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; TO ADOPT AND THEN RELEASE A FIRST AMENDMENT TO THE GROUND LEASE; AND TO AUTHORIZE THE MAYOR TO SIGN A GENERAL WARRANTY DEED TO TRANSFER PROPERTY KNOWN AS 1181 CLAYCRAFT ROAD (LOT 30 OF THE TIZ) TO WOOD WERKS SUPPLY, LLC.
Version
dj/ils
Body
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, the City entered into a first amendment to Ground Lease with the consent of the Community Urban Redevelopment Corporation and Bank One Trust Company which was recorded in the office of the Franklin County Recorder on August 7, 2002; and
WHEREAS, on June 6, 2012 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 6, 2012 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 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 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 hereby retroactively acknowledges and approves the First Amendment to Ground Lease, recorded on August 7, 2002, said amendment attached hereto as EXHIBIT B; and
Section 8. That this Council authorizes the release of the First Amendment to Ground Lease, said amendment recorded in Official Record 200208070194201, Franklin County Records, Franklin County, Ohio; and
Section 9. 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 further execute a deed to Wood Werks Supply, LLC for property known as 1181 Claycraft Road (Lot 30 - The Industrial Zone), as well as any and all other documents necessary to transfer marketable title; said deed attached hereto as EXHIBIT A.
Section 10. That this ordinance shall be in full force and effect after passage by this Council and 30 days after date of signature approval by the Mayor.