HomeMy WebLinkAboutSummary FormDate: 09/28/2012
AGENDA ITEM SUMMARY FORM
FILE ID: — 0/107
Requesting Department:. Public Facilities (Asset Management Division)
Commission Meeting Date: 11//42012 District Impacted: City-wide
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
['Other
Law Department
Matter ID No.
12-2260
Subject: Lease Agreement with Centennial Express Incorporated for the use and occupancy of space located in
the City of Miami, Florida
Purpose of Item:
A Resolution of the City of Miami Commission, with attachment(s), authorizing the City Manager to execute a
a Lease Agreement ("Lease"), in substantially the attached form, between the City of Miami ("City") and
Centennial Express Incorporated ("Lessor"), for the use of approximately 1,326 square feet of warehouse
space located in the City of Miami, Florida ("Premises"), for the purpose of providing space to the City of
Miami Police Department, with a monthly rent of $1,500.00 ($13.57 per square foot), for the period of one (1)
year with the option to renew for five (5) one-year terms; allocating funds from the City of Miami Police
Department's budget, with terms and conditions as more specifically set forth in said Lease.
Background Information:
See Attached.
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: 00001.190001.544000
Special Account No (LETFJ:
ClP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $15,000.00 (remainder of FY'13)
Final Approvals
(SIGN AND DATE)
CIP N/A Budge?
sin or eceivi R eain fund
Grants N/A Risk Management
Purchasing N/A Dept. Director
Chief , '4 / " City Manager
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Subject: Lease Agreement with Centennial Express Incorporated for the use and occupancy of space located in
the City of Miami, Florida
Background Information:
The City of Miami Police Department has expressed a need for the continued use and occupancy of warehouse
space it currently occupies space as a month -to -month tenant from Centennial Express Incorporated ("Lessor").
Therefore, the City of Miami ("City") and the Lessor wish to enter into a Lease Agreement ("Lease") for the use
of 1,326 square feet of warehouse space located in the City of Miami, Florida ("Premises"). Under the Lease, the
City shall continue to pay for its own electricity and telephone services. The City's monthly rent for the use of
the space will be $1,500.00 ($13.57 per square foot), for a term of one (1) year with the option to renew for five
(5) successive terms of one (1) year each, subject to the rent increases provided for in the Lease.
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