HomeMy WebLinkAboutR-02-1213J-02-940
11/0702
RESOLUTION NO. 02-1213
A RESOLUTION OF THE MIAMI CITY COMMISSION,
WITH ATTACHMENT(S), AUTHORZING THE CITY
MANAGER TO EXECUTE AMENDMENT NO. 4 TO THE
LEASE AGREEMENT ("AGREEMENT") DATED JANUARY
5, 1998, AS AMENDED, IN SUBSTANTIALLY THE
ATTACHED FORM, BETWEEN THE CITY OF MIAMI,
LESSEE, AND GOLDEN SANDS ALLAPATTAH
CORPORATION, LESSOR, TO PROVIDE FOR: (1)
EFFECTIVE JULY 1, 2002, A REDUCTION IN OFFICE
SPACE FROM 19,096 SQUARE FEET TO 16,177
SQUARE FEET AT A MONTHLY RENTAL FEE OF
$17,525.08; AND (2) EFFECTIVE AUGUST 1, 2002,
A FURTHER REDUCTION OF OFFICE SPACE FROM
16,177 SQUARE FEET TO 11,619 SQUARE FEET, AT
A MONTHLY RENTAL FEE OF $12,587.25, WITH ALL
OTHER TERMS AND CONDITIONS SET FORTH IN THE
AGREEMENT REMAINING IN EFFECT.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The City Manager is authorizedl/ to execute
Amendment No. 4 to the Lease Agreement ("Agreement") dated
January 5, 1998, as amended, in substantially the attached form,
between the City of Miami and Golden Sands Allapattah Corporation
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.
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to provide for: (1) effective July 1, 2002, a reduction in
office space from 19,096 square feet to 16,177 square feet, with
a monthly rental fee of $17,525.08; and (2) effective August 1,
2002, a further reduction of office space 16,177 square feet to
11,619 square feet, at a monthly rental fee of $12,587.25, with
all other terms and conditions set forth in the agreement
remaining in effect.
Section 2. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor Y
PASSED AND ADOPTED this 19th day of November 2002.
UEL A. DIAZ, MAYO
EST:
PRISCILLA A. THOMPSON
CITY CLERK
APPROV AS O FORM AND RECTNESS:tj
O A
RELLO
ATTORNEY
r:AS:BSS
ai 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 0 2 —1213
AMENDMENT NO.4 TO THE LEASE AGREEMENT BETWEEN THE CITY OF
This Amendment is entered into this day of , 2002, by
and between the Cl-tY 3f Miami, a municipal corporation of the State of Florida (the
"Lessee"), and Golden Sands Allapattah Corporation, a Florida Corporation (the
"Lessor") for the purpose of amending that certain Lease Agreement between the Lessee
and Lessor dated January 5, 1998, as amended (the "Agreement") as follows:
NOW, THEREFORE, in consideration of mutual covenants hereinafter set forth
and in consideration of other valuable consideration the parties covenant and agree as
follows:
1. Effective July 1, 2002 the term "Premises" in the "Agreement" shall be
amended to reduce the overall square footage of the office to 16,177 square
feet. Effective August 1, 2002 the term "Premises" shall be amended to
include only those offices on the second floor containing 11,619 square feet.
2. Effective July 1, 2002 the monthly rent for the Premises shall be Seventeen
Thousand Five Hundred Twenty Five Dollars and 08/100 cents ($17,525.08)
and effective August 1, 2002 the monthly rent for the Premises shall be
Twelve Thousand Five Hundred Eighty Seven dollars and 08/100
($12,587.25).
Except as specifically provided herein, all of the terms and provisions of the Lease
shall remain in effect.
In witness whereof, the parties hereto have executed this Amendment to the Lease on
the day and year first above written.
Attest:
Corporate Secretary:
Golden Sands Allapattah Corporation
By: ' •.
Peter Fedele
K -99-348(D) - ORS
02-1213
Attest
By:
Priscilla A. Thompson
City Clerk
APPROVED AS TO FORM AND
CORRECTNESS
By:
Alejandro Vilarello
City Attorney
City of Miami, a municipal corporation
of the State of Florida
Carlos A. Gimenez
City Manager
APPROVED AS TO INSURANCE
REQUIREMENTS:
LIM
Robert Nachlinger
Assistant City Manager
02-12t3
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO: Honorable Mayor and Members
of the City Commission
RECOMMENDATION
CA -13
DATE
NOV - 4 20,02
SUBJECT: Resolution Authorizing
Amendment No. 4 to Lease
With Golden Sands
REFERENCES: Allapattah Corp.
ENCLOSURES:
FILE:
The administration recommends that the Miami City Commission adopt the attached
Resolution, authorizing the City Manager to execute Amendment No. 4 (the
"Amendment"), in substantially the attached form, to the existing Lease Agreement dated
January 5, 1998, as amended, between the City of Miami ("Lessee") and Golden Sands
Allapattah Corporation (the "Lessor") to provide for: 1) a reduction in office space from
19,096 SF to 16,177 SF effective July 1, 2002 with a monthly rent of $17,525.08 ($13.00
SF); and 2) a further reduction of space from 16,177 SF to 11,619 SF effective August 1,
2002 with a monthly rent of $12,587.25 ($13.00 SF).
BACKGROUND
The City entered into a lease with Golden Sands Allapattah Corporation on January 5,
1998 for use of office space at 1313 NW 36 Street by the Office of Workforce
Development. The lease provided for an initial term of 5 years with the option to renew
for three additional 5 -year periods. The initial rental rate was $13.00 SF. Earlier this
year, the City lost grant funding and needed to phase its reduction of office space by a
total of 7,477 square feet. The Lessor permitted the City to reduce its square footage
without penalty.
FINANCIAL IMPACT
THERE IS A POSITIVE IMPACT TO THE CITY. THE TOTAL MONTHLY
SAVINGS IN RENT IS EIGHT THOUSAND ONE HUNDRED DOLLARS AND
08/100 ($8,100.08).
CAG:DB:�gf Cover Memo for RESo reduction of space
02-1213