Explanation
BACKGROUND: Authorization is needed for the Director of the Department of Development to enter into a 5 year lease agreement for the property at 589 Stambaugh Ave. (010-114572), 595 Stambaugh Ave. (010-114571), 637 Stambaugh Ave. (010-114564) and 634 Elwood Ave. (Parcels 010-114603, 010-114604 & 010-114605) to Wild Prairie Flowers LLC, an Ohio for-profit whose project has transformed the vacant and underutilized sites in this under-served neighborhood into a productive sustainable urban farm which has encouraged civic engagement. This legislation authorizes the Director of Development to enter into the necessary lease agreement as needed for the use, operation, lease, and management of the property by Wild Prairie Flowers LLC.
FISCAL IMPACT: The City will collect “Rent” as defined as lessee’s annual rental payment to the City in the amount of Five-Hundred Ninety-Two and 00/100 U.S. Dollars ($592.00), which is calculated at $0.015 U.S. Dollars per square foot.
Title
To authorize the Director of the Department of Development to enter into the necessary lease agreement as needed for the use, operation, lease, and management of 589 Stambaugh Ave. (010-114572), 595 Stambaugh Ave. (010-114571), 637 Stambaugh Ave. (010-114564) and 634 Elwood Ave. (Parcels 010-114603, 010-114604 & 010-114605).
Body
WHEREAS, by Ordinance 1325-98, Council adopted and elected to use the Revised Code Chapter 5722, Land Reutilization Program, to facilitate effective reutilization of nonproductive land acquired through a sale pursuant to a foreclosure proceeding initiated by the Franklin County Treasurer, or through a sale of forfeited lands by the Franklin County Auditor, or through a conveyance in lieu of foreclosure to foster either return of such land to tax revenue generating status or its devotion to public use, or any other land acquired as part of the land reutilization program; and
WHEREAS, a proposal for the lease of the property which was acquired pursuant...
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