Public Hearing: YES ☐ NO ☒ Department: Airport
SUBJECT:
Title
Commission District(s): 1 and 6
Standardized Office Space Agreement with Roma Ventures, LLC. There is no cost to the County.
Body
Information Contact: Mario A. Evans, Airport Director
Phone Number: 770.936.5440
PURPOSE:
To consider approval of a standardized two-year Office Space Agreement with Roma Ventures, LLC, effective January 6, 2020; and
To consider authorizing the Chief Executive Officer to execute the Agreement.
NEED/IMPACT:
The initial term of this lease is for two years. The lease contains the provision for four (4) automatic two-year extensions. Each extension includes a rent increase of seven percent (7%) or an increase based on the consumer price index (CPI) whichever is greater.
For tenant to rent Office Space 2J at the Airport.
Rental is comprised of the actual monthly rental fee for the leased premises ($226.86) which includes Lessor’s provision of electricity.
The County Attorney has reviewed the document and approved it as to form pending Governing Authority approval.
The original documents are in Purchasing and Contracting Department. A master copy of this lease has been placed in the Commissioners’ library for reference.
On February 10, 1999, the Airport Advisory Board approved a Policy Letter whereby “standard office leases” defined as leases of office, shop and storage spaces will not be brought before the AAB.
FISCAL IMPACT:
This is a revenue generating lease agreement. There is no cost to the County.
RECOMMENDATION:
Recommended Action
To approve the resolution and authorize the chief executive officer to execute all necessary documents....