Explanation
Background: The City, ("Lessee"), desires to enter into a lease agreement with Ralston Industries, Inc., an Ohio corporation, ("Lessor"), for the rental of certain real property which includes, approximately 9,000 square feet of office/warehouse storage space, located at 2771-2773 East Fourth Avenue, Columbus, Ohio, known as building #10 of the Ralston Industries Warehouse Facility. The warehouse is to be the new location of the Department of Development's "Mobile Tool Library Program", which has out grown its present space. The following legislation authorizes the Director of the Director of the Department of Finance and Management to execute those documents necessary to enter into a one (1) year lease agreement between the aforementioned parties, with the City having the option to renew the lease for (4) consecutive one (1) year terms.
Fiscal Impact: Funding for this matter will come from the Department of Development, Community Development Block Grant Fund.
Emergency Justification: Emergency action is requested to allow for the immediate execution of the subject lease agreement by the City as to allow the lease's December 1, 2005 commencement date to proceed without delay.
Title
To authorize the Director of the Department of Finance and Management to execute those documents necessary to enter into a one (1) year lease agreement by and between the City of Columbus and Ralston Industries, Inc., an Ohio corporation, for approximately 9,000 square feet of office/warehouse space at 2771-2773 E. Fourth Avenue, as the new location of the City's "Mobile Tool Library Program", to expend $32,040.00 from the Community Development Black Grant Fund, and to declare an emergency.
Body
WHEREAS, the City, ("Lessee"), desires to enter into a lease agreement with Ralston Industries, Inc., an Ohio corporation, ("Lessor"), for the rental of certain real property which includes, approximately 9,000 square feet of office/warehouse storage...
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