§ 845-35. Transfer Upon Retirement.

In the event of the retirement of a city market tenant, such city market tenant with the approval of the market manager may transfer his or her leasehold interest in such space to his or her spouse or to a direct lineal descendant if the transferee satisfies any requirements prescribed in this chapter for occupants of city market spaces. To accomplish such transfer, the city market tenant shall request permission from the market manager in writing no later than 30 calendar days prior to the proposed transfer. The request shall contain the name, address and relation to city market tenant of the transferee, and the proposed date of transfer. The transferee shall enter into a lease agreement with the city of Cincinnati prior to taking possession of the city market space. The term of the new agreement shall be for the unexpired portion of the rental period, and any rental or portion thereof paid by the transferor-market tenant shall be credited to the rental of the transferee.

Persons to whom city market space is transferred pursuant to this section shall also be transferred any right of renewal, transfer rights and tenure rights belonging to the retired city market tenant at time of retirement.

In the event of the retirement of a person who is a partner in a partnership or a shareholder in a corporation which is a city market tenant, the retiree may, without affecting such business' right to city market tenancy, transfer his or her interest in the business to his or her spouse or to a direct lineal descendant or descendants, or to the remaining partners or shareholders of the business.

(Ord. 289-1994, eff. Aug. 8, 1994)