HomeMy WebLinkAboutSummary FormDate: 10/15/2014
Commission Meeting
Type: ® Resolution
❑ Other
FILE ID:
AGENDA ITEM SUMMARY FORM
14-01045
Requesting Department: Real Estate and Asset Management
Date: 11/20/14 District Impacted: n/a
❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
Law Department
Matter ID No.
14-1295
Subject: Lease agreement with Centennial Express, Inc. for the use of warehouse space for City of
Miami Police Department use.
Purpose of Item:
A Resolution of the Miami City Commission, with attachments, authorizing the City Manager to
execute a Lease, in substantially the attached form, between the City of Miami ("Lessee") and
Centennial Express, Inc. (the "Lessor"), for the City's use of approximately 1,326 square feet of
warehouse/office space (the "Premises") located at 1251 NW 36 Street, Miami, Florida for three (3)
years with two (2) additional one (1) year renewal options at a rental rate of $1,535.95 per month
($13.90 per square foot or $18,431.40 for the year) with other terms and conditions as more
particularly set forth in the lease; further authorizing the City Manager to approve and execute non -
substantive amendments and renewal options to such agreement as needed.
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: 00001.190001.544000.0000.00000
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:
$18,431.40
Final Approvals
SIGN AND DATE441 `row►
CIP Budge
If using or receiving capital funds
Grants Risk Management
Purchasing
Chief
Dept. Directo
City Manager
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Subject: Lease agreement with Centennial Express, Inc. for the use of warehouse space for City of
Miami Police Department use.
Background Information:
The City of Miami's ("City") Police Department currently occupies the premises under a month -to -
month tenancy and has expressed a need to continue occupying the Premises.
The City and the Lessor wish to enter into the Lease Agreement ("Lease"), attached and incorporated,
with a monthly rent of $1,535.95, providing for an initial term of three (3) years, with the option to
renew for two (2) successive terms of one (1) year each, subject to the rent increases provided for in the
Lease.°/' J24r- yee-r
Funds for this lease will be paid from General Funds. Future annual options to be exercised based on
the availability of funding and may be authorized by the City Manager.
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