HomeMy WebLinkAboutResolution 19-12RECORD OF RESOLUTIONS F.n N.. 30045 Resolution No. 19 -12 Passed 20 A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A LEASE AGREEMENT WITH 7001 POST ROAD, LLC FOR THE PURPOSE OF CONTINUING THE DUBLIN ENTREPRENEURIAL CENTER OPERATIONS WHEREAS, Dublin's dynamic local economy is the direct result of an entrepreneurial spirit; and WHEREAS, the City of Dublin recognizes that in addition to its efforts to retain, expand and attract business, the City must also set the conditions for new business development and job creation; and WHEREAS, the City of Dublin must facilitate entrepreneurship and business development in order to increase the level of entrepreneurial activity and improve the chances of establishing successful technology enterprises and expanding businesses by honing skills and providing access to necessary tools, technical and financial resources, and by working proactively to enhance the local entrepreneurial environment; and WHEREAS, the existing Dublin Entrepreneurial Center (DEC) has experienced much success by providing an environment that is attractive to new start-up companies as both a place to physically locate as well as obtain the necessary support services; and WHEREAS, the Dublin Entrepreneurial Center has attracted 62 start-up companies, experienced nearly 3,000 attendees at its 2011 programs, and recruited 60 collaborators; and WHEREAS, space within the Dublin Entrepreneurial Center meets the training needs of its general programming and that of its International Business Assistance Center; and WHEREAS, Battelle's Cluster Development Strategy Two encourages the development of start-up and entrepreneurial businesses; and WHEREAS, renewing the first floor lease in the 7003 Post Road building will greatly contribute towards the continued success of the City's business and job creation efforts. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Dublin, / of its elected members concurring, that: Section 1. The City Manager is hereby authorized to execute a one year lease agreement with Post Road, LLC not to exceed $65,000, as authorized in the 2012 Operating Budget, for the purpose of providing certain space at 7003 Post Road in support of Dublin Entrepreneurial Center and the City's business and job creation efforts. Section 2 . This Resolution shall be effective upon passage in accordance with Section 4.04(a) of the Revised Charter. Passed this q � day of 2012. ,: Officer ATTEST: Clerk of Council Office of the City Manager 520 Emerald Prkway - [ C ' ity of Dublin Phone: 614-410 Fax:b614 --410 -4490 1090 Memo To: Members of Dublin City Council From: Marsha I. Grigsby, City Manager Date: April 5, 2012 Initiated By: Dana L. McDaniel, Deputy City Manager /Director of Economic Development Re: Resolution No. 19 -12 —Lease Agreement for Dublin Entrepreneurial Center Summary The purpose of Resolution 19 -12 is to authorize the City Manager to execute a lease agreement with 7001 Post Road, LLC for the purpose of supporting the Dublin Entrepreneurial Center ("DEC'), located at 7003 Post Road. The proposed lease agreement (attached) will renew the existing lease agreement for the first floor of this facility. The first floor of the 7003 Post Road building is used primarily for the support of the DEC's training programs and Dublin's International Business Assistance Center ( DIBAC). The total cost of this lease for a one -year period will be $65,000. This funding is provided for in the 2012 budget. There is no increase in cost from the previous lease agreement. The lease agreement provides the right for the Lessee and the Lessor to terminate the lease agreement with sixty (60) days written notice. Background The DEC has experienced significant success since it was established in 2009 and has been recognized by the International Economic Development Council. Currently, the DEC has 58 companies. In 2011, 162 programs attracted 3,479 participants, and 2012 is on course to exceed this number. The DEC and its programming has successfully supported companies and has "graduated" companies into other office space within Dublin, thereby creating new jobs and retaining companies in Dublin. The Green Integrator, established in 2010, is now home to 13 green start-up companies. The Dublin International Business Assistance Center ( DIBAC), established in 2011, has hosted 11 targeted events with nearly 500 attendees; attracted a global association called The International Entrepreneur (TIE -Ohio) – the only TIE Ohio Chapter outside of Cleveland; and the Japan America Society of Central Ohio (JASCO) and the US -China Economic Development and Trade Council now have offices at the DIBAC. The DEC has attracted over 72 collaborators and the DIBAC has 31 collaborators. Collaborators provide free training, mentoring and coaching, sponsor luncheons and donate furniture, supplies and services in support of business creation efforts, DEC enhancements and personal development of entrepreneurs. TechColumbus and the Small Business Development Council continue to provide training, mentoring, coaching and access -to- capital services. Recommendation Staff recommends City Council passage of Resolution No. 19 -12. Passing this Resolution supports Council's goals relative to creating new businesses and jobs. Please contact Dana McDaniel with any questions you may have. AGREEMEN7 07 LEASE 7HA7 7001 Post Road LLC (Lessor°) HEREBY LEASE 70 The Cit of Dublin Ohio (Lessee 7he pirem'ses commonR irefenred to zsOO See Exhibit "A" RjremE'ses 7oir the teirm of: One Year — 5/01/2012 — 04/30/2013 f Com mendn December 115 20 11 At the MontM RentO of: Five Thousand Four Hundred Sixteen 00/100 �$5!)416.00) A. Use zRd Oqqq Said Premises are to be used and occupied for GeneTz� Offace purposes. Lessee a to pa said rent in the manner aforesaid to use and occup said Premises in a safe and careful manner and not to commit or suffer waste therein not to use said Premises for an unlawful purpose to make no alterations without written consent of Lessor upon termination of this lease wear and unavoidable casualties excepted to save Lessor h=less b reason of loss or dama to propert and/or personal in to an persons in or about said premises occasioned b ne of the Lessee and to maintain insurance policies in t and amounts satisfactor to Lessor to accomplish such purpose to assume sole responsibilit for all propert of the Lessee used, stored or maintained upon the Premises. 3. 1pelrsonzR Rralpeir 0 That all personal propert placed. In the rented Premises shall be at the risk of the persons ownin same, and in no event shall the Lessor be liable for the loss b fire or otherwise to such propert of the Lessee. C" OjqejrztR'nR Ey It is further a that the responsibilit for utilities, maintenance and operatin expenses of the real estate shall be as follows: Interior Maintenance Lessor Exterior & Common Area aintenance Lessor Interior Cleanin Lessor Electric Lessor Sewer & Water Lessor Grounds & Paz-kin Lessor Gas Lessor Contents Insurance Lessee Buildin Insurance Lessor Liabilit Insurance Lessor & Lessee Lessee shall be responsible for an repairs and maintenance related to L'112.lssee's use of the premises. D. Defzuk h Lessee-0 ' It is mutuall a that if said rent or an part thereof be not paid for five (5) da aft becomin due and without demand therefore, or if said Lessee shall fail to keep an of the other covenants of this lease, or abandon or vacate the premises, or if proceedin in bankruptc shall be instituted b ol. a Lessee, or a receiver or trustee be appointed for his propert it shall be lawful for Lessor to re-enter said Premises, repossess the same as in its first estate and thereupon this lease shall cease and be void all without prejudice to Lessor's reint-ldies at lwv. ,fH2406983.1 ) Lessee a that if, f ®r an reason whatsoever, the rent is not delivered t® the ILess ®r b 5:00 PM on the FIFTH DAY ®f each moni-1h, than the Lessee shall pa the Lessor, in addition t® the scheduled monthl rental amount, a "Late Char in the amount ®f 5% (five percent) ®f the rental amount due. Lessee further a that i-,F,, f ®r an reason whatsoever, an ®f the monthl rental checks of the Lessee d® not clear the Lessee's bank that the rental check will be re-drawn s® as to include in addition t® said late char amount, a penalt ®f $50.00 (fift dol-lars). o A c cess b Lessoi,--o That the Less ®r has the ri g ht ®f free access t® inspeo-A, repair, alter ®r to exhibit r sale or rental an part ®f the premises. lea 7eirnU'nzU'on 0,Tuse-. Durin the term ®f this Lease, Nvith sixt (60) d y s written notice, Lessee and Lessor shal'.1 have the ri t® terminate this a and Lessee a t® vacate the premises ®n ®r before the sixtieth (6011) da o SeCUT 1De jP G3R"t.-, One Thousand Seven Hundred Eiizht 00/100 ($1,780.00), said sum bein securit for, the full and faithful performance ®f the duties and obli imposed up ®n the Lessee b the terms and provisions of this lease. In the event of a default b Lessee in such performance, (Less ®r ma appl such portions of such deposit as are necessar in order t® compensate Less ®r f ®r an dama sustained b 1Less ®r b reason of an such default. It is understood b the parties that said sum shall not be credited a g ainst an rent due b Lessee t® Lessor. If, upon -,,-he termination of this Lease, the leased Premises is not in g ood order ®r repair, reasonable wear and tea-7 excepted, Less ®r ma appl said securit deposit of Lessee a the Lessor's cost of repairin the Premises f ®r use b a successor Lessee, and in the event said selzurit deposit is insuffieient t® cover said costs ®f repair, then t1rie Lessee a t® pa the balance thereof within thirt ( 30 ) da after bein so notified b y Less ®r in writin This sum alread paid b the Less ®r t® the Lessee for its eurrent/previous lear--,,e will serve t® satisf the Securit Deposit re set forth herein. ACKNOWLIEDGIRD & AGRIE'ZID This a shall be in full force and effect on this da of April, 2012. LESSOR: 7001 Post Road LLC LESSEE: Cit of Dublin Ohio B B Ets: Its: Notice Address: Colliers International ATTN: 8800 L Drive, Suite 150 ((,'.ol=bus, Ohio 4324® Notice Addrelss: Cit of Dublin Ohio 5200 Emerald Parkwa Dublin, Ohio 43017 fH2406983.1 k ExNN't ° °AJ° 7001 Post Rd., LLC /The Cit of DubDh Suite 100 7003 Post rd.