City of Columbus - File #: 2212-2004

• File #: 2212-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 12/1/2004
• In control: Safety Committee
• On agenda: 12/13/2004
• Final action: 12/15/2004
• Title: To authorize the Director of Development to convey a 0.48 acre parcel of real property located at 742 East Long Street to Gideon Development Partners, LLC for $32,000.00; to authorize the Director of Public Safety to execute an office lease with Gideon Development Partners, LLC for office space in a new office building to be constructed by Gideon Development Partners LLC at 742 East Long Street, to waive the competitive bidding procedures of Chapter 329 of the Columbus City Codes, to authorize the appropriation and expenditure of $1,056,293 from the special income tax fund and Public Safety's capital improvement fund, and to declare an emergency. (AMENDED BY ORD. 0920-2005 PASSED 06/06/2005)

Date	Ver.	Action By	Action	Result
12/15/2004	1	CITY CLERK	Attest
12/13/2004	1	Columbus City Council	Approved	Pass
12/13/2004	1	COUNCIL PRESIDENT	Signed
12/13/2004	1	MAYOR	Signed
12/3/2004	1	Auditor Reviewer	Contingent Within
12/3/2004	1	CITY AUDITOR	Reviewed and Approved
12/3/2004	1	Safety Drafter	Sent for Approval
12/3/2004	1	CITY ATTORNEY	Reviewed and Approved
12/3/2004	1	Safety Drafter	Sent to Clerk's Office for Council
12/2/2004	1	Finance Reviewer	Reviewed and Approved
12/2/2004	1	Finance Reviewer	Reviewed and Approved
12/2/2004	1	FINANCE DIRECTOR	Reviewed and Approved
12/2/2004	1	Safety Drafter	Sent for Approval
12/1/2004	1	Safety Drafter	Sent for Approval
12/1/2004	1	Safety Reviewer	Reviewed and Approved
12/1/2004	1	Safety Reviewer	Sent for Approval
12/1/2004	1	Safety Reviewer	Reviewed and Approved
12/1/2004	1	Safety Reviewer	Reviewed and Approved
12/1/2004	1	SAFETY DIRECTOR	Reviewed and Approved

Explanation

Background: The City owns a 0.48-acre parcel of vacant land located at 742-744 East Long Street. Gideon Development Partners, LLC, ("Gideon"), has submitted a contract to purchase the property for $32,000 and a development proposal to construct a 50,000 square foot mixed use building on the site consistent with the King-Lincoln District Plan adopted by Council in July 2002. Redevelopment of this site is part of Phase 1 of the Plan which includes renovation of the Lincoln Theater across the street from the site and residential development at Long and Monroe and the former Whitney Young apartment site. The Department of Public Safety has negotiated a proposed lease agreement with Gideon for 28,212 square feet of the proposed office building to relocate the Internal Affairs Bureau and Accident Investigation Unit of the Division of Police. The proposed lease is a 15-year lease subject to annual appropriations by City Council. Base rent is $11.75 per square foot net of utilities, taxes and insurance. Annual rent, including common area maintenance charge for the first year is $383,683.00. The City will be responsible for utilities to serve its leased space. Under the proposal Gideon will contribute $137,500 to tenant improvements with the City paying for the remaining cost of tenant improvements up to $672,610. Construction is anticipated to be completed in 2005. New furniture, fixtures and equipment needed to relocated IAB and AIS in 2005 is estimated to be $391,604.00. This ordinance authorizes the sale of property to Gideon and authorizes the Director of Public Safety to execute the proposed lease agreement.

Fiscal Impact: The first years rent of $383,683.00 is from the special income tax fund The cost of Tenant Improvements up to a total of $672,610.00 is from the voted safety bond funds. The proceeds from the sale of the property of $32,000 will be deposited in the Permanent Improvement Fund.

Emergency Justification: Emergency action i...