Explanation
Background: The Columbus Metropolitan Library’s (CML) renovation of its Main Library, located at 96 South Grant Street, necessitated the temporary relocation of its administrative offices during construction. To meet CML’s need for temporary administrative office space, the City and CML entered into a short-term Lease Agreement, dated December 24, 2014, for office space located on the second floor at 1111 E. Broad Street, the Jerry Hammond Center. It was estimated that the construction would require temporary relocation of administrative staff for a period of twenty (20) months. The renovation of the Main Library is ahead of schedule and will be ready for occupancy earlier than originally anticipated. CML has requested early termination of its Lease which terminates on August 31, 2016. The City’s best interests are served by supporting CML and granting its request for early termination of the Lease. This legislation authorizes the Director of the Department of Finance and Management to enter into a lease termination agreement with the Columbus Metropolitan Library to terminate the Lease effective June 30, 2016.
Fiscal Impact: The City will not receive rental funds as planned for July and August ($21,916.68) that support the operation of the Jerry Hammond Center.
Emergency action is requested to allow the Columbus Metropolitan Library sufficient time to make all arrangements necessary to move its personal property and data services in a timely manner to meet the June 30, 2016 lease termination date.
Title
To authorize the Director of the Department of Finance and Management to execute those documents necessary to enter into a lease termination agreement with the Columbus Metropolitan Library and to declare an emergency.
Body
WHEREAS, the City owns that real property located at 1111 E. Broad Street; and
WHEREAS, the City and Columbus Metropolitan Library (CML) entered into that certain Lease Agreement dated December 24, 2014 to provide for...
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