City Approves 10-Year Lease to Community Improvement Corporation
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Description
The City of Pickerington approved a Master Lease Agreement with the Pickerington Community Improvement Corporation for the property at 51 E. Columbus Street. The lease is set for ten years at a nominal rent and includes a five-year renewal option. The corporation will manage and operate the site per the lease terms.
Contract Details
Contract Amount
$1.00 base rent plus all costs and expenses
Vendor
PICKERINGTON COMMUNITY IMPROVEMENT CORPORATION
Agency
City of Pickerington city, OH
Contract Type
OTHER
Document Date
June 2, 2026
Contract Term
Initial term of 10 years from May 22, 2026, with one 5-year renewal option
Renewal Date
2041-05-21
Renewal Info
One five-year renewal option available if exercised in writing 180 days before expiration of the initial term. Renewal subject to all lease terms and conditions.
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