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; FOR PROPERTY KNOWN AS 1120 MORRISON ROAD (LOT 20 OF THE TIZ); TO BE TRANSFERRED TO HOLLINGSWORTH CAPITAL PARTNERS; AND TO DECLARE AN EMERGENCY
Version
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, 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 Mast...
Click here for full text