Explanation
BACKGROUND: In March 1998 an agreement was entered into with Jaeger Commerce Park Limited Partnership for storage and warehouse space for the Public Safety Department, Division of Police. This lease contained four renewal clauses, the last renewal ended in March 2003. This legislation will authorize the Public Service Director to enter into a new lease agreement for the Facilities Management Division with Jaeger Commerce Park Limited Partnership for storage and warehouse space at 560 Dublin Avenue. This lease agreement will consist of the initial year, which runs from April 1, 2003 to March 31, 2004 and will have three renewal options. The rent for the first year will be $33,000.00. Upon annual approval of City Council, the rent for the renewal years will increase by $1,200.00 each year.
Emergency Action is requested in order to enter into this lease agreement and expedite payment to Jaeger Commerce Park Limited Partnership.
Fiscal Impact: Funding for this lease was budgeted and is available in Facilities Management 2003 General Fund Budget.
Title
To authorize the Public Service Director to enter into an annual lease agreement for the Facilities Management Division with Jaeger Commerce Park Limited Partnership for storage and warehouse space for the Public Safety Department, to authorize the expenditure of $33,000.00 from the General Fund, and to declare an emergency. ($33,000.00)
Body
WHEREAS, the Police Division has a need for storage space, and
WHEREAS, there is a need to enter into a lease agreement with Jaeger Commerce Park Limited Partnership to rent this storage space for the Police Division, and
WHEREAS, the initial lease period is April 1, 2003 through March 31, 2004, and
WHEREAS, an emergency exists in the usual daily operation of the Public Service Department, Facilities Management Division, in that it is immediately necessary to authorize the Public Service Director to enter into a lease ag...
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