Explanation
Background: The Department of Finance and Management leases office and warehouse space for use by the Departments of Development and Public Safety. This ordinance accordingly amends the chart of various Lessors attached to Ordinance 0048-2010 to name an additional Lessor and authorizes the Director of the Department of Finance and Management to execute those documents necessary to enter into a lease agreement with an initial lease term of one year and subject to authorization and approval of City Council and certification of funds availability by the City Auditor, for six (6) automatic renewal terms each of one year.
Fiscal Impact: Funding for various new leases was appropriated within the Special Income Tax Fund as approved in Ordinance 0048-2010. This ordinance authorizes the expenditure of $52,000 of the remaining balance of the $167,000 appropriated earlier this year. In addition, the appropriation and expenditure of $85,000 from the Law Enforcement Contraband Seizure Funds is authorized.
Emergency Justification: Emergency action is requested to allow for the immediate execution of a lease agreement by the City, to allow the Lessor to obtain the City required building permits and construct necessary tenant improvements without delay to meet the City's required occupancy date of July 2010.
Title
To amend Ordinance 0048-2010 to name an additional Lessor; to authorize the expenditure of $52,000.00 from the Special Income Tax Fund; to authorize the appropriation and expenditure of $85,000.00 from the unappropriated balance of the Law Enforcement Contraband Seizure Funds; and to declare an emergency. ($137,000)
Body
WHEREAS, the Department of Finance and Management, through its Real Estate Management Office, leases various office and warehouse space on behalf of the Departments of Development and Public Safety; and
WHEREAS, the need exists to add an additional name to the Lessor chart incorporated in Ordinance ...
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