Label
DPS/DEV Lease Renewal-Toledo Sailing Club-Parking
Parks, Recreation and Forestry/Development /Real Estate
Karen Ranney Wolkins (x2326)/Paul M. Rasmusson (x7868)
Carmen Watkins (x1154)/Brandon Sehlhorst (x1692)
Revised
Title
Authorizing the Mayor to execute a lease renewal with Toledo Sailing Club for their continued use of certain property within the Parking Lot across from the Toledo Zoo, located at 2683 Broadway, Toledo, Ohio, for vehicular parking spaces and for off-season boat dock storage; authorizing the receipt and deposit of annual lease proceeds; making certain findings and waivers with respect thereto; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The Toledo Sailing Club's lease with the city expired in July 16, 2019, and the Toledo Sailing Club has requested a lease renewal with the City of Toledo for the use of approximately 3,000 sq. feet of parking area, located at 2683 Broadway. The designated parking area consists of 15 spaces for club member vehicular parking or off-season storage of member's boat docks, or member trailer parking for the access to the public boat launch on the Maumee River. The rent renews at $1,250 per year and the term expires July, 2024 with a renewal term of five (5) years. All prior terms and condition of the 2019 lease remain in effect, including the Toledo Zoological Society operation and maintenance of this designated parking area.
The fiscal impact of this Ordinance is as follows:
- The amount of funds requested: N/A
- The expenditure budget line item: N/A
- New annual revenue generated (operational revenue, grants, if any): $1,250
- Revenue budget line item (if any): 2007-60300-772X001STDSTD
- Are funds budgeted in the current fiscal year (yes/no)?: N/A
- Is this a capital project (yes/no)? N/A
- If yes, is it new or existing (new/existing)? N/A
- What section of the City's Strategic Plan does this support:
o Excellence in Basic Services (yes/no) yes
o Quality Community Investment (Liva...
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