Label
DED-Fred Douglass Center Lease2022
Development / Real Estate
R. Clemens (x3647), B. Sehlhorst (x1692), C. Watkins (x1154)
Title
Authorizing the mayor to enter into a three (3) year lease agreement ("Lease"), with an option for an additional five (5) year renewal period as well as other provisions between the City of Toledo ("City") and Frederick Douglass Community Association, ("Center") located at 1001 Indiana Avenue, Toledo, Ohio 43607; accepting and depositing rent proceeds into the General Fund; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This legislation authorizes the mayor to enter into a Lease with the Center upon certain covenants and conditions, including but not limited to: an initial term of three (3) years with a renewal option of five (5) years at an annual rent of $500; Center shall pay operating expenses, including taxes as applicable and liability, building and worker's compensation insurance; City shall pay any maintenance expense greater than $500 per occurrence for year 1 of Lease and $1,000 per occurrence for year 2 and year 3 of Lease. City shall pay all utilities, except telecommunications (i.e. broadband internet, phones, cable). No assignments or subleases of premises are permitted without the prior written consent of the City. Finally, Center must follow the preventative maintenance rules adopted in conjunction with Lease in order to preserve the longevity of the facility.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to execute the Lease between the City of Toledo and Center for an initial term of three (3) years with an option for renewal of five (5) years prior to the expiration of the initial term. The Lease shall contain such covenants and conditions deemed necessary and proper by the Mayor, the Director of Housing and Community Development, the Director of Economic Development and the Director of Law.
SE...
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