Explanation
Background: This legislation authorizes the Director of the Department of Finance and Management, on behalf of the Department of Public Service, to execute those documents necessary to enter into a lease agreement by and between the City and the United States Postal Service (“USPS”) for a portion of Franklin County Tax Parcel 010-017011, comprised of Lots 20, 21, and 22 Ruhwedel’s South Side Addition, containing approximately 13,164 +/- square feet for USPS's continued use as additional parking for its postal facility at 455 E. Innis Avenue.
The City owns land located on the west side of Wager Street between Marion Road and Innis Avenue commonly known as Franklin County Tax Parcel 010-017011. A portion of the parcel comprised of Lots 20, 21, and 22 Ruhwedel’s South Side Addition have been leased by the City since 1994 to USPS as additional parking for its postal facility located at 445 E. Innis Avenue. The current land lease is expiring in the fall and has no renewal terms thus necessitating the need for a new lease agreement. The Real Estate Management Office has negotiated a new lease with a term of five (5) years. The City and USPS will each have the right to terminate the lease by providing sixty (60) days written notice.
Fiscal Impact: No funds are required. The City will receive annual lease income of $8,762.00 that will be deposited in Fund 2265, the Street Construction Maintenance Fund.
Title
To authorize the Director of the Department of Finance and Management to execute those documents necessary to enter into a Lease Agreement for a five (5) year term between the City of Columbus and the United States Postal Service for a portion of City-owned property commonly known as Franklin County Tax Parcel No. 010-017011 and described as Lots 20, 21, and 22 Ruhwedel’s South Side Addition.
Body
WHEREAS, the City is the owner of certain real property located on Wager Street identified as Franklin Tax Parcel No. 010-017011; and
WHEREAS, the City and the USPS desire to enter into a new lease agreement for land, comprised of Lots 20, 21, and 22 Ruhwedel’s South Side Addition, containing approximately 13,164 square feet +/- of land out of that city-owned parcel on Wager Street identified as Franklin County Tax Parcel No. 010-017011; and
WHEREAS, the current land lease between the City and USPS has no renewal terms and is set to expire this fall thus necessitating the need for a new lease; and
WHEREAS, after investigation by the City, it has been determined that the lease shall not adversely affect City operations of the Department of Public Service and with its concurrence; and
WHEREAS, it has become necessary in the usual daily operation of the Department of Finance and Management to authorize the Director to execute, on behalf of the City, those documents necessary to enter into a lease agreement with the USPS for a portion of that City-owned real property commonly known as Franklin County Tax Parcel 010-017011 and described as Lots 20, 21, and 22 of Ruhwedel’s South Side Addition; now, therefore;
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Department of Finance and Management be, and hereby is, authorized to execute those documents, as approved by the Department of Law, Division of Real Estate, necessary to enter into a lease agreement by and between the City of Columbus and the United States Postal Service for the lease of a portion of that City-owned real property commonly known as Franklin County Tax Parcel 010-017011 and described as Lots 20, 21, and 22 of Ruhwedel’s South Side Addition for a term of five years.
Section 2. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.