HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 16-00133
Date: 2/5/2016
Commission Meeting Date: 3/24/2016
Requesting Department: DREAM
District Impacted: ALL
Type: /1 Resolution C Ordinance [ Emergency Ordinance ❑ Discussion Item
II
Other.
Law Department
Matter ID No.
Subject: Commission Approval for the Second One (1) Year Option to Renew for Request for Proposal
,(RFP) Contract No. 369316for Real Estate Leasing Services
Purpose of Item:
The nature of this item is to seek City Commission authorization for the City Manager to exercise the second
one (1) year option to renew for Request for Proposal (RFP) Contract No. 369316 between the City of Miami
and WLS, L.C. d/b/a NAI Miami, pursuant to Resolution No. 13-0453, adopted November 21, 2013,.for real
estate leasing services, for the Department of Real Estate and Asset Management, on an as -needed contractual
basis; allocating funds from the various sources of funds, subject to the availability of funds and budgetary
approval at time of need.
Background Information:
On November 21, 2013, the City Commission adopted Resolution No. 13-0453, approving the City's award of
RFP Contract No. 369316 to WLS, L.C. d/b/a NAI Miami for real estate leasing services for the Department of
Public Facilities for an initial period of one (1) year, with the option to renew for four (4) additional one (1)
year periods, with each renewal period being brought back for City Commission approval. The Department of
Real Estate and Asset Management has indicated the need to exercise the second one (1) year option to renew
for RFP Contract No. 369316 with WLS, L.C. d/b/a NAI Miami for the real estate leasing services. This is a
varied lease program market rental rate based on 3% net rental value.
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: As required by the department
Special Revenue Account No: N/A
CIP Project No: N/A
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost: N/A
Maintenance Cost: N/A
Total Fiscal Impact: Varied lease program market rental rate based on 3% net rental value
CITP N/A
if using or receiving capital Thuds
Grants
Procurement
N/A
Final Approvals
(SIGN AND DATE
Risk Manageme i N/A
Dept. Director
Chief City Manager
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