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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-22-0176 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 11789 Revision: A File Name: Execute Lease Agrmnt - MLKEDC Requesting Dept: Commissioners and Mayor File Type: Resolution Status: ADOPTED Controlling Body: City Commission Introduced: 4/5/2022 Final Action Date: 5/12/2022 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A LEASE AGREEMENT ("LEASE") BETWEEN THE CITY OF MIAMI ("CITY") AND MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION, A FLORIDA NOT FOR PROFIT CORPORATION ("LESSOR"), FOR THE CITY'S USE OF APPROXIMATELY ONE THOUSAND, FIVE HUNDRED (1,500) SQUARE FEET OF OFFICE SPACE ("PREMISES") FOR AN INITIAL PERIOD OF FOUR (4) YEARS WITH ONE (1) FOUR (4) YEAR OPTION TO RENEW, PLUS A MONTH TO MONTH CARRY OVER PROVISION, FOR THE PURPOSE OF PROVIDING SPACE FOR A DISTRICT OFFICE FOR CITY COMMISSION DISTRICT 5 WITH A MONTHLY RENT OF TWO THOUSAND, FIVE HUNDRED DOLLARS ($2,500.00) ($20.00 PER SQUARE FOOT), WITH AN OPTION FOR THE LESSOR TO INCREASE THE INITIAL RENTAL RATE A MAXIMUM OF THREE PERCENT (3%) ANNUALLY DURING THE TERM OF THE LEASE, WITH ADDITIONAL TERMS AND CONDITIONS INCLUDED IN THE LESSOR'S LETTER OF INTENT TO BE NEGOTIATED, ATTACHED AND INCORPORATED AS EXHIBIT "A;" FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER NECESSARY AGREEMENTS, DOCUMENTS, MODIFICATIONS, AND AMENDMENTS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE; ALLOCATING FUNDS FROM THE DISTRICT 5 COMMISSIONER'S BUDGET WITH TERMS AND CONDITIONS TO BE MORE SPECIFICALLY SET FORTH IN SAID LEASE. Sponsor(s): Commissioner Christine King Notes: Pursuant to the resolution, this item became effective immediately upon adoption by the Commission. Links: Attachments: 11789 Exhibit A (PDF) 11789 Back -Up Documents (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Legislative Division Xavier Alban Marie Gouin Victoria Mendez City Commission City Commission A Legislative Division A Xavier Alban 4/5/2022 4/5/2022 4/5/2022 4/5/2022 4/14/2022 4/14/2022 5/2/2022 5/3/2022 Legislative Division Review ACA Review Budget Review Approved Form and Correctness Meeting CONTINUED Legislative Division Review ACA Review Completed Completed Completed Completed Completed Passed Completed Completed City of Miami Page 1 of 2 Printed on: 6/12/2025 City of Miami Master Report Enactment Number: R-22-0176 A Marie Gouin 5/3/2022 Budget Review Completed A Victoria Mendez 5/3/2022 Approved Form and Completed Correctness A City Commission 5/12/2022 Meeting Completed A City Commission 5/12/2022 ADOPTED Passed A City Clerk's Office 5/13/2022 Rendered Completed City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com City of Miami Page 2 of 2 Printed on: 6/12/2025