Label
DPU011822OLECLEASEEXTENSION
Engineering Services
Christy Soncrant (x2851)
Title
Authorizing the mayor to enter into a Lease Extension Agreement with George F. Eyde, LLC for 25,711 square feet of office and storage space in One Lake Erie Center for the Division of Engineering Services; authorizing the expenditure for said lease in an amount not to exceed $312,500; authorizing the expenditure for employee and visitor parking at One Lake Erie Center in an amount not to exceed $54,000; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
Ordinance numbers 571-00 and 991-00 approved a ten (10) year lease agreement for approximately 25,000 square feet of office space and 711 square feet of file storage area for the Division of Engineering Services at One Lake Erie Center from George F. Eyde, LLC. This space provides sufficient office and meeting space and secured fleet parking for the construction vehicles. This lease was extended for two five-year terms through Ordinances 239-11 and 142-16 expiring on March 31, 2021. Ordinance number 187-21 further extended the lease, expiring on December 31, 2021. New terms have been negotiated to continue the lease for an additional twelve months until newly acquired office space is available. The rate of the lease extension has been agreed upon at $26,041.67 per month plus cost of employee, client, and visitor parking at an estimated rate of $4,500 per month.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the mayor is authorized to enter into a lease extension agreement with George F. Eyde, LLC for 25,000 square feet of office space, 711 square feet of storage space in One Lake Erie Center, and employee, client and visitor parking for the Division of Engineering Services for a twelve-month term expiring in December 2022.
SECTION 2. That the expenditure of an amount not to exceed $18,325 is authorized from the General Fund Account Code 1001-35000-5651001...
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