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County Administrator's Report 10. 21.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	03/19/2015
Issue: First Renewal of Lease Agreement between Escambia County and Rebuild Northwest Florida, Inc.
From:	David Wheeler
Department:	Facilities Management
CAO Approval:

RECOMMENDATION:

Recommendation Concerning the First Renewal of Lease Agreement between Escambia County and Rebuild Northwest Florida, Inc. - David W. Wheeler, CFM, Facilities Management Department Director

That the Board take the following action regarding the First Renewal of Lease Agreement between Escambia County and Rebuild Northwest Florida, Inc.:

A. Approve the First Renewal of Lease Agreement between Escambia County and Rebuild Northwest Florida, Inc., for real property located at 150 West Maxwell Street, Pensacola, Florida, for an additional two-year term, commencing on April 1, 2015, and ending March 31, 2017; and

B. Authorize the Chairman to sign the Renewal of Lease Agreement.

[Funding: Lessee shall pay the County rent in the amount of $1 per year for the renewal term]

BACKGROUND:

On April 5, 2012 the Board approved a Lease Agreement with Rebuild Northwest Florida, Inc. (Rebuild) for real property located at 150 West Maxwell Street, Pensacola, Florida. The initial term of the lease was for three (3) years commencing on April 1, 2012 and allows for the lease to be renewed by Rebuild for two additional two (2) year terms. Rebuild Northwest Florida, Inc. has requested to renew the lease for an additional two (2) year term.

BUDGETARY IMPACT:

Rebuild Northwest Florida, Inc. will pay rent of one dollar ($1.00) per year.

LEGAL CONSIDERATIONS/SIGN-OFF:

The Renewal of Lease was prepared by the County Attorney's Office and approved as to form and legal sufficiency.

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Board policy requires the approval of the Board for lease agreements involving County-owned property.

IMPLEMENTATION/COORDINATION:

Signatures are required by both parties.

Attachments
1st Renewal of Lease Agreement
Resolution and Lease 2012