HomeMy WebLinkAboutR-17-0086City of Miami
Resolution R-17-0086
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 1730 Final Action Date: 2/23/2017
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY
MANAGER TO EXERCISE THE FIRST ONE (1) YEAR OPTION TO RENEW
THE LEASE AGREEMENT BETWEEN THE CITY OF MIAMI AND TAYLOR
LEASING CORPORATION D/B/A TAYLOR LEASING & RENTAL ("TAYLOR")
FOR THE PROCUREMENT/LEASE OF A MARINE FORKLIFT TRUCK FOR A
PERIOD OF TWELVE (12) MONTHS AT $5,819.00 PER MONTH FOR A TOTAL
AMOUNT NOT TO EXCEED $69,828.00 ANNUALLY, FOR THE DEPARTMENT
OF REAL ESTATE ASSET MANAGEMENT; FURTHER AUTHORIZING THE
CITY MANAGER TO EXECUTE ALL OTHER DOCUMENTS, INCLUDING THE
REMAINING THREE (3) OPTIONS TO RENEW, AND ANY AMENDMENTS
AND MODIFICATIONS TO THE LEASE AGREEMENT, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY; ALLOCATING FUNDS FROM THE
VARIOUS SOURCES, SUBJECT TO THE AVAILABILITY OF FUNDS AND
BUDGETARY APPROVAL AT THE TIME OF NEED.
WHEREAS, marine forklift trucks are vital to ongoing marina operations, to provide daily
in/out service to marina customers and to service and repair commercial tenants; and
WHEREAS, the City of Miami ("City"), pursuant to Resolution No. 15-0411, adopted on
September 24, 2015, entered into a twelve (12) month Lease Agreement ("Lease") with Taylor
Leasing Corporation d/b/a Taylor Leasing & Rental ("Taylor"), at a monthly cost of $5,819.00,
with four (4) twelve (12) month options to renew; and
WHEREAS, the Lease includes an option to purchase the forklift after the full term of the
lease, including all four (4) renewals, for the price of one dollar ($1.00); and
WHEREAS, the City intends to exercise the purchase option upon the exhaustion of all
lease renewal options; and
WHEREAS, upon completion of the initial twelve (12) month term of the Lease, the City
will have invested a total $69,828.00;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The City Manager is authorized1 to exercise the first one (1) year option to
renew the Lease between the City and Taylor for the procurement/lease of a marine forklift truck
for a period of twelve (12) months at a cost of $5,819.00 per month for a total amount not to
exceed of $69,828.00, for the Department of Real Estate Asset Management, subject to the
City of Miami Page 1 of 2 File ID: 1730 (Revision:) Printed On: 3/20/2025
File ID: 1730 Enactment Number: R-17-0086
availability of funds and budgetary approval at the time of need.
Section 3. The City Manager is further authorized' to execute all other documents,
including the remaining three (3) options to renew and any amendments and modifications to
the Lease, in a form acceptable to the City Attorney, as may be necessary for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ndez, City ttor ey 2/13/2017
1 The herein authorization is further subject to compliance with all requirements that may be imposed by
the City Attorney including but not limited to those prescribed by applicable City Charter and City Code
provisions.
2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File ID: 1730 (Revision:) Printed on: 3/20/2025