Explanation
Background: The city has leased approximately 36,879 square feet of office/warehouse space located at 2028 Williams Road since November, 2002 to house the central warehouse operations of the Division of Fire. The current Lease Agreement, amended by the First Amendment To Lease Agreement and further amended by the Second Amendment to Lease Agreement, approved by City Council Ordinance 2661-2013, has one remaining automatic renewal commencing February 1, 2015 and terminating January 31, 2016. The Division of Fire central warehouse operations will move to 4252 Groves Road upon construction of renovations that are currently anticipated for completion early in 2016. It is anticipated that the warehouse operation will need to remain at Williams Road until sometime in the second quarter of 2016, thus necessitating the need for an additional renewal term to be added to the existing Lease.
This legislation authorizes the Director of Finance and Management to expend $108,793.04 from the Finance and Management, Real Estate Management Office 2014 General Fund budget for payment of the rental cost associated with the one (1) year renewal term that begins February 1, 2015.
Fiscal Impact: This ordinance expends $108,793.04 from the Finance and Management, Real Estate Management Office 2014 general fund budget for payment of the rental cost for the office/warehouse space located at 2028 Williams Road for the renewal term beginning February 1, 2015.
Emergency Action: Emergency action is requested to allow the current lease agreement to continue uninterrupted, and to provide funding to allow for the timely payment of rent.
Title
To authorize the Director of Finance and Management to expend $108,793.04 from the Finance and Management, Real Estate Management Office 2014 general fund for payment of rent in connection to the lease of office and warehouse space located at 2028 Williams Road for the one (1) year renewal term beginning on February 1, 2015; and to...
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