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F � 0 tiw <br />o, <br />TO: <br />FROM: <br />DATE: <br />RE: <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947 -0606 City Hall <br />(305) 949 -3113 Fax <br />MEMORANDUM <br />The Honorable Mayor and City Commission <br />Christopher J. Russo, City Manager <br />7/17/2014 <br />Resolution Approving the Lease Amendment with the United <br />States Postal Service <br />RECOMMENDATION: <br />It is recommended that the City Commission approve the Lease Amendment with <br />the United States Postal Service. <br />REASONS: <br />By way of background, the City of Sunny Isles Beach, Florida (the "City "), leases <br />a portion of its government office located at 18070 Collins Avenue to the United <br />States Postal Service ( "Postal Service ") for a post office branch location. <br />Most recently, the parties agreed to a five year lease agreement with the Postal <br />Service in an annual amount of Twenty One Thousand Dollars ($21,000.00), <br />effective April 1, 2010, through March 31, 2015, with an optional five year <br />renewal period at the then existing market value in the City (the "Agreement "). <br />The City wishes to enter into a Lease Amendment to the Agreement and <br />exercise its five year renewal period, effective April 1, 2015, through March 31, <br />2020, in an annual amount of Twenty Five Thousand Two Hundred Dollars <br />($25,200.00). <br />ATTACHMENTS: <br />• Resolution <br />• Lease Amendment to Agreement <br />Agenda Item No. IOJ <br />Date 7/17/2014 <br />464 <br />