First Renewal of Lease Agreement between Escambia County and Pensacola Metro Area Lions Sight Program, Inc.
From:
Robert E. Dye, Interim Facilites Director
Organization:
Facilities Management
CAO Approval:
RECOMMENDATION:
Recommendation Concerning First Renewal of Lease Agreement between Escambia County and Pensacola Metro Area Lions Sight Program, Inc., for County-Owned Property at 1125-B Hayes Street, Pensacola, Florida - Robert E. Dye, Interim Director, Facilities Management
That the Board approve and authorize the Chairman to sign the First Renewal of Lease Agreement between Escambia County and Pensacola Metro Area Lions Sight Program, Inc. (Lions Sight Program), for property located at 1125-B Hayes Street, Pensacola, Florida.
BACKGROUND:
On November 25, 2014 the Board approved a Lease Agreement with Pensacola Metro Area Lions Sight Program, Inc. for real property located at 1125-B Hayes Street, Pensacola, Florida, 32501. The initial term of the lease was for five (5) years commencing on January 15, 2014 and allows for the Lease to be renewed by Lions Sight Program for an additional five (5) year term. Pensacola Metro Area Lions Sight Program, Inc. has requested to renew the lease for the an additional five (5) year term.
BUDGETARY IMPACT:
Pensacola Metro Area Lions Sight Program, Inc. will pay rent of one dollar ($1.00) per year.
LEGAL CONSIDERATIONS/SIGN-OFF:
The County Attorney's Office has prepared the First Renewal of Lease Agreement and has approved as to form and legal sufficiency.