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 interest of the City to enter into a new lease; 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 after investigation have determined that it is in the best interest of the City to enter into a new lease with KA Restaurant Concepts for its continued operation of the Milestone 229 Restaurant; and
WHEREAS, it is necessary 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 operation of the Milestone 229 Restaurant; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to enter into this leae agreement by Fall 2019, thereby preserving the public health, safety and welfare; 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, on the behalf of the Department of Recreation and Parks, be and is hereby authorized to execute those documents, with terms and conditions in a form approved by the Department of Law, Real Estate Division, by and between the City of Columbus and KA Restaurant Concepts, LLC for the operation of an approximately 3,200 s.f. restaurant located at 229 Civic Center Drive and commonly known as Milestone 229.
SECTION 2. That rent proceeds from the lease shall be deposited in Fund 2294, sub-fund 229403, “Scioto Mile Restaurant”.
SECTION 3. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or 10 days after passage if the Mayor neither approves nor vetoes the same.