Label
Lease Sleepy Hollow - Columbia Gas
Department of Economic and Business Development
C. Watkins (x1154)
Revised
Title
Authorizing the Mayor to execute a Lease Renewal Agreement with Columbia Gas of Ohio, Inc. for certain land owned by the City of Toledo and located within Sleepy Hollow 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 and the City of Toledo originally entered into a 20 year Lease and Right-of-Way Agreement on December 1, 1979 for installation and operation of a gas regulator site on City-owned land located within Sleepy Hollow Park. Said Ordinance also granted a permanent easement for access to the Columbia Gas regulator site to be located on said city property. A new lease agreement under Ordinance 172-00 (Exhibit A) was executed on September 27, 2002 with a term commencing on December 1, 1999 and expiring on November 30, 2009. Columbia Gas has requested a lease renewal. This request for lease renewal 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 new lease agreement. A mutually acceptable price of $700.00 per year has been agreed to by both parties retroactive to December 1, 2009. The amended lease agreement will be through November, 2024. 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 Sleepy Hollow Park.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to execute a lease agreement on behalf of the City of Toledo with Columbia Gas of Ohio, Inc....
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