The Star Beacon; Ashtabula, Ohio

Local News

February 1, 2013

Geneva BOE agrees to sale, lease of land as city finalizes contracts

GENEVA —  The Geneva Board of Education will not pay rent to the city of Geneva for the school administration building on South Eagle Street until at least 2018, the recently released sale and lease documents reveal.

The city exercised the option to purchase the house-turned-office building at 135 S. Eagle Street, a provision written into the sale of the adjacent former Geneva Elementary property, which the city bought and intends to lease to the proposed wine and culinary business incubator called The Pairings Wine and Culinary Experience, City Manager Jim Pearson said.

The city will purchase the smaller building and barn for an agreed sum of $103,000, made payable in five installments of $20,600 over five years with zero interest, sale documents show.

The board will lease back the property without rent until an undetermined time in 2018, the lease agreement shows, but will pay rent if the lease is extended beyond the initial contract. The lease agreement, which can be renewed for an additional five years for $15,000 per year, is a condition of the sale.

The district will maintain the interior, exterior and grounds of the building during the five-year lease and will pay all utilities.

A small barn on the property is of particular interest to the city as the Pairings committee would like to use it for a start-up project called “Windows on Pairings,” Assistant City Manager Jennifer Brown said.

Brown is the principal fundraiser and grant writer for the Pairings project.

“The idea is to repurpose the quaint, pastoral barn located on the back of the property,” Brown said. “The location is ideal to observe the construction of Pairings.”

Pearson said the property will eventually be a money maker for the city.

“The next step is to draft the lease from the city to Pairings,” he said. “Long term, the city will recoup the money we spent. The truth is this is a valuable piece of property for the city because we have a tenant ready and waiting to rent to.”

Text Only
Local News
Ashtabula County Alive
July 4 Celebrations 2014
Summer off to Big Start
Ashtabula County Flag Day 2014
Northeast Ohio Soap Box Derby 2014
Tour de State Line and Boating Season
Ashtabula County Memorial Day 2014
Sam Magill Sr. Memorial
Armed Forces Echo Taps 2014
Lakeside Loop Color Run
Keeping Ashtabula County Clean and Healthy
Canoe Race and Ashtabula Easter Events
The Taping of the Teacher: A sticky Sitation
18th Annual Polar Bear Plunge at Geneva State Park
House Ads
AP Video
NDN Video
Bill Murray Continues To Be Just Bill Murray By Eating Some Free Bill Murray Ice Cream Deja vu: Another NYPD officer choke-holding a suspect Hillary Clinton Blamed Bill's Affair With Monica Lewinsky On Abuse He Suffered As A Child 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Chapter Two: Becoming a first-time director Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot Samsung Pre-Trolls The IPhone 6 With New Ad Jimmy Kimmel Introduces His Baby Girl