Label
The Coalition for Quality Education Center Lease
Dept. of Law
J.Bibish x1113
Title
Authorizing the Mayor to enter into a three (3) year Lease, with three (3) optional three (3) year renewal periods as well as other provisions, between the City of Toledo and The Coalition for Quality Education Center. ("Center") located at 3015 Lagrange Street Toledo, Ohio 43608; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This legislation authorizes the Mayor to enter into a new lease for an initial term of 3 years with three renewals of 3 years each at an annual rent of $500. Operating expenses, including maintenance, taxes and insurance are to be paid by Center, except that any maintenance expense greater than $1,000 will be paid by City. All utilities, except telecommunications (i.e. internet, phone, cable, etc.) will be paid by City. No assignments or sublease rentals will be permitted without the prior written consent of City.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor and the Real Estate Division of the Department of Economic Development be and they are hereby authorized and directed to execute the Lease Agreement between the City of Toledo and The Coalition for Quality Education for a term of three (3) years and an additional three (3) renewal terms of three (3) years.
SECTION 2. That the Lease shall contain an annual rent of $500 excluding operating expenses for any insurance premiums, maintenance expenses, and utilities as required by the Lease.
SECTION 3. That the Lease "Premises" include approximately 2,600 square feet of indoor office space with a separate entrance and non-exclusive use of common area parking.
SECTION 4. That the Lease shall contain other terms and conditions deemed necessary and proper by the Mayor, the Department of Law and the Department of Finance and Business Development.
SECTION 5. That the Lease P...
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