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HomeMy WebLinkAboutSummary FormDate: 05/07/2015 AGENDA ITEM SUMMARY FORM FILE ID: -_ 15-00621 Requesting Department: Department of Real Estate and Asset Management Commission Meeting Date: 6/11/2015 District Impacted: 1 Type: I/ Resolution n Ordinance n Emergency Ordinance ❑ Discussion Item ❑ Other Law Department Matter ID No. 15-935 Subject: Lease Agreement ("Agreement") with the School Board of Miami -Dade County ("School Board") for the operation of the Workforce Development Center within the Lindsey Hopkins Technical College Purpose of Item: A Resolution of the Miami City Commission, with attachment(s), authorizing the City Manager to execute a lease agreement, in substantially the attached, by and between the City of Miami, Florida ("City") and the School Board of Miami -Dade County, Florida, for the City's use of approximately 7,734 square feet of office space at the Lindsey Hopkins Technical College located at 750 Northwest 20th Street, Miami, Florida, at an annual rent of one and no/100 dollars ($1.00) plus building operating expenses, for the operation of the Workforce Development Office and authorizing the allocation of funds in an amount not to exceed $35,000 to pay the operating expenses of the Office, subject to final Budget approval. Background Information Budget Impact Analysis NO Is this item related to revenue? See Supplemental Sheet. YES 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: $_0 Total Fiscal Impact: $35,000.00 per year (estimated) Final Approvals (SIGN AND DATE) CIP N/A Budget Grants Risk Management Purchasing Dept. Director Chief City Manager Page 1 of 2 Subject: Lease Agreement ("Agreement") with the School Board of Miami -Dade County ("School Board") for the operation of the Workforce Development Center within the Lindsey Hopkins Technical College Background Information: The City currently has offices at the property located at 750 Northwest 20th Street, Miami, Florida, also known as the Lindsey Hopkins Technical College, ("Technical College") and desires to enter into a new lease agreement to remain at the facility. The Technical College currently serves as an educational/training center, is located within close proximity to public transportation (both Metrorail and Metrobus), and offers ample parking on site for patrons of the facility. The School Board of Miami -Dade County, Florida ("School Board") currently operates the Technical College and has agreed, subject to the terms and conditions contained in the lease agreement, to allow the continued use of a portion of the Technical College as a workforce development office. The lease will be for an initial term expiring on June 30, 2016, with two (2) additional options, to be exercised at the discretion of the City Manager, to extend the term for one (1) year each. The City will be required to pay an annual rent of One and No/100 Dollars ($1.00), plus building operating costs for the operation of the office on those certain days during the lease term when the Technical College would otherwise be closed, at an estimated daily rate of One Thousand Seven Hundred Thirty Four and 38/100 Dollars ($1,734.38). Having identified the Technical College as a suitable location, pursuant to the guidelines of the Workforce Grant, the City now wishes to enter into a lease agreement with the School Board for the use of a portion of the Technical College for purposes of operating a workforce development office. The City Commission authorizes the allocation of funds in an amount not to exceed $35,000, to pay the operating expenses of the Office, subject to final Budget approval. Page 2 of 2