HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-05-0657
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 05-01242
Version: 2
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: Lease Agreement - Martin Luther King Economic Dev. Corp. Introduced: 10/31/2005
Requester: Department of Conferences, Cost: Final Action: 11/17/2005
Conventions and Public
Facilities
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE CITY MANAGER TO EXECUTE A LEASE AGREEMENT ("AGREEMENT"), IN
SUBSTANTIALLY THE ATTACHED FORM, BETWEEN THE CITY OF MIAMI ("LESSEE") AND
MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION, A NOT FOR PROFIT
CORPORATION, ("LESSOR"), FOR THE USE OF APPROXIMATELY 1,022 SQUARE FEET OF
OFFICE SPACE, LOCATED AT 6100 NORTHWEST 7TH AVENUE, SUITE 6140-A MIAMI,
FLORIDA, TO RELOCATE THE OPERATION OF THE MODEL CITY NEIGHBORHOOD
ENHANCEMENT TEAM, WITH SAID AGREEMENT TO PROVIDE FOR THE FOLLOWING: 1) A
FIVE-YEAR TERM COMMENCING NO LATER THAN FOUR (4) MONTHS AFTER LESSEE
ISSUES NOTICE TO PROCEED WITH CONSTRUCTION OF THE PREMISES TO LESSOR AND
LESSEE PHYSICALLY OCCUPIES THE PREMISES, WITH AN OPTION TO EXTEND FOR TWO
ADDITIONAL TWO-YEAR TERMS SUBJECT TO THE MUTUAL CONSENT OF THE PARTIES; 2)
LESSEE SHALL PAY RENT FOR THE TERM AT A RATE OF $8.45 PER SQUARE FOOT, OR
$719.66 PER MONTH, WITH RENT FOR ADDITIONAL TERMS TO BE ADJUSTED ANNUALLY
BASED ON INCREASES IN THE CONSUMER PRICE INDEX NOT TO EXCEED THREE
PERCENT (3%); 3) LESSEE TO PROVIDE LESSOR WITH CONSTRUCTION FUNDING IN THE
AMOUNT OF $59,000, TO BE USED FOR CONSTRUCTION OF THE PREMISES; 4) LESSOR TO
PROVIDE LESSEE WITH COMPLETE CONSTRUCTION OF THE PREMISES; 5) SHOULD
LESSOR'S PROPERTY BE DEMOLISHED AS PART OF ITS REDEVELOPMENT PROJECT,
LESSOR SHALL, AT ITS SOLE COST AND EXPENSE, RELOCATE LESSEE TO COMPARABLE
PREMISES WITHIN PROPERTY IT OWNS AND LESSEE SHALL HAVE RIGHT OF FIRST
REFUSAL FOR A NEW LEASE IN THE RELOCATED PREMISES; AND 6) LESSOR TO PAY ALL
COMMON AREA OPERATING CHARGES AND PROVIDE FIVE (5) RESERVED PARKING
SPACES FOR LESSEE, WITH ADDITIONAL TERMS AND CONDITIONS MORE PARTICULARLY
SET FORTH IN SAID AGREEMENT; ALLOCATING FUNDS FROM ACCOUNT CODE NO.
145001.251113.6.620.
Sponsors:
Notes:
Indexes:
Attachments: 05-01242 Legislation.pdf,05-01242 Exhibit 1.pdf,05-01242 Exhibit 2.pdf,05-01242 Exhibit
3.pdf,05-01242 Summary Form.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
City ofMiami Page 1 Printed on 12/8/2016
City of Miami
Master Report
Enactment Number: R-05-0657
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
2 Office of the City 11/10/2005 Review Pending
Attorney
2 City Commission 11/17/2005 ADOPTED Pass
2 Office of the Mayor 11/28/2005 Signed by the Mayor Office of the City
Clerk
2 Office of the City Clerk 11/29/2005 Signed and Attested
by City Clerk
2 Office of the City 3/13/2006 Reviewed and
Attorney Approved
City ofMiami Page 2 Printed on 12/8/2016