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 the...
Click here for full text