Explanation
Background: The City is the owner of certain improved property and office building located at 1111 East Broad Street, Columbus, Ohio 43205. This legislation authorizes the Director of Finance and Management to enter into a License Agreement with the Columbus Recreation and Parks Foundation to lease office space at 1111 East Broad Street for a three -year term beginning on January 1, 2020.
Fiscal Impact: The City will receive annual income in the amount of $2,304.00 that shall be deposited in Fund 2294, Sub-fund 001 that supports the operation of the Jerry Hammond Center.
Title
To authorize the Director of Finance and Management to execute a License Agreement with Columbus Recreation and Parks Foundation for lease of office space at 1111 East Broad Street.
Body
WHEREAS, the City is the owner of certain improved property and office building located at 1111 East Broad Street, Columbus, Ohio 43205; and
WHEREAS, the Department of Finance and Management, through its Real Estate Management Office, leases office space at the city-owned property located at 1111 East Broad Street; and
WHEREAS, the City desires to enter into a license agreement with Columbus Recreation and Parks Foundation, an Ohio non-profit corporation, for the lease of office space at 1111 East Broad Street; and
WHEREAS, it is necessary to authorize the Director of the Department of Finance and Management to enter into a the License Agreement with Columbus Recreation and Parks Foundation, for the preservation of the public health, peace, property, 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 City, 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 License Agreement by and between the City and Columbus Recreation and Parks Foundation for ...
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