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HomeMy WebLinkAboutAgenda Item Cover Page` AGENDA ITEM COVER PAGE * °°°°° ...... ' File ID: #11789 O H x Resolution Sponsored by: Commissioner Christine King A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A LEASE AGREEMENT ("LEASE") BETWEEN THE CITY OF MIAMI ("CITY") AND MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION, A FLORIDA NOT FOR PROFIT CORPORATION ("LESSOR"), FOR THE CITY'S USE OF APPROXIMATELY ONE THOUSAND, FIVE HUNDRED (1,500) SQUARE FEET OF OFFICE SPACE ("PREMISES") FOR AN INITIAL PERIOD OF FOUR (4) YEARS WITH ONE (1) FOUR (4) YEAR OPTION TO RENEW, PLUS A MONTH TO MONTH CARRY OVER PROVISION, FOR THE PURPOSE OF PROVIDING SPACE FOR A DISTRICT OFFICE FOR CITY COMMISSION DISTRICT 5 WITH A MONTHLY RENT OF TWO THOUSAND, FIVE HUNDRED DOLLARS ($2,500.00) ($20.00 PER SQUARE FOOT), WITH AN OPTION FOR THE LESSOR TO INCREASE THE INITIAL RENTAL RATE A MAXIMUM OF THREE PERCENT (3%) ANNUALLY DURING THE TERM OF THE LEASE, WITH ADDITIONAL TERMS AND CONDITIONS INCLUDED IN THE LESSOR'S LETTER OF INTENT TO BE NEGOTIATED, ATTACHED AND INCORPORATED AS EXHIBIT "A;" FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER NECESSARY AGREEMENTS, DOCUMENTS, MODIFICATIONS, AND AMENDMENTS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE; ALLOCATING FUNDS FROM THE DISTRICT 5 COMMISSIONER'S BUDGET WITH TERMS AND CONDITIONS TO BE MORE SPECIFICALLY SET FORTH IN SAID LEASE. City of Miami City Hall issru �rrru 3500 Pan American Drive rr " Legislation Miami, FL 33133 r p° g r www.miamigov.com Resolution Enactment Number: R-22-0176 File Number: 11789 Final Action Date:5/12/2022 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A LEASE AGREEMENT ("LEASE") BETWEEN THE CITY OF MIAMI ("CITY") AND MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION, A FLORIDA NOT FOR PROFIT CORPORATION ("LESSOR"), FOR THE CITY'S USE OF APPROXIMATELY ONE THOUSAND, FIVE HUNDRED (1,500) SQUARE FEET OF OFFICE SPACE ("PREMISES") FOR AN INITIAL PERIOD OF FOUR (4) YEARS WITH ONE (1) FOUR (4) YEAR OPTION TO RENEW, PLUS A MONTH TO MONTH CARRY OVER PROVISION, FOR THE PURPOSE OF PROVIDING SPACE FOR A DISTRICT OFFICE FOR CITY COMMISSION DISTRICT 5 WITH A MONTHLY RENT OF TWO THOUSAND, FIVE HUNDRED DOLLARS ($2,500.00) ($20.00 PER SQUARE FOOT), WITH AN OPTION FOR THE LESSOR TO INCREASE THE INITIAL RENTAL RATE A MAXIMUM OF THREE PERCENT (3%) ANNUALLY DURING THE TERM OF THE LEASE, WITH ADDITIONAL TERMS AND CONDITIONS INCLUDED IN THE LESSOR'S LETTER OF INTENT TO BE NEGOTIATED, ATTACHED AND INCORPORATED AS EXHIBIT "A;" FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER NECESSARY AGREEMENTS, DOCUMENTS, MODIFICATIONS, AND AMENDMENTS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE; ALLOCATING FUNDS FROM THE DISTRICT 5 COMMISSIONER'S BUDGET WITH TERMS AND CONDITIONS TO BE MORE SPECIFICALLY SET FORTH IN SAID LEASE. WHEREAS, pursuant to Resolution No. R-22-0079 adopted on February 24, 2022, the City Commission provided funding, inter alia, to the District 5 Commission Office for the establishment of District Offices; and WHEREAS, District Offices will provide constituent services to City residents closer to their neighborhoods and homes; and WHEREAS, the City wishes to secure office space to establish a district office in City Commission District 5 ("District 5"); and WHEREAS, Martin Luther King Economic Development Corporation, a Florida Not for Profit Corporation ("Lessor") has one thousand, five hundred (1,500) square feet of available office space located at 6140B Northwest 7th Avenue, Miami, Florida 33127 ("Premises") for use as a district office; and WHEREAS, the City wishes to enter into a lease agreement ("Lease") with the Lessor for use of the Premises as a district office in District 5; and WHEREAS, the proposed Lease is for an initial four (4) year term with one (1) four (4) year option to renew, plus a month to month carry over provision, at a rental rate of Twenty Dollars ($20.00) per square foot for a total monthly amount of Two Thousand, Five Hundred Dollars ($2,500.00) ("Rental Rate"), with an option for the Lessor to increase the initial Rental Rate a maximum of three percent (3%) annually during the term of the Lease, with additional terms and conditions included in the Lessor's Letter of Intent to be negotiated, attached and incorporated as Exhibit "A;" NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The City Manager is hereby authorized' to negotiate and execute a Lease between the City and the Lessor for a period of four (4) years with one (1) four (4) year option to renew, plus a month to month carry over provision, for the City's use of the Premises for the purpose of providing space for a district office for District 5 at a rental rate of Twenty Dollars ($20.00) per square foot for a total monthly amount of Two Thousand, Five Hundred Dollars ($2,500.00), with an option for the Lessor to increase the initial Rental Rate a maximum of three percent (3%) annually during the term of the Lease, with additional terms and conditions included in the Lessor's Letter of Intent to be negotiated, attached and incorporated as Exhibit "A." Section 3. The City Manager is further authorized' to negotiate and execute any and all other necessary agreements, documents, modifications, and amendments, all in forms acceptable to the City Attorney, for said purpose. Section 4. Funds are to be allocated from the District 5 Commissioner's budget with terms and conditions to be more specifically set forth in said Lease. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: 1 l i 4naindez, Gity Aktor ey 4f512022 i ria i nde ity Aktor ey 5/3/2022 Pursuant to the resolution, this item became effective immediately upon adoption by the Commission. ' The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to, those prescribed by applicable City Charter and City Code provisions.