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HomeMy WebLinkAboutSummary FormDate: 4/20/2016 AGENDA ITEM SUMMARY FORM FILE ID: 16-00587 Requesting Department: Department of Real Estate and Asset Management Commission Meeting Date: 6/9/2016 District Impacted: 2 Type: /1 Resolution n Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Law Department Matter ID No. 16-624 Subject Lease Agreement ("Agreement") with the Ronpope Beltway, LLC ("Landlord") for the use of the property located at 3727 Grand Ave ("Property") by both Police and N.E.T. Purpose of Item: A Resolution of the Miami City Commission, with attachment(s), authorizing the City Manager to execute a five year commercial lease agreement in substantially the attached from between Ronpope Beltway, LLC and the City of Miami for the property located at 3727 Grand Avenue, Miami, FL for use by the City of Miami Police as a substation and as general office by the Neighborhood Enhancement Team. Background Information Budget Impact Analysis See Supplemental Sheet. NO YES Is this item related to revenue? Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: 15SOO n 23Ic cO 5I44 (1'` 3-.23nc ol; CIP Project No: A _ (21,26 j -r- a NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? £--i4t-i\sc.,_ ZEcsEs) Start Up Cost: $33,600 per year with 3% annual increases w — P31003) Maintenance Cost: $10,000 per year Total Fiscal Impact: $228,386.96 over 5 years Final Approvals JSIGN AND DATE CIP N/A Bu If using or receiving capital funds Grants N A Risk Management Purchasing Dept. Director Chief jriplanager Page 1 of 2 Subject: Lease Agreement ("Agreement") with the Ronpope Beltway, LLC ("Landlord") for the use of the property located at 3727 Grand Ave ("Property") by both Police and N.E.T. Background Information: The City of Miami ("City") and Ronrope Beltway, L.L.0 ("Landlord") desire to enter into a Commercial Lease Agreement for approximately 2,000 gross square feet of rental space within the property (the "Property") located at 3727 Grand Avenue, Miami, Florida. The City is desirous of renting the Property to obtain increased police visibility and presence for the residents living in the West Grove and surrounding areas of the Property to increase security and deter crime in this location. The term of this Lease shall be for a period of five (5) years (with no renewal options) at a monthly base rent of $2,800.00 plus applicable taxes and increased annually by three (3%) percent. Miami Dade County has expressed an interest in having this substation in West Grove and has committed to using their best efforts to locate funding to pay for two (2) years' worth of rent and the Security Deposit either through fundraising or from County funds; Page 2 of 2