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TO AUTHORIZE THE RELEASE OF A MASTER LEASE AGREEMENT AND A CITY LEASE AGREEMENT BETWEEN THE COMMUNITY URBAN REDEVELOPMENT CORPORATION AND THE CITY OF GAHANNA; FOR PROPERTY KNOWN AS 1120 MORRISON ROAD (LOT 20 OF THE TIZ); TO BE TRANSFERRED TO HOLLINGSWORTH CAPITAL PARTNERS; AND TO DECLARE AN EMERGENCY
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WHEREAS, the City of Gahanna entered into a Master Lease Agreement with the Community Urban Redevelopment Corporation dated June 1, 1984, as well as a supplemental Master Lease dated December 1, 1985, and a second supplemental Master Lease dated November 1, 1996; and
WHEREAS, the City of Gahanna entered into a City Lease Agreement with the Community Urban Redevelopment Corporation dated June 1, 1984, as well as a supplemental City Lease dated December 1, 1985, and a second supplemental City Lease dated November 1, 1996; and
WHEREAS, on June 15, 2010 the Community Urban Redevelopment Corporation held a meeting and authorized in a motion that the Corporation release the Master Lease Agreement, release a supplemental Master Lease dated December 1, 1985; and a second supplemental Master Lease dated November 1, 1996; and
WHEREAS, on June 15, 2010 the Community Urban Redevelopment Corporation held a meeting and authorized in a motion that the Corporation release the City Lease Agreement, release a supplemental City Lease dated December 1, 1985; and a second supplemental City Lease dated November 1, 1996; and
WHEREAS, the Mayor is being authorized to sign any and all documents necessary to transfer said property to Hollingsworth Capital Partners; and
WHEREAS, the lease for this property has already expired so it is incumbent upon the City to transfer the property as quickly as possible, and all for the preservation of the public peace, health, property, safety, and welfare;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That this Council authorizes the release of a Master Lease by and between the City of Gahanna, Ohio and the Community Urban Redevelopment Corporation dated as of June 1, 1984, recorded in Official Record 04417D02, Franklin County Records, Franklin County, Ohio.
Section 2. That this Council authorizes the release of a Supplemental Master Lease by and between the City of Gahanna, Ohio and the Community Urban Redevelopment Corporation dated as of December 1, 1985, recorded in Official Record 06724I17, Franklin County Records, Franklin County, Ohio.
Section 3. That this Council authorizes the release of a Second Supplemental Master Lease by and between the City of Gahanna, Ohio and the Community Urban Redevelopment Corporation dated as of November 1, 1996, recorded in Official Record 33704F01, Franklin County Records, Franklin County, Ohio.
Section 4. That this Council authorizes the release of certain City lease by and between the Community Urban Redevelopment Corporation as Lessor and the City of Gahanna as Lessee dated June 1, 1984, said lease recorded in Official Record 04417D14, Franklin County Records, Franklin County, Ohio.
Section 5. That this Council authorizes the release of certain supplemental City lease by and between the Community Urban Redevelopment Corporation as Lessor and the City of Gahanna as Lessee dated December 1, 1985, said lease recorded in Official Record 06724H11, Franklin County Records, Franklin County, Ohio.
Section 6. That this Council authorizes the release of certain second supplemental City lease by and between the Community Urban Redevelopment Corporation as Lessor and the City of Gahanna as Lessee dated November 1, 1996, said lease recorded in Official Record 33704E11, Franklin County Records, Franklin County, Ohio.
Section 7. That this Council authorizes the Mayor to execute any and all documents necessary to release the Master Lease and addendums, the City leases and addendums, and to transfer the property to Hollingsworth Capital Partners; for property known as 1120 Morrison Road; as shown on the map attached hereto as EXHIBIT A and deed attached hereto as EXHIBIT B.
Section 8. That, for the reasons set forth in the preamble hereinabove, this ordinance is declared emergency legislation and shall be in full force and effect upon passage by this Council and on date of signature approval by the Mayor.