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 925-927 Mt. Vernon Avenue, Columbus, Ohio 43203 (Franklin County Tax Parcel ? 010-041015) to Maroon Arts Group, an Ohio nonprofit corporation, who is currently operating the MPACC Boxpark at the site. The project was one of the winners of the City’s Parcel to Places grant competition and is currently licensing the site under yearly agreements. 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 Maroon Arts Group.
FISCAL IMPACT: The City will collect “Rent” defined as lessee’s annual rental payment to the City in the amount of Three Hundred Sixty Dollars and 00/100 U.S. Dollars ($360.00), which is calculated at $.015 per square foot per year.
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 925-927 Mt. Vernon Avenue, Columbus, Ohio 43203 (010-041015) by Maroon Arts Group.
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 to Ohio Revised Code Section 5722.06 meets the Land Reutilization Program’s Lease Policies and Guiding Principles and has been approve...
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