Label
Lease Copeland Park - Columbia Gas
Department of Economic and Business Development
C. Watkins (x1154)
(Revised)
Title
Authorizing the Mayor to execute a lease amendment with Columbia Gas of Ohio, Inc. for certain land owned by the City of Toledo and located within Copland Park; making certain findings with respect thereto; waiving the notice and bidding provisions of T.M.C. 187.19; authorizing the deposit of lease proceeds; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
Columbia Gas of Ohio, pursuant to Ordinance No. 100-80, entered into a 20 year Lease and Right-of-Way Agreement on July 12, 1980 with the City of Toledo for installation and operation of a gas regulator site on City owned land located within Copland Park. Said Ordinance also granted a permanent easement for access to the Columbia Gas regulator site to be located on said city property. Ordinance 842-02 authorized a new lease effective July 12, 2000, expiring in July, 2010 (Exhibit A). Columbia Gas has requested a lease amendment extending the term. This request for lease amendment has been reviewed and approved by the Division of Parks, Recreation and Forestry and it's been determined to be in the best interest of the City of Toledo to formalize the continued operation of this gas regulator site by entering into a lease amendment. A mutually acceptable price of $700.00 per year has been agreed to by both parties retroactive to July 13, 2010. The amended lease agreement will be through July, 2025. This legislation seeks to gain City Council approval for entering into this lease of City owned land allowing Columbia Gas to continue to operate said gas regulator on property located within Copland Park.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to execute an amendment to the lease agreement authorized by Ordinance 842-02 on behalf of the City of Toledo with Columbia Gas of Ohio, Inc. for the fo...
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