DEPARTMENT: Center City Development & Operations
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: Council District 3
SUBJECT: A lease amendment extending an existing lease for the Council District 3 Field Office at 3315 Sidney Brooks.
SUMMARY:
Ordinance approving the negotiation and execution of a lease amendment extending the existing lease with Brooks Development Authority relocating the Council District 3 Field Office to 3315 Sidney Brooks effective November 1, 2018, contingent upon City Council approval, for the annual rent amount of $8,542.65 for a four year term ending October 31, 2022.
BACKGROUND INFORMATION:
Council District 3 has had a field office at Brooks City Base since January 2006, moving into its present location in March 2010. A relocation opportunity within the adjacent building is available to allow the field office access to a larger space to provide constituent services.
ISSUE:
The existing lease expired in April 2018 and is currently on a month to month holdover. The City must amend the existing lease to allow the City to occupy a new space while extending the term by four years.
Item
Presently
Proposed
Net Change
Premises Size
1,775 SF
2,700 SF
925 SF more
Term
Month to Month
Ends October 31, 2022
4 year extension
Monthly Rent
$468.00
$711.89
$243.89
Services
Landlord provides all services
Landlord provides all services
No change
Termination Right
Any time after 30 days' notice
Any time after 30 days' notice
No change
ALTERNATIVES:
City Council could opt not to approve this lease renewal. Staff would be required to search for other options but it is unlikely that a more appropriate location at a discounted rent could be identified.
FISCAL IMPACT:
The amended lease and extension will allow for a next monthly rent increase of $243.89 but will provide approximately 925 square feet of addition space. During the extended term, monthly rent will be paid pursuant to the following schedule:
Term
Mont...
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