HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 0 6' otr5
Date: 5/23/2006
Commission Meeting Date: 6/22/2006 District Impacted: 3 ZaS
Type: ® Resolution ❑ Ordinance ['Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Termination of Lease Agreement with River Village Development, Limited Liability
Corporation
Purpose of Item:
Requesting Department: Public Facefin 13 03
Authorize the City Manager to execute a Termination of Lease Agreement ("Agreement") between
River Village Development, a limited liability corporation ("Lessor"), and the City of Miami
("Lessee"), in substantially the attached form, to terminate the Lease of property located at 779 West
Flagler Street, Miami, Florida (the "Property") for the operation of the Homeless Program
administrative offices. The Agreement provides for the following: 1) Lessee to vacate and surrender
the Property to Lessor on August 1, 2006; 2) Lessor shall pay Lessee the sum of $40,000.00 for
relocation cost to vacate and surrender the Property; 3) upon full execution of this Agreement, Lessor
shall pay Lessee the amount of $20,000.00; 4) and Lessor to pay Lessee the remaining $20,000.00
simultaneous with Lessee vacating and surrendering the Property of Lessor, with other terms and
conditions as more particularly set forth in the Agreement.
See attached.
Budget Impact Analysis
YES Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
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:
CIP OA-
If using or rec ii • capital funds U
Grants
r' Risk Management
Purchasing _� Dept. Director
Final Approvals
{SIGN AND DATE)
Budget61
► �~ .
Chief/ .G 'JJ1 City Manager
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AGENDA ITEM SUMMARY FORM
Subject: Termination of Lease Agreement with River Village Development Limited Liability
Corporation
Background Information:
On August 25, 2000, the City Manager executed a lease agreement between the City of Miami and
Ms. Orielli Troia, Trustee under Revocable Trust Agreement, and owner of property located at 779
West Flagler Street, Miami Florida, to lease approximately 7601 square feet of property to be used for
operation of the Office of Homeless Programs as office space, storage/warehouse and other related
functions and a police substation. The City Manager executed this lease agreement as an emergency
action to relocate the Office of Homeless Programs. The City Commission subsequently ratified,
approved and confirmed the action of the City Manager in executing the lease. The Agreement
provided for a two-year term, with renewal options of three (3) additional two-year terms, at an initial
rent of $4,131.17 per month. On June 6, 2003, Ms. Orielli Troia sold and transferred her interest in
the Property to River Village Development, LLC. The lease agreement is in its second option to
renew period which ends August 24, 2006. River Village Development is interested in developing the
property along with other properties it owns in the surrounding community. Administration has
negotiated with the owner to pay the City the sum of $40,000.00 toward relocation costs in
consideration for canceling the Lease and vacating and surrendering the Property on August 1, 2006.
The Office of the Homeless Programs will relocate its administrative offices to the Overtown
Shopping Center.
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