Explanation
Background: This legislation authorizes the Director of Finance and Management, on behalf of the Department of Recreation and Parks, to enter into a lease agreement by and between the City of Columbus and KA Restaurant Concepts, LLC for the operation of an approximately 3,200 s.f. restaurant, known as Milestone 229, located at 229 Civic Center Drive in Bicentennial Park that was developed as part of the Scioto Mile. The original lease as authorized by Ordinance 1711-2010 has expired thus necessitating the need for a new lease agreement.
Fiscal Impact: No funds are required. It is estimated that the new lease agreement will generate approximately $150,000.00 in annual revenue that shall be deposited in Fund 2294, sub-fund 229403, “Scioto Mile Restaurant”.
Emergency Justification: An emergency is being requested in order to have the lease agreement completed by Fall 2019.
Title
To authorize the Director of Finance and Management, on behalf of the Department of Recreation and Parks, to enter into a lease agreement by and between the City of Columbus and KA Restaurant Concepts, LLC for the continued operation of a restaurant within Bicentennial Park; and to declare an emergency.
Body
WHEREAS, the City of Columbus owns certain real property identified as Franklin County Tax Parcel 010-00036 located at 233 Civic Center Drive, Columbus, Ohio 43215 and commonly known as Bicentennial Park, a part of the Scioto Mile; and
WHEREAS, the development of the Scioto Mile included the construction of a restaurant at 229 Civic Center Drive as an amenity to the Scioto Mile and Bicentennial Park, and
WHEREAS, pursuant to Ordinance 1711-2010 the restaurant was leased to KA Restaurant Concepts LLC; and
WHEREAS, the original lease with KA Restaurant Concepts, LLC has expired thus necessitating the need for a new lease agreement; and
WHEREAS, the Departments of Finance and Management and Recreation and Parks have determined that it is in the best interes...
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