Explanation
BACKGROUND: This ordinance authorizes the Finance and Management Director, on behalf of the Real Estate Management Office to expend $792,000.00 for existing lease agreements for City agencies. Each of the four leases and the Memorandum of Understanding (MOU) have automatic renewal options that are subject to authorization of funding by Council.
The rent payments for the leases will be made to: Franklin County ($25,000) for the Municipal Court Building at 375 South High Street; to King Lincoln Gateway LLC ($465,000.00) for two (2) Division of Police offices at 750 E. Long Street; King Lincoln Gateway LLC ($130,000.00) for office space for the Division of Fire at 750 E. Long Street; and to The Center For Child and Family Advocacy at Nationwide Children's Hospital, dba The Center for Family Safety and Healing ($42,000.00) for offices of the Division of Police. The rent payment for the internal MOU agreement will be paid to Department of Public Utilities, ($130,000.00) for the space occupied by the Departments of Public Safety and Recreation and Parks at Fairwood Avenue.
Fiscal Impact: This ordinance authorizes the expenditure of $792,000.00 from the General Fund with Franklin County, King Lincoln Gateway, and the Center for Child & Family Advocacy at Nationwide Children’s Hospital for lease payments associated with leased office space currently in use by the Municipal Court, the Department of Public Safety, and the Department of Recreation and Parks. The Real Estate Management Office budgeted $792,000 in the General Fund for these expenditures.
Emergency Action: Emergency action is requested to allow for the timely payment of rent associated with the 2017 renewal term for each lease and the MOU.
Title
To authorize the Director of the Department of Finance and Management to expend $792,000.00 for the payment of rent for four (4) lease agreements for office space used by the Department of Public Safety and one agreement with the Department ...
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