File #: 28-2026    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 1/9/2026 In control: City Council
On agenda: 2/9/2026 Final action: 2/9/2026
Passage/adoption date: 2/9/2026
Effective date: 2/18/2026    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Development to enter into an Option to Lease Agreement, for a period of up to one year, with Pennrose Holdings, LLC or its designee, for city-owned property located at 4242 Lorain Avenue for future redevelopment.
Sponsors: Austin Davis, Jasmin Santana, Blaine A. Griffin, By Departmental Request
Indexes: DEPARTMENT OF DEVELOPMENT , LEASE AGREEMENT, WARD 07
Attachments: 1. 28-2026 Option to lease to Pennrose for 4242 Lorain ave, 2. 28-2026 Legislative Summary, 3. 28-2026 PRESENTATION, 4. 28-2026 Ordinance FINAL

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Development to enter into an Option to Lease Agreement, for a period of up to one year, with Pennrose Holdings, LLC or its designee, for city-owned property located at 4242 Lorain Avenue for future redevelopment.