Explanation
Background: Since October 1, 2014, on behalf of Columbus Public Health, the City has leased approximately 3,145 square feet of medical office space located at 3933 Livingston Avenue to house a Women, Infants and Children (WIC) clinic. The current Lease Agreement (“Lease”), effective August 1, 2019 and authorized by City Council Ordinance 1717-2019, is by and between PLM Company, LLC as the Landlord and the City as the Tenant. PLM Company, LLC sold the 3933 Livingston Avenue property and the City’s leasehold interest in to ASMRE Holdings, LLC.
In order to memorialize the change in Landlord in the Lease Agreement, the City and ASMRE Holdings, LLC, as successor in interest to PLM Company, LLC, desire to enter into a Second Amendment to Lease Agreement to assign the Lease Agreement to ASMRE Holdings, LLC as Landlord and to change the Rent Payment Address and the Notice provisions to reflect the change in Landlord.
This legislation authorizes the Director of Finance and Management to execute those documents necessary to enter into a Second Amendment to Lease Agreement with ASMRE Holdings, LLC of that certain Lease Agreement, effective October 1, 2019, to recognize ASMRE Holdings, LLC as successor in interest to PLM Company, LLC as Landlord and to revise the Rent Payment Address and the Notice provision of the Lease to indicate the correct address for the new Landlord and authorizes the City Auditor to assign funds authorized by Ordinance 2121-2021 on Certificate ACPO006987 for payment of rent from PLM Company, LLC to ASMRE Holdings, LLC as Landlord. All other terms, conditions, and provisions of the Lease will remain unchanged and in full force and effect. This legislation is presented as emergency measure.
Fiscal Impact: $0.00
Emergency Action: This legislation is presented as an emergency measure to allow for payment of the September and October monthly rent to the new ownership entity at the earliest possible date to comply with the ter...
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