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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-22-0352 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12505 File Type: Resolution Status: ADOPTED Revision: Controlling Body: City Commission File Name: Auth. City Manager - Extend Lease Valoro Med Introduced: 8/30/2022 Owner Requesting Dept: Department of Real Estate and Asset Final Action Date: 9/22/2022 Management Title: 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. Notes: Pursuant to the resolution, this item became effective immediately upon adoption by the Commission. Links: Attachments: 12505 Exhibit A (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Jacqueline Lorenzo Pedro Lacret Marie Gouin Larry M. Spring Legislative Division Arthur Noriega V lsiaa Jones Victoria Mendez City Commission City Commission 9/1/2022 9/1/2022 9/1/2022 9/6/2022 9/7/2022 9/7/2022 9/9/2022 9/12/2022 9/22/2022 9/22/2022 Department Head Review Budget Analyst Review Budget Review Assistant City Manager Review Legislative Division Review City Manager Review ACA Review Approved Form and Correctness Meeting ADOPTED Completed Completed Completed Completed Completed Completed Completed Completed Completed Passed City of Miami Page 1 of 2 Printed on: 6/20/2025 City Clerk's Office City of Miami Master Report Enactment Number: R-22-0352 9/26/2022 Rendered City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Completed City of Miami Page 2 of 2 Printed on: 6/20/2025