Title
Lease Space (NB)
Staff is requesting approval to extend a Lease Agreement for two years for space at the Ayer's Medical Building.
Explanation
In order to meet space needs at the Administration Building until such time the new Operations Center is completed, the City Commission authorized the negotiation and execution of a three year Lease Agreement in 2006 for office space at the Ayer's Medical building, located at 720 SW 2nd Avenue.
It is anticipated that the Operations Center will be complete and ready for occupancy mid year, 2011. In order to accommodate staff until such time as the project is complete, staff has successfully negotiated an Amendment to the Lease Agreement with Shands to extend the term of the Lease for two years, ending on November 30, 2011. The Amendment maintains the original lease price of $17.95/sf, with a provision for an annual Cost of Living Adjustment. The remaining terms and conditions of the Lease remain in full force and effect.
Recommendations
The City Commission: 1) approve the Amendment of a Lease Agreement with Shands Teaching Hospital and Clinics, Inc., extending the lease term for two years; and 2) authorize the General Manager to execute the Amendment, subject to approval as to form and legality by the City Attorney.
Fiscal Note
Funds for this expenditure are available in Information Technologies operating budget.
Drafter
Prepared by Stephen J. Stagliano, Utilities Administrative Services Director
Submitted by Robert E. Hunzinger, General Manager