Purchasing Type: Change Order (CO)
Public Hearing: YES ☐ NO ☒ Department: Purchasing & Contracting
AGENDA ITEM:
Title
Commission District(s): District 4
CO - Change Order No. 2 to Contract No. 12-902427 for Rental Agreement for Office Space at 2156 Flintstone Drive, Tucker, GA (Multi-Year): for use by Police Services (PS). This request is for Consent to Assignment to transfer remaining funds and contract term to BREIT Stone Mountain Owner LLC. Amount Not To Exceed: $173,687.36.
Body
Information Contact: Cathryn Horner, CPPB
Phone Number: (404) 371-6334
PURPOSE:
Awarded by the BOC on May 8, 2012 for an amount not to exceed $807,648.56. On April 22, 2014, the BOC approved Change Order No. 1 to reduce the amount not to exceed of the lease to $787,709.60 to reflect a reduction in lease payments due to a change in the actual lease commencement date. On November 24, 2015, the property was sold to Stone Mountain Industrial Park (SMIP) LL, LLC C/O Ackerman and Company. On May 14, 2019, the property was sold to BREIT Stone Mountain Owner LLC, a subsidiary of BREIT Industrial Holdings LLC. This request is for consent of assignment to the current owner.
RECOMMENDATION:
Recommended Action
Recommend approval of Change Order No. 2 with:
BREIT Stone Mountain Owner LLC, 220 Commerce Drive, Suite 400, Fort Washington, PA 19034
and authorize the Chief Executive Officer to execute the Consent to Assignment and all associated documents.
ADDITIONAL INFORMATION:
1. Contract Effective Date: November 1, 2012
2. Contract Expiration Date: December 31, 2021
3. Amount Spent To Date: $633,961.20
4. Funding: Forfeiture (PS)