Explanation
In December 2006, the City purchased 1111 East Broad Street (now the Jerry Hammond Center, "JHC") as authorized by Ordinance #1005-2006 passed by City Council on June 8, 2006. As part of the requirements of the purchase agreement, the City assumed a five year Facility Management Agreement ("FMA") with Jones Lang LaSalle Americas, Inc. for the professional management of the JHC. The FMA allows the management company to terminate the agreement by providing the City a minimum of 120 days written notice. On February 27, 2008, Jones Lang LaSalle Americas, Inc. submitted notice to the City of its intent to terminate the FMA contract effective June 28, 2008.
The JHC is a multiple tenant building housing both City offices and outside tenants including the Central Ohio Workforce Investment Corporation and Franklin County Job and Family Services. Due to the complexity of issues with lease administration, tenant relations, ongoing City renovation projects, the size of the complex, and the intricacies of its related mechanical and security systems, the JHC requires full time professional management.
This legislation authorizes the Finance and Management Director to assign all duties in the current FMA, under the same conditions and at the same cost, to Paradigm Properties of Ohio, LLC (Paradigm), a national property management company with a large presence in Columbus.
This legislation also authorizes the waiving of the competitive bidding provisions of the Columbus City Codes and authorizes the cancellation of the balance of the funds remaining on the existing purchase order (EL007786) originally established in the 1111 East Broad Street Fund for the FMA with Jones Lang LaSalle Americas, Inc. The Purchase Order was originally drawn in the amount of $750,500.00 for operating expenses and management fee for the property, and will now be used to fund the FMA with Paradigm Properties of Ohio, LLC. The 120 day notice time frame does not allow suffic...
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