Explanation
Background: The City leases its property located at 475 Elwood Avenue, since 1996, to various tenants for use as a children’s day care center and for the provision of a U.S. Department of Health and Human Services funded Head Start preschool program that serve children 3 to 5 years old and an Early Head Start program for infants and toddlers. The City was very recently notified that its current Tenant, The Columbus Urban League, has withdrawn from the Head Start preschool program and will no longer be providing Head Start early education services as of December 31, 2024. The Columbus Urban League’s lease of the property is in its sixth renewal with the current term ending October 31, 2025. This legislation authorizes the Director of Finance and Management to execute a Lease termination agreement with The Columbus Urban League to end the current lease effective December 31, 2024 and to enter into a new Lease Agreement with the Young Men’s Christian Association of Central Ohio, (YMCA) a non-profit corporation, as Tenant for a three year initial term, effective January 1, 2025, for the lease of 2,904 rentable square feet located at 475 Elwood Avenue for the provision of a Head Start preschool educational programs and services.
Fiscal Impact: The new Lease Agreement will generate the same amount of annual rental income ($18,150.00) to the City as the previous lease with the rent proceeds to be deposited in the General Fund
Emergency Action: This legislation is presented as emergency measure to allow for the immediate execution of the Lease Termination Agreement and the new Lease Agreement so that provision of Head Start services to the children currently enrolled in the program can continue without interruption beginning in January 2025.
Title
To authorize the Director of Finance and Management to execute a Lease Termination Agreement with The Columbus Urban League and to enter into a Lease Agreement with the Young Men’s Christian Associati...
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