Explanation
Background: Since December 1, 2016 the City, on behalf of its Department of Public Utilities, has leased 161.15 tillable acres of farmland located in Franklin County and located at 5614-5660 Parsons Avenue, to Radcliff Ventures LLC, as authorized by City Council Ordinance 2799-2016. The Department of Public Utilities is engaged in a solar power project that necessitates use of a major portion of the acreage currently leased for farming purposes. It is necessary to reduce the rentable acreage from 161.15 acres to 30.39 acres effective December 1, 2021, to allow the solar power project to immediately proceed in order to meet the timeline established for implementation of the project
This legislation authorizes the Director of Finance and Management to execute those documents necessary to enter into a First Amendment to Lease Agreement for Use of Real Property for Agricultural Purposes of that certain Lease Agreement with Radcliff Ventures LLC, effective December 1, 2021, to re define the acreage of the leased premises and to modify the rent due to the City based on the 30.39 acres to be leased for farming purposes. All other terms, conditions, and provisions of the Leases 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 emergency measure to allow for the appropriate lease modifications in regards to the reduction in size of the leased premises and to modify the rent accordingly, to be effective December 1, 2021, so that the solar power project can proceed without delay.
Title
To authorize the Director of Finance and Management to execute those documents necessary to enter into a First Amendment to Lease Agreement for Use of Real Property for Agricultural Purposes with Radcliff Ventures LLC; and to declare an emergency. ($0.00)
Body
WHEREAS, the Department of Finance and Management, through its Real Esta...
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