Title
MOTION TO APPROVE THE BUSINESS LEASE AGREEMENT BETWEEN THE CITY OF PEMBROKE PINES AND CHOICES FOR LIFE INC. IN THE AVAILABLE SPACE LOCATED AT 6700 SW 13TH STREET, PEMBROKE PINES, FL 33025.
Summary Explanation and Background
SUMMARY EXPLANATION AND BACKGROUND:
1. The City of Pembroke Pines owns the building located at 6700 SW 13th Street, Pembroke Pines, FL 33025, the former City of Pembroke Pines Village Pre-k.
2. Choices for Life Inc., a not for profit corporation, is seeking to lease 3,556 square feet of property located at 6700 NW 13th Street, Pembroke Pines, FL 33025 to be used as a school for an adult training program for people with intellectual & developmental disabilities.
3. Choices for Life Inc. will pay a monthly base rent of $4,445.00, along with $296.34 per month for all utility charges, for a total monthly rent of $4,741.34. The term of the lease is for one (1) year, with four (4) additional one (1) year terms.
4. Commissioner Good has scheduled a village community meeting to discuss options for the remainder of the building area to allow the Village Community to participate in developing options for future use.
5. Requesting Commission to approve the Business Lease Agreement between the City of Pembroke Pines and Choices for Life Inc. in the available space located at 6700 SW 13th Street, Pembroke Pines, FL 33025.
Financial Impact
FINANCIAL IMPACT DETAIL:
a) Initial Cost: None
b) Amount budgeted for this item in Account No: Funds are currently budgeted for this project in account #1-362030-6001-Rental city facilities
c) Source of funding for difference, if not fully budgeted: Not Applicable
d) 5 year projection of the operational cost of the project:
|
|
Current FY |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|
Revenues |
$54,154.74 |
$56,896.08 |
$56,896.08 |
$56,896.08 |
$56,896.08 |
|
Expenditures |
$0 |
$0 |
$0 |
$0 |
$0 |