1974_0916_CC_packet - Laserfiche WebLink

Home

AGENbA SECTION: Re IT��+A �o.: i� � �/ F��C��]�ST F0� .C�U�f �1L A�Tl��U OQTE; . Septembex 15 - I974 s anc� Recommendations ITEM �ESCREPiION: OftIGINATIIVG �EPT./DEV.: Ac�mznistrata.on OfficE Space Lease with tiVillmus erti es DEPT.HEAD APPRQVAL. RECOMSMENpS: The staf� has tenta�zuely reached agxeement on the terms of a 3 year lease with Willmus Properties for 7502 square feet of oftice sgace located at 2575 North Faixview Avenue. Attached is a iist of the significant provisions of the lease. At the preseni tame, there is not an excess af office space available �aithi.n the $4.00 ta $5.Q0 per square foot range and iaithin the square footage xequirements of the City. In order to insure that such space wauld be avai].able, in the event the bond refex-endum should fail, a lease arxangement is praposed at this time. If the bond referendum is approved by the vot�rs, the lease would be cancel2ed by giving notice no �ater than November 21, 1974, and the payment of $1,500.00. The lease a.s ef£ective irnmedia�eJ.y, hawever xental payments wauld be due and payable only for the period January 1, 1975 to December 31, 1977. The leasad office space would be accupied by the Departments of Admznistration, Publzc Works, Recxeation ancl Finance. The Departments of Police, Court and Fire would xemain in the existing facility. The maximum cast of �he thxee year lease, excludi�g utzlity charges, are as follaws: Basic Rental � 9�,075.Z0 Maximum Building Insurance 1,125.30 Maximum Qutside Maintenance 2,250.60 �stzmated taxes and Sp. Asses. 2,400.00 Office set-up expense Less $3,500 allow 2b,5d0.00 'Fotal three year cost �126,351.1Q The o�fice set-iip expense �ncludes parti.tionzng, eiectrical servzce, winaow coverings, telephone and maving expense. The total amount ot such set-up expenses is estimated to be �30,000. Hotiaever, the lease agreement provides for a$3,500 allowance �rom the lessor to be used �or such expenses. Action Requested: Motion approving resolutian authorizing the Mayor and Manager to exacute a three year �ease for the rental of office spa.ce wiih Willmus Prr�pexties.