Explanation
On October 1, 2007 Columbus City Council passed Ordinance 1517-2007, authorizing the Director of the Department of Finance and Management to enter into lease agreements with tenants at the Columbus Model Neighborhood Facility at 1393 E. Broad Street. Another prospective tenant, Visionary Leaders Institute, has expressed interest in leasing approximately 1,822 square feet of space in this building. The following legislation authorizes the Director of the Department of Finance and Management to execute those documents necessary to enter into a lease agreement with the Visionary Leadership Institute.
Emergency Action is requested to allow the tenant (Ako Kambon, president) to open his offices as early as possible (early December). This will also allow the City to begin receiving rental income immediately.
Fiscal impact: Passage of this ordinance will allow the City to begin receiving monthly rental of $1,670 for deposit into the "1393 East Broad Street Emergency Fund" to offset building operating expenses.
Title
To authorize the Director of the Department of Finance and Management to enter into a one year lease agreement with the Visionary Leadership Institute for that city-owned property commonly known as 1393 East Broad Street, Columbus, Ohio, and to declare an emergency.
Body
WHEREAS, the City of Columbus, Ohio owns certain real property commonly known as 1393 East Broad Street; and,
WHEREAS, the City of Columbus took operational control of this building as of October 1, 2007 with the passage by City Council of Ordinance 1517-2007; and
WHEREAS, the City of Columbus desires to enter into a lease agreement with the Visionary Leadership Institute to lease approximately 1,822 square feet of space in the real property commonly known as 1393 E. Broad Street; and,
WHEREAS, an emergency exists in the daily operation of the City of Columbus, in that it is immediately necessary to authorize the Director of the Department ...
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