HomeMy WebLinkAboutM-90-0378A
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
HONORABLE MAYOR AND MEMBERS MAY 15, 1990
To OF THE CITY COMMISSION DATE : FILE .
EXPIRATION OF LAW
SUBJECT : DEPARTMENT LEASE
FROM: JORGE L. FERNANDEZ REFERENCES : CITY COMMISSION MEETING
CITY ATTORNEY MAY 24, 1990
ENCLOSURES.
The Law Department's lease with Amerifirst Bank for 16,001
square feet of office space in the AmeriFirst Building for the
Law/Claims Department expires on June 30, 1990.
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After meeting with Dee Johnson, commercial leasing agent for
Amerifirst Bank, the Law Department has been given the following
two options:
1. Negotiate a new lease for at least one year at $14.33 per
square foot (plus operating expenses), plus any increase
in AmeriFirst's rent over $16.33 per square foot (we are
presently paying $12.35 per square foot). However, the
Law Department's rent would cap at $16.00 per square
foot. If a two year lease is signed, AmeriFirst will
also carpet the entire floor; or
2. Remain in the AmeriFirst Building on a month to month
basis, subject to the following conditions:
a. The base rent will increase to approximately $17.50
per square foot (we are presently paying $12.35 per
square foot) and operating expenses will be
approximately $3.15 a square foot.
b. AmeriFirst Bank will begin showing the office space
to prospective tenants.
C. AmeriFirst Bank may request that the Law Department
vacate the office space upon 30 days written notice.
Your consideration as to how you wish us to proceed in order
to bring this matter to conclusion is requested.
JLF%km/bss
cc: Cesar H. Odio, City Manager
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90- 378
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