Title
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; AND TO AUTHORIZE THE MAYOR TO SIGN A GENERAL WARRANTY DEED TO TRANSFER PROPERTY KNOWN AS 1125 GAHANNA PARKWAY (LOTS 7, 8 & 9 OF THE TIZ) TO ALLOY POLYMERS, INC.
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dj/ils
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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 20, 2013 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 20, 2013 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, at that same meeting the Community Urban Redevelopment Corporation authorized in a motion to enter into Second Amendment to Ground Lease by and between Alloy Polymers, Inc.; and
WHEREAS, at that same meeting the Community Urban Redevelopment Corporation recommended to City Council that they transfer the title of certain properties to their respective business tenants, or their successors or assigns;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That this Council authorizes the partial release of a Master Lease Agreement 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 partial 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 partial 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 allow a partial release of the Master Lease and addendums (EXHIBIT A), a partial release of the City leases and addendums (EXHIBIT B), the second amendment to ground lease (EXHIBIT C) and to transfer the property to Alloy Polymers, Inc.; for property known as 1125 Gahanna Parkway; as shown on the map attached hereto as EXHIBIT D and deed attached hereto as EXHIBIT E.
Section 8. That this ordinance shall be in full force and effect upon passage by this Council and 30 days after date of signature approval by the Mayor.