Explanation
The City owns that real property located at 3909 N. High Street, Columbus, Ohio 43214, commonly known as the Whetstone Branch of the Columbus Metropolitan Library. The City and Columbus Metropolitan Library ("CML") previously entered into a Ground Lease Agreement dated December 16, 1983 ("Lease Agreement") to lease portions of the property from the City. The City and CML now desire to amend certain sections of the Lease Agreement to delineate both parties' rights and responsibilities concerning the replacement of the Whetstone Park of Roses sign with the design, construction, installation, maintenance, and finance of a new exterior, multi-content LED advertisement sign to be installed at the property's northwest corner of the intersection of High Street and Hollenback Road. This legislation will authorize the Director of Recreation and Parks to execute a "First Amendment to Ground Lease Dated December 16, 1983" by and between the City, which is acting by and through its Department of Recreation and Parks, and the Columbus Metropolitan Library.
Fiscal Impact: N/A
Emergency action is requested so that the current agreements can be put under a lease for legal and liability purposes.
Title
To authorize the Director of Recreation and Parks to execute a "First Amendment to Ground Lease Dated December 16, 1983" by and between the City and the Columbus Metropolitan Library; to amend certain sections of the original Ground Lease in order to delineate both parties' rights and responsibilities concerning the replacement of the Whetstone Park of Roses sign to be installed at the property's northwest corner of the intersection of High Street and Hollenback Road; and to declare an emergency.
Body
WHEREAS, the City owns that real property located at 3909 N. High Street, Columbus, Ohio 43214, commonly known as the Whetstone Branch of the Columbus Metropolitan Library; and
WHEREAS, the City and Columbus Metropolitan Library ("CML") previously entere...
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