Explanation
Background: The City of Columbus is engaged in the South Side Pride Center project, for the purpose of providing residents of needy communities with improved access to City services, better interagency communication, and the ability for residents to participate in identifying and addressing the specific needs of their own neighborhoods. The South Side Pride Center has occupied space at 310 Innis Avenue continuously since June 2002. The current lease expires May 31, 2008. The City ("Lessee") desires to enter into a new lease agreement with South Side Settlement Foundation (Contract Compliance Number 31-4380068), an Ohio non-profit corporation, ("Lessor"), for the continued rental of space, which includes approximately 851 square feet of office space for this community pride center. The following legislation authorizes the Director of the Department of Finance and Management to execute those documents necessary to enter into a one (1) year lease agreement between the aforementioned parties, with the option of four (4) automatic lease renewals at the end of each one year term. Beginning with the first renewal, the annual rent will increase to no more than $9,207 to compensate the Lessor for utility rate increases since the City first occupied the space in 2002.
Fiscal Impact: The necessary amount for this lease was budgeted and appropriated in the Special Income Tax Fund, through Ordinance 0075-2008, passed 2/11/2008.
Emergency Justification: Emergency action is requested to allow for the immediate execution of the subject lease agreement by the City in order to allow the commencement date of this Lease Agreement to coincide with the current expiration date without delay.
Title
To authorize the Director of the Department of Finance and Management to execute those documents necessary to enter into a one (1) year lease agreement by and between the City of Columbus and South Side Settlement Foundation, an Ohio non-profit corporation...
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