HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #12505
Date: 08/31/2022
Commission Meeting Date: 09/22/2022
Requesting Department: Department of Real
Estate and Asset Management
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Auth. City Manager - Extend Lease Valoro Med Owner
Purpose of Item:
A Resolution of the Miami City Commission, with attachment(s), authorizing the City
Manager to negotiate and execute an Addendum to Lease ("Agreement"), in a form
acceptable to the City Attorney, between the City of Miami ("City") and Valoro Med
Owner Inc. ("Lessor"), for City's continued use of approximately nine thousand two
hundred eighty (9,280) square feet of office space located at 5040 NW 7th Street,
Miami, Florida, for the operation of the Internal Affairs Division of the City's Police
Department, with a monthly rental fee in an amount not to exceed approximately twenty
three thousand nine hundred seventy four dollars ($23,974) ($31 per square foot per
year), all-inclusive and with annual increases, for a period of five (5). Allocating funds
from City Police Department's budget, with terms and conditions to be more specifically
set forth in said agreement.
Background of Item:
The City of Miami ("City") is Lessee, and Valoro Med Owner LLC ("Lessor") is lessor,
pursuant to a Lease Agreement dated June 15, 2015, as assigned and amended,
("Lease") providing for the use of nine thousand two hundred eighty (9,280) square feet
of office space located at 5040 NW 7 Street, Miami, Florida, by the City Police
Department's Internal Affairs Division ("Division").
The Lease is set to expire October 31, 2022 and the Division wishes to extend the
Lease for the continued use of the office space. The City, with broker NAI Miami's
assistance, has negotiated a rental rate for the use and occupancy of the premises at a
rate of thirty-one dollars ($31) per square foot, escalating by one dollar ($1) per square
foot on each anniversary thereafter, inclusive of all operating expenses.
The City and Lessor wish to enter into an Addendum to Lease ("Agreement") to extend
the term of the Lease for a period of five (5) years, pursuant to such terms set forth in
the proposal, attached and incorporated as Exhibit A ("Proposal").
Budget Impact Analysis
Item is NOT Related to Revenue
Item is NOT funded by Bonds
Item is an Expenditure
Total Fiscal Impact:
General Account No: 00001.190001.544000
Office of the City Attorney
Office of Management and Budget
Office of Management and Budget
City Manager's Office
Legislative Division
City Manager's Office
OMNI Community Redevelopment
Office of the City Attorney
City Commission
Office of the City Clerk
Reviewed B
Jacqueline Lorenzo
Pedro Lacret
Marie Gouin
Larry M. Spring
Valentin J Alvarez
Arthur Noriega V
Agency
Victoria Mendez
Nicole Ewan
City Clerk's Office
Department Head Review
Budget Analyst Review
Budget Review
Assistant City Manager Review
Legislative Division Review
City Manager Review
Isiaa Jones
Approved Form and Correctness
Meeting
Rendered
Completed
Completed
Completed
Completed
Completed
Completed
ACA Review
Completed
Completed
Completed
09/01/2022 9:58 AM
09/01/2022 2:24 PM
09/01/2022 2:28 PM
09/06/2022 12:04 PM
09/07/2022 10:57 AM
09/07/2022 4:16 PM
Completed
09/12/2022 9:27 AM
09/22/2022 9:00 AM
09/26/2022 2:58 PM
City of Miami
Legislation
Resolution
Enactment Number: R-22-0352
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 12505 Final Action Date:9/22/2022
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE AN
ADDENDUM ("AGREEMENT") TO THE LEASE AGREEMENT BETWEEN THE CITY
OF MIAMI AND TMSA ALTIS 5040 LLC FOR THE CITY OF MIAMI'S CONTINUED
USE OF APPROXIMATELY NINE THOUSAND TWO HUNDRED EIGHTY SQUARE
FEET ("9,280 SQ. FT.") OF OFFICE SPACE LOCATED AT 5040 NORTHWEST 7
STREET, MIAMI, FLORIDA ("PROPERTY"), FOR THE PURPOSE OF EXTENDING
THE TERM OF THE LEASE BETWEEN THE CITY OF MIAMI ("CITY") AND CURRENT
OWNER VALORO MED OWNER, LLC ("LESSOR"), FOR THE OPERATION OF THE
INTERNAL AFFAIRS DIVISION OF THE MIAMI POLICE DEPARTMENT ("MPD"), FOR
AN INITIAL MONTHLY RENTAL FEE IN AN AMOUNT NOT TO EXCEED
APPROXIMATELY TWENTY THREE THOUSAND NINE HUNDRED SEVENTY FOUR
DOLLARS ($23,974.00) (APPROXIMATELY $31.00 PER SQUARE FOOT PER YEAR),
ALL INCLUSIVE AND WITH ANNUAL INCREASES, FOR A PERIOD OF FIVE (5)
YEARS, AS MORE PARTICULARLY SET FORTH IN THE PROPOSAL ATTACHED
AND INCORPORATED AS EXHIBIT A ALL IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY; ALLOCATING FUNDS FROM THE MPD'S BUDGET, WITH TERMS AND
CONDITIONS AS MORE SPECIFICALLY SET FORTH HEREIN AND IN SAID
AGREEMENT.
WHEREAS, the City of Miami ("City") entered into a Lease Agreement dated June 15,
2015, as assigned and amended ("Lease"), providing for the use of nine thousand two hundred
eighty (9,280) square feet of office space located at 5040 Northwest 7 Street, Miami, Florida, by
the Miami Police Department's ("MPD") Internal Affairs Division ("Division"); and
WHEREAS, the Lease is set to expire October 31, 2022, and the Division wishes to
execute an Addendum to the lease agreement for the purposes of extending the Lease for the
continued use of the office space with the current owners Valoro Med Owner LLC ("Lessor");
and
WHEREAS, the City, with broker NAI Miami's assistance, has negotiated a rental rate for
the use and occupancy of the premises at a rate of thirty-one dollars ($31) per square foot on an
annual basis, escalating by one dollar ($1) per square foot on each anniversary thereafter,
inclusive of all operating expenses; and
WHEREAS, the City and Lessor wish to enter into an Addendum to Lease ("Agreement")
to extend the term of the Lease for a period of five (5) years, as more particularly set forth in the
proposal attached and incorporated as Exhibit "A" ("Proposal"); and
WHEREAS, the City Manager is authorized to negotiate and execute the Agreement in a
form acceptable to the City Attorney.
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
hereby adopted by reference and incorporated as fully set forth in this Section.
Section 2. The City Manager is hereby authorized' to negotiate and execute an
Agreement, in a form acceptable to the City Attorney, for the purpose of extending the term of
the Lease, for the City's continued use of approximately nine thousand two hundred eighty
(9,280) square feet of office space located at 5040 Northwest 7 Street, Miami, Florida, for the
operation of the Division, with a monthly rental fee in an amount not to exceed approximately
twenty three thousand nine hundred seventy four dollars ($23,974.00) (approximately $31.00
per square foot), all-inclusive and with annual increases, for a period of five (5) years as set
forth in the Proposal, with funds allocated from the MPD's budget, and with terms and
conditions as more specifically set forth in said Agreement.
Section 3. This Resolution shall become effective immediately.
APPROVED AS TO FORM AND CORRECTNESS:
ndez, ity Attor ey 9/12/2022
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 Code
provisions