HomeMy WebLinkAboutR-02-0575J-02-471
5/23/02
RESOLUTION NO. 02— 575
A RESOLUTION OF THE MIAMI CITY COMMISSION
AUTHORIZING THE EXECUTIVE DIRECTOR OF VIRGINIA
KEY BEACH PARK TRUST TO EXECUTE A LEASE
AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, WITH LUCKY CAPITAL, INC. FOR THE
LEASING OF 1,700 SQUARE FEET OF OFFICE SPACE
AT 3550 BISCAYNE BOULEVARD, MIAMI, FLORIDA,
FOR A TERM OF THREE YEARS AND FOUR MONTHS, AT
A MONTHLY RATE OF $2,620.83 PLUS A 4% INCREASE
OVER THE BASE RENT FOR THE SECOND AND THIRD
YEAR OF THE LEASE, SUBJECT TO AVAILABILITY OF
FUNDS IN ANY GIVEN YEAR; ALLOCATING FUNDS FROM
ACCOUNT CODE NO. 116004.580239.620.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The Executive Director of Virginia Key Beach
Park Trust is authorized!' to execute a lease agreement, in a
form acceptable to the City Attorney, with Lucky Capital, Inc.
for the leasing of 1,700 square feet of office space at 3550
Biscayne Boulevard, Miami, Florida, for a term of three years and
1� The herein authorization is further subject to compliance with all
requirements that may be imposed by the City Attorney, including but not
limited to those prescribed by applicable City Charter and Code
provisions.
CITY CO
Mfn,Y 2 3 2002
Resolution HP.
02'5.
four months, at a monthly rate of $2,620.83 plus a 4% increase
over the base rent for the second and third year of the lease,
subject to availability of funds in any given year, with funds
allocated from Account Code No. 116004.580239.620.
Section 2. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.2/
PASSED AND ADOPTED this 23rd day of May , 2002.
f
MANUEL A. DIAZ, OR
AT EST:
PRISCILLA A. tHOMPSON
CITY CLERK
7APPROV IS AS FOR AND CORRECTNESS :t/
RO V RELLO
CIT ATTORNEY
6348:tr:LB:BSS
2/ If the Mayor does not sign this Resolution, it shall become effective at
the end of ten calendar days from the date it was passed and adopted.
If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
Page 2 of 2 02- 575
BOARD OF DIRECTORS
M. Athalie Range
Chair
Gene S. Tinnie
Vice Chair
W. Mark Walters
Secretary
Eugenia B. Thomas
Treasurer
Miguel Germain
Member
Maud Newbold
Member
Dr. Enid C. Pinkney
Member
Bernice Sawyer
Member
Dick Townsend
Member
STAFF
Lynette Williams Austin
Executive Director
Audrey Gordon
Administrative Assistant
Valerie Goram
Development Coordinator
Aml
VIRGINIA KEY BEACH PARK TRUST
MEMORANDUM
TO: The Honorable Mayor and Members
of the City Commission
RE: Lease Agreement between
Virginia Key Beach Park Trust
and Lucky Capital, Inc.
FROM: Lynette Williams Austin
Executive Director
FOR: City Commission Agenda
May 23, 2002
RECOMMENDATION=
The Board of Directors of the Virginia Key Beach Park Trust (the "Trust")
requests that the City Commission approve the attached Resolution
authorizing the Executive Director of Virginia Key Beach Park Trust to
execute a Lease Agreement (the "Agreement"), in a form acceptable to the
City Attorney, with Lucky Capital, Inc. (the "Lessor"). This Agreement is for
the use of approximately 1,700 square feet of office space located at 3530
Biscayne Boulevard, Miami, Florida. The term of the Agreement is for three
(3) years and four months with a monthly cost of $2,765.00, plus a 4%
escalation over the base rent of the second and third year and is subject to
the availability of funds on any given year.
BACKGROUND:
The Virginia Key Park Trust has determined that the space located at 3530
Biscayne Boulevard, Miami, Florida is suitable for the requirements of their
organization. All costs associated with this lease will be paid from the
operating budget of the Trust.
Highlights of the Agreement are as follows:
Use Period: Commences June 1, 2002 and terminates on September
30, 2005
Rent: First Year: $2,765.00/mo.
Cost per square foot: $19.51
Miami Riverside Center, 444 SW 2nd Avenue, 7th Floor, Miami, FL 33130
Phone: (305) 416-1776 / Fax: (305) 400-5262 02—
2 — 5'75
Email: vkbpt@ci.miami.fl.us
Budgetary Impact Analysis
1. Department VKBPT Division
2. Agenda Item # (if available)
3. Title and brief description of legislation or attach ordinance/resolution:
Lease Agreement of 1,700 square feet of office space at 3530 Biscayne Boulevard for
VKBPT.
4. Is this item related to revenue? NO: X YES (If yes, skip to item #7.)
5. Are there sufficient funds in Line Item?
YES: X Index Code 116004580239 Minor Obj. Code 620 Amount $17,740
NO: _ Complete the following questions:
6. Source of funds: Amount budgeted in the Line Item $17,74
Balance in Line Item $17,740
Amount needed in the Line Item $
Sufficient funds will be transferred from the follow ncr line items:
7
ACTION ACCOUNT NUMBER
ACCOUNT NAME TOTAL
Index/Minor Object/Project No.
Verified by:
From
$
From
$
From
$
To
$
Any additional comments?
The amount of funds included in line item are for four months rent and deposit
F• PHI
.
� =11 (111 y1 / [z � �� :�. •JI �
Date
FOR EPARTMENT OF MANAGEMENT
AND BUDGET USE ONLY
Verified by:
Verified by:
Transfer done by:
Department of Management and Budget
Budget Analyst
Budget Analyst
Director/Designee
uz- 575