Explanation
Background: The City currently leases approximately 1,614 square feet of office space at 1186 W. Broad Street for the Department of Neighborhoods, Franklinton Pride Center. The present Lease is in its final renewal term which expires on March 31, 2021. The Department of Neighborhoods wishes to continue to provide services to clients from this location thus necessitating the need for a First Amendment to the Lease to provide for additional renewal periods. This ordinance authorizes the Director of Finance and Management to enter into a First Lease Amedment with Integrated-Fairfield Holdings, LLC, as Landlord, to provide for four (4) additional consecutive, automatic one-year renewal terms, the first renewal term commencing on April 1, 2021, and authorizes the appropriation and expenditure of $15,333.00 from the Special Income Tax Fund for payment of rent for the first renewal term
Fiscal Impact: Funds have been budgeted and are available within the 2021 Special Income Tax Fund for payment of $15,333.00 in rent for the initial 2021-2022 renewal term of the lease.
Emergency Justification: Emergency action is requested to allow for city operations to continue uninterrupted to deliver services to the neighborhood and to allow for the timely payment of rent associated with the 2021-2022 lease term.
Title
To authorize the Director of Finance and Management to enter into a First Lease Amendment with Integrated-Fairfield Holdings LLC for office space located at 1186 West Broad Street and authorizes the appropriation and expenditure of $15,333.00 from the Special Income Tax Fund; and to declare an emergency.
Body
WHEREAS, the Department of Finance and Management, through its Real Estate Management Office, leases office space on behalf of the Department of Neighborhoods located at 1186 W. Broad Street for offices of the Franklinton Pride Center; and
WHEREAS, the current lease for office space is in its final renewal term and the Department of N...
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