HomeMy WebLinkAboutcover memoCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
ro
'ROM :
The Honorable ljtlayorand
i Commis oners
(Joe rriola
Cit Manager
DATE :
SUBJECT:
REFERENCES:
ENCLOSURES:
October 22, 2004
Agenda Item For
November 18, 2004
FILE :
Department Requesting Agenda Item: Economic Development.
1. Subject:
Lease Agreement for the East Little Havana Neighborhood Enhancement Team.
2. Purpose of item:
The Administration recommends that the City Commission approve the attached
Resolution authorizing the City Manager to execute a Lease Agreement (the
"Lease"), in substantially the attached form, between Rayos Del Sol, Ltd. (the
"Lessor"), and the City of Miami ("Lessee"). This Lease is for the use of
approximately 1,200 square feet of space within the building Iocated at 185
Northwest 13th Avenue, Miami Florida, to be occupied by the East Little Havana
Neighborhood Enhancement Team. The Lease shall be for: 1) a term of seven (7)
years that shall commence on the possession date which shall be no later than
April 1, 2005, with an option to extend for two additional five-year terms subject
to the mutual consent of the parties; 2) Lessee shall pay rent for the first year, in
the amount of $12.00 per square foot or $1,200.00 per month, with rent for
subsequent years to be adjusted based on increases in Consumer Price Index but
shall not exceed four percent (4%); 3) Lessor to provide Lessee with complete
build -out of premises; and 4) Lessor to pay all common area operating charges
and provide four (4) reserved parking spaces for Lessee, with additional terms and
conditions more particularly set forth in the agreement.
3. History of item:
The City of Miami is interested in relocating the East Little Havana
Neighborhood Enhancement Team ("NET") office from its present location at
Warner Place at 111 Southwest 5th Avenue, to improve the physical conditions
and quality of services that is needed to serve the community. The administration
negotiated with Rayos Del Sol, Ltd., owner of newly constructed property at 185
Northwest 13th Avenue, to lease office space that includes the owner providing a
complete build -out of the space based on space specifications that shall be
provided by the administration to the owner. Comparable rental rates for the area
range from $13.00 to $18.00 per square foot.
4. Does this item correlate with the CIP plan or Strategic Plan? If so, how?
No.
The Honorable Mayor and
City Commissioners
Page 2..
5. Does this item have any effect on residents within the City of Miami? If so, how?
Yes. It shall improve the physical conditions and quality of services that is
needed to serve the community.
6. Will this item impact any specific District? If so, which one?
Yes. District 3.
7. Does this item have any fiscal impact? (please provide dollar amount)
There is a financial impact of $1,200.00 per month in expenditures to the City's
general fund. The account code for this expenditure is 145001.25113.6.620.
Furthermore, if the City elects to terminate this Lease at any time prior to
expiration of the initial term, the City is required to reimburse Lessor the
unamortized balance based on straight-line depreciation of Lessor's build -out cost
which total build -out cost shall not to exceed $80,000.00 which shall be an
additional expenditure to the City's general fund.
Approved by: Director
/ Chief / Manager