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HomeMy WebLinkAboutSummary FormDate: 2/22/2007 AGENDA ITEM SUMMARY FORM FILEID: 0 7- C U' O 5 Requesting Department: Public Facilities/Asset Mgmt Commission Meeting Date: 4/12/2007 District Impacted: Type: ® Resolution I Ordinance n Emergency Ordinance If Other Subject: Lease Agreement with Grovites United to Survive, Inc. Purpose of item: Discussion Item A Resolution of the Miami City Commission, authorizing the City Manager to execute a Lease Agreement between Grovites United to Survive, Inc., a Florida not -for -profit corporation ("Lessor"), and the City of Miami ("Lessee"), in substantially the attached form, for the lease of approximately 3,197 square feet of space located at 3686 Grand Avenue, Miami, Florida. The lease is for a term of two (2) years that shall commence on the October 1, 2006. The lease term has an option to extend for one (1) additional one-year term subject to mutual consent of the parties. Rent for the first year shall be at a rate of $6.20 per square foot or $1,650.00 per month with rent for subsequent term year to be adjusted based on increases in Consumer Price Index (CPI) but shall not exceed five percent (5%). Lessor to provide Lessee with six (6) reserved parking spaces for Lessee, with other terms and conditions as more particularly set forth in the lease agreement. See attached. Budget Impact Analysis i NO Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. General Account No: c Special Revenue Account No: 12500.191602.544000.0000.00000 q tagllrI-1,t1 CIP Project No: FAT Ci`i.%y'1 11101 L' NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND pATE) CIP j\/ Or Budget' 9-e Grants N Risk Manage Purchasing ��N __._-.-.Dept. Director Chief f City Manager If using or receiving capital funds Pane I ot'2 co AGENDA ITEM SUMMARY FORM Subject: Lease Agreement with Grovites United to Survive Background Information: On October 9, 2002, the City Manager executed a lease between the City of Miami and Grovites United to Survive, Inc. (G.U.T.S.), a not -for -profit corporation, to lease approximately 3,197 square feet of space for a two-year term, with three I -year options to renew, to establish a recreational facility for the Police Athletic League (PAL) boxing program of the City of Miami Police Department at 3686 Grand Avenue, Miami, Florida in the Southwest Grove area. PAL has continued to occupy the premises under the same terms and conditions while the parties negotiated a new agreement. The last annual lease option expired on September 30, 2006. Rent during this period was paid at $4.88 per square foot or $1,300.00 per month. The rent negotiated for the new lease is $6.20 per square foot or $1,650.00 per month and was based on the amount of funding available from the Law Enforcement Trust Fund. Administration has negotiated a new lease with G.U.T.S., to continue leasing 3,197 square feet of space for the PAL boxing program for youth. Comparable rental rates for the area range from $27.00 to $35.00 per square foot. Rental rate for the subject space is $6.20 per square foot. Paae 2 of 2