City of Columbus - File #: 1121-2007

• File #: 1121-2007
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/28/2007
• In control: Finance & Economic Development Committee
• On agenda: 7/16/2007
• Final action: 7/19/2007
• Title: To authorize the Director of the Department of Finance and Management to execute those documents necessary to enter into a lease agreement by and between the City of Columbus and The Columbus Downtown Development Corporation, for approximately 7,925 square feet of office space located on the second floor of the Lazarus Building, for the relocation the City's Downtown Resource Center and offices of the Economic Development Division of the Department of Development, and to declare an emergency.

Date	Ver.	Action By	Action	Result
7/19/2007	1	CITY CLERK	Attest
7/17/2007	1	MAYOR	Signed
7/16/2007	1	Columbus City Council	Approved	Pass
7/16/2007	1	COUNCIL PRESIDENT	Signed
7/6/2007	1	Atty Drafter	Sent to Clerk's Office for Council
7/5/2007	1	City Clerk's Office	Sent back for Clarification/Correction
7/2/2007	1	CITY ATTORNEY	Reviewed and Approved
7/2/2007	1	Atty Drafter	Sent to Clerk's Office for Council
6/29/2007	1	Finance Reviewer	Sent for Approval
6/29/2007	1	Finance Drafter	Sent for Approval
6/29/2007	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
6/29/2007	1	Finance Drafter	Sent for Approval
6/29/2007	1	Finance Reviewer	Reviewed and Approved
6/29/2007	1	FINANCE DIRECTOR	Reviewed and Approved
6/29/2007	1	Atty Drafter	Sent for Approval
6/28/2007	1	Atty Drafter	Sent for Approval
6/28/2007	1	Finance Reviewer	Sent for Approval

Explanation

Background: In 2002 the City's Downtown Development Office relocated to 20 East Broad Street, to become a part of the Downtown Resource Center along with Capitol South, the Columbus Downtown Development Corporation, and the Capitol Crossroads Special Improvement District staff. The public/private partnership within the Downtown Resource Center was successful in the promotion of the downtown area. The City now desires to expand upon the success of the Downtown Resource Center's collaboration to include all offices of the City's Department of Development's Economic Development Division, the Columbus Downtown Development Corporation, Capitol South, and the Greater Columbus Chamber of Commerce to create a "One Stop Shop" for economic development. To allow for the co-location of all entities, the City now proposes to relocate the Downtown Resource Center and the offices of the Economic Development Division to the second floor of the Lazarus Building. Therefore, the following legislation authorizes the Director of the Department of Finance and Management to execute on behalf of the City, those documents necessary to enter into a lease agreement with the Columbus Downtown Development Corporation, ("Lessor"), for the rental of approximately 7,925 square feet of office space, within the Lazarus Building. The proposed lease is for twenty (20) one-year terms subject to the appropriation of funds by City Council and certification of availability of funds by the City Auditor. City staff is expected to relocate and occupy the space in Spring 2008.

Fiscal Impact: Funding for payment of each lease term is subject to the appropriation of funds by City Council and certification of availability of funds by the City Auditor.

Emergency Justification: Staff is expected to relocate and occupy the office space in Spring 2008; therefore emergency action is requested to allow for the immediate execution of the subject lease agreement by the City to allow Colum...