HomeMy WebLinkAboutM-89-0710INTER -OFFICE MEMORANDUM
TO: Honorable Mayor and Members
of the City Commission
DATE : June 13, 1989 FILE: J-89-337
SUBJECT : Extension of the Lease
Agreement for Law
Department office Space
FROM : Jor a L' Fe nandez REFERENCES: City Commission Agenda
City Attorney July 13, 1989
ENCLOSURES: (1)
The attachedion of t eiLease Agreement for theon is submitted for Law consideration LawDepartment
for the extens
office space.
The resolution details the essential terms of the renewal
option. It provides for an initial renewal term of one The base
with four (4) successive one (1) year renewal options.
rent for July 1, 1989 through June 30, 1990 is $13.34 per square
foot ($213,440.00). The base rent for July 1, 1990 through June
30, 1991 is $14.34 per square foot ($229,440.00) and may be
adjusted depending on adjustment to ubof s$16.00(AmeriFirst
square Bfoot
base rent adjustment with a maximum
($256,000.00). City base rent shall be maintained at $2.00 per
square foot below sublessor's (AmeriFirst Bank) obligation under
its master lease. The City's pro-rata share of increase in
direct operating cost and parking arrangement shall remain the
same as in the original lease authorized on June 25, 1987 by
Resolution No.in7 the leased 609. AmeriFirst space Bank includingprovide recarpetingional
the
improvements
existing space.
This extension will
allow the Law Department to
continue
for
efficient operations with
maximumflexability
n the future
projected consolidation of
office
be allocated
from Law Department
budgeted
Funds are to
r
funds.
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