City of Columbus - File #: 1722-2008

• File #: 1722-2008
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/23/2008
• In control: Public Service & Transportation Committee
• On agenda: 11/10/2008
• Final action: 11/12/2008
• Title: To authorize the Director of Public Service to execute a Lease Agreement by and between the City of Columbus, Ohio and Nationwide Children's Hospital for a specified section of East Broad Street right-of-way adjacent to 6499 East Broad Street, Columbus, Ohio and to declare an emergency.

Date	Ver.	Action By	Action	Result
11/12/2008	1	MAYOR	Signed
11/12/2008	1	CITY CLERK	Attest
11/10/2008	1	Columbus City Council	Approved	Pass
11/10/2008	1	COUNCIL PRESIDENT	Signed
10/31/2008	1	SERVICE DIRECTOR	Reviewed and Approved
10/31/2008	1	Service Drafter	Sent for Approval
10/31/2008	1	CITY ATTORNEY	Reviewed and Approved
10/31/2008	1	Service Drafter	Sent to Clerk's Office for Council
10/30/2008	1	Service Reviewer	Reviewed and Approved
10/30/2008	1	Service Drafter	Sent for Approval
10/23/2008	1	Service Drafter	Sent for Approval

Explanation

1. BACKGROUND
Nationwide Children's Hospital ("Children's") has expressed a desire to lease a 20 foot by 25 foot (0.0112 acre) portion of East Broad Street right-of-way (hereinafter "the premises") adjacent to 6499 East Broad Street, Columbus, Ohio, from the City of Columbus ("City"). The existing East Broad Street right-of-way width in this area exceeds current City needs, however long term growth projections indicate the City will need to improve this portion of East Broad Street in the future therefore the City will not consider selling any of the existing right-of-way. The City has determined leasing the premises to Children's will not adversely impact the traveling public and that leasing the premises affords the City continued control of the premises. The following legislation authorizes the Director of the Department of Public Service to execute, on behalf of the City of Columbus, a lease agreement prepared by the City Attorney's Office that will allow Children's to lease the premises more fully described in the body of this legislation, subject to the mutual covenants and obligations contained within the lease agreement.

2. FISCAL IMPACT:
The term for this lease agreement shall be ten (10) years with an option to renew for five (5) successive one (1) year terms. As specified in the lease agreement the City will receive a non-refundable lease payment of $150.00 per year for each complete year this lease remains in effect. Payments shall be made annually to the Public Service Department, Transportation Division and shall be deposited in the Street Construction Maintenance Repair Fund, Fund 265.

3. EMERGENCY DESIGNATION:
Emergency action is being requested to allow the execution of the lease agreement to proceed as quickly as possible.

Title

To authorize the Director of Public Service to execute a Lease Agreement by and between the City of Columbus, Ohio and Nationwide Children's Hospital for a specified section of Eas...