HomeMy WebLinkAboutsummary formDate: 6/7/2005
AGENDA ITEM SUMMARY FORM
FILE ID: DJ ` o0 5q 3
Requesting Department: Economic Development
Commission Meeting Date: 7/7/2005 District Impacted: 1
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Lease Agreement between the City of Miami and Centennial Express, Inc.
Purpose of Item:
Authorize the City Manager to execute a Lease Agreement between the City of Miami (City) and
Centennial Express, Inc. ("Lessor") for the lease of approximately 1,326 SF of warehouse/office space
at 1251 NW 36th Street, Miami, Florida. The lease will commence on the date of execution of the
lease between Lessor and Lessee for a term of one (1) year with the option to renew for two
successive terms of two years each, subject to the negotiation of new rent for the extended term. The
initial monthly rent shall be $1,105.00.
Background Information:
The Internal Affairs Division of the Police Department has been renting office space from Golden
Sands Allapattah Corporation ("Golden Sands") at 1313 NW 36th Street since November, 2002 and
needed warehouse/office space in close proximity to their offices. The principals of Golden Sands
offered the Police Department space at a nearby property located at 1251 NW 36th Street, containing
approximately 1,326 square feet, which is owned by another of its corporations Centennial Express,
Inc. This space was provided to the Police Department at no cost. At this time Internal Affairs
continues to need the warehouse/office space and Centennial Express has requested the City enter into
a lease agreement for Internal Affairs continued use of the aforementioned space. The proposed
monthly rent is $1,105.00 at a rate of $10.00 SF for a term of one (1) year. Internal Affairs will pay
for its own electrical consumption and telephone.
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No: 001000-290201.6.610
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Pace 1 of 2
RE: Lease Agreement between the City of Miami and Centennial Express, Inc.
Final Approvals
(SIGN AND DATE)
CIP n /4 Bu get
If using or receiving capital funs .
Grants r /c Risk Mt
Purchasing /Ot Dept. Directo
Chi e( 'IV City Manager
Paee 2 of 2