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City of Pickerington Agenda Packet 2026-06-02

City Approves 10-Year Lease to Community Improvement Corporation

$1.00 base rent plus all costs and expensesCity of Pickerington cityPICKERINGTON COMMUNITY IMPROVEMENT CORPORATIONJune 2, 2026

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Derivita logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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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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