Explanation
1. BACKGROUND
The Franklin County Convention Facilities Authority (“CFA”) has requested that the City lease to it a 0.220 acre tract of real property within public right-of-way (“Leased Area”) and located under the bridge just north of the intersection of North High Street and Columbus Convention Center Drive, for the purpose of a future CFA parking lot, which will include the right of the CFA to construct and maintain certain improvements, so long as the Leased Area is used for the purposes as set forth in the Lease Agreement.
Accordingly, this legislation authorizes the director of the Department of Public Service to execute those document(s), as approved by the City Attorney, as necessary for the City to enter into a Lease Agreement with the CFA.
2. FISCAL IMPACT: None. The City is not expending funds.
Title
To authorize the Director of the Department of Public Service to execute documents, approved by the City Attorney, for the City to lease to the Franklin County Convention Facilities Authority a tract of real property located within the public right-of-way. ($0.00)
Body
WHEREAS, the Franklin County Convention Facilities Authority (the "CFA"), a body corporate and politic created pursuant to Section 351.02 of the Ohio Revised Code, has requested that the City enter into a Lease Agreement, thereby allowing the CFA to construct and maintain certain improvements within the public right-of-way located under the bridge just north of the intersection of North High Street and Columbus Convention Center Drive; and
WHEREAS, it is in the City’s best interest to authorize the director of the Department of Public Service to execute a Lease Agreement with the CFA, thereby allowing the CFA to construct and maintain certain improvements within the public right-of-way; and
WHEREAS, the City Attorney shall approve all documents associated with a legislation; and
WHEREAS, it has become necessary in the usual daily operation of the Departmnet o...
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