Explanation
BACKGROUND: This ordinance authorizes the Director of the Department of Development to exercise renewal options to extend two (2) lease agreements with Jaeger Commerce Park. One lease is for approximately 4,763 square feet of warehouse space for the Mobile Tool Program and the other is for approximately 7,100 square feet of space for the Environmental Blight Abatement Program. The leased property is located at 560 Dublin Avenue. Both lease agreements will be renewed for a period of one year.
Emergency action is requested to assure continued and uninterrupted use of the facilities.
FISCAL IMPACT: $22,200.00 is available from within the Department of Development's Community Development Block Grant Fund for the Mobile Tool Program lease and $11,000.00 is available from the General Fund for the Environmental Blight Abatement Program lease. The leasing cost of this space for the Mobile Tool Program for the last seven years has been $144,000.00. The leasing cost of this space for the Environmental Blight Abatement Program for the last seven years has been $76,000.00.
Title
To authorize the Director of the Department of Development to modify and extend two (2) lease agreements with Jaeger Commerce Park Limited Partnership for space needed for the Mobile Tool Program and Environmental Blight Abatement Program; to authorize the expenditure of $22,200.00 from the Community Development Block Grant Fund and $11,000.00 from the General Fund; and to declare an emergency. ($33,200.00)
Body
WHEREAS, the Director of the Department of Development desires to exercise renewal options to extend two (2) lease agreements with Jaeger Commerce Park; and
WHEREAS, one lease is for approximately 4,763 square feet of warehouse space for the Mobile Tool Program and the other is for approximately 7,100 square feet of space for the Environmental Blight Abatement Program; and
WHEREAS, the leased property is located at 560 Dublin Avenue and both leas...
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