...Explanation
BACKGROUND:
The City of Columbus (“City”) along with Franklin County (“County”) are the owners of certain real property that is collectively known as the Columbus Zoo and Aquarium. The City and County lease the property to the Columbus Zoological Park Association (“Zoo”). The Zoo and the Ohio Facilities Construction Commission (“OFCC”) wish to provide for the renovation of the North American exhibit (“Exhibit”). The Exhibit is located on Zoo property which is solely owned by the City. The OFCC will give a $1,000,000.00 State Government grant to the zoo for the Exhibit provided the City enters into a Non-Disturbance and Estoppel Agreement by and between the OFCC, the Zoo, and the City. The agreement proposes to establish certain rights, safeguards, obligations and priorities with respect to all parties’ respective interests. The following legislation authorizes the Director of the Department of Recreation and Parks to execute the Non-Disturbance and Estoppel Agreement on behalf of the City.
CONTRACT COMPLIANCE:
Not applicable.
FISCAL IMPACT:
Not applicable
EMERGENCY JUSTIFICATION:
Emergency action is requested in order to allow for the immediate execution of the Non-Disclosure and Estoppel Agreement, as to not delay the resulting improvement to the City’s Zoo Property.
...Title
To authorize the Director of the Department of Recreation and Parks to execute a Non-Disclosure and Estoppel Agreement by and between the OFCC, the Zoo, and the City to allow the Columbus Zoo and Aquarium to receive a $1,000,000.00 State Government grant from the Ohio Facilities Construction Commission to support the renovation of the North American exhibit; and to declare an emergency.
Body
WHEREAS, the City of Columbus and Franklin County are the owners of certain real property that collectively is known as the Columbus Zoo and Aquarium; and
WHEREAS, the City and County lease the property to the Columbus Zoological Park Association; and
WHEREAS,...
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