Reso 2008-1327 - Laserfiche WebLink

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TO: FROM: DATE: RE: City of Sunny Isles Beach 18070 Collins Avenue, Suite 250 Sunny Isles Beach, Florida 33160 (305) 947-0606 City Hall (305) 949-3113 Fax (305) 947-2150 Building Department (305) 947-5107 Fax City ('ommission Norman S. Edelcllp, Mayor Roslyn Brezill. I 'ice Mayor Gerr)' Goodman, CommiSSIOner Lewis Thaler, Commissioner Ilanny Iglesias. Comllllssioner A. .Iohn Szerlag, Cify Manager Hans Ottinol, Cify AI/orney .Jane A. Hines, CMC, Cify Clerk MEMORANDUM The Honorable City commi~i\~ Hans Ottinot, City Attorney\~ '-' September 18, 2008 Resolution approving a renewed lease agreement with the Postal Service for the lease of 1,200 square feet of office space RECOMMENDA TION: It is recommended that the City Commission approve the attached Resolution approving a renewed lease agreement with the United States Postal Service ("Postal Service") for the lease of 1,200 square feet of office space in the City's Government Center. REASONS: The Postal Service currently leases 1,200 square feet of office space in the City's Government Center for a branch post office. The current lease expires on March 31, 2010. The proposed new lease is for a five year term, commencing April 1, 2010, through March 31, 2015, with an additional five year option renewal period until 2020. Under the proposed new lease, the Postal Service will pay an annual rent of $21 ,000.00 per year. This represents a more than 100% increase in the current yearly rent 01'$9,768.00. During the optional renewal period, i.e. from April 1, 2015, through March 31, 2020, the per annum rental will be the existing market value in the City. The will allow the City greater flexibility to negotiate the rent during this optional renewal period. Please note the proposed new lease incorporates the same essential terms as those in the current lease agreement. HO: fa / Attachment Agenda Item t D Ll Date <1- \ ~ - 0 ~