to allow for the completion construction required for renovation of office space in the County's building located at 369 S. High Street to house the functions now located at 375 S. High Street. In order to accommodate an upgrade in the building's electrical switch gear, the City need additional space that is currently part of the Landlord's Reserved Premises and requires modification of the Agreement to reduce and redefine the space assigned as the "Landlord's Reserved Premises".
This legislation authorizes the Director of Finance and Management to execute those documents necessary to amend that certain Lease Agreement with the Board of Commissioner's of Franklin County, dated April 1, 2009, and as amended by the First Amendment To Lease Agreement, dated January 31, 2012 for the Franklin County Municipal Court located at 375 S. High Street to extend the County's term of occupancy to September 30, 2014 and to reduce and redefine the space allocated as the "Landlord's Reserved Premises". All other terms will remain unchanged.
Fiscal Impact: None.
Emergency Justification: Emergency action is requested to allow the lease amendment to be executed and effective by December 31, 2012 so that ...
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