Subject:
Renewal option letter from the County to DB Asset Group, LLC notifying landlord of County’s exercise of a one-year renewal option to extend the term of the County’s lease for the Clerk’s Print Shop at 8585 Somerset Drive, Suite B, Largo.
Body
Recommended Action:
Approval and execution by the County Administrator of a renewal option letter to DB Asset Group, LLC (landlord) to extend the County’s lease for the Clerk’s Print Shop at 8585 Somerset Drive, Suite B, Largo, for one year.
• The current term of the Lease expires June 30, 2026.
• The First Amendment to the Lease provides for five 1-year renewal options.
• The County has exercised four of the renewal options and is now exercising the fifth and final renewal option.
• Per the Lease, annual rent for the 1-year renewal term increases by 3.0%.
• Funding for rent payable during the portion of the lease term falling within Fiscal Year (FY) 2026 is included in the FY26 Operating Budget for Construction and Property Management within the General Fund. Funding for FY27 and future years will be dependent on the adoption of the annual County Operating Budget.
Funding for rent payable during the portion of the lease term falling within FY26 is included in the FY26 Operating Budget for Construction and Property Management within the General Fund. Funding for FY27 and future years will be dependent on the adoption of the annual County Operating Budget.
Strategic Plan:
Smart Service Delivery
4.2 Achieve and maintain a high level of customer satisfaction.
Summary:
The renewal option letter will extend the term of the County’s lease at 8585 Somerset Drive, Suite B, Largo (for the Clerk’s print shop) for one year, through June 30, 2026.
Background/Explanation:
The County has leased the premises since 2012. The current term of the Lease is scheduled to expire on June 30, 2026. The Clerk desires to extend the term for one year, through June 30, 2027.
Fiscal Impact:
Per the terms of the Lease, beginning July 1, 2026, annual rent will increase by 3.0%, to $161,493.24 ($13,457.77/month).
Funding for rent payable during the portion of the lease term falling within FY26 is included in the FY26 Operating Budget for Construction and Property Management within the General Fund. Funding for FY27 and future years will be dependent on the adoption of the annual County Operating Budget.
Delegated Authority:
Authority for the County Administrator to sign the renewal option letter is granted under Code Section 2-62(a)(2).
Staff Member Responsible:
Ken Burke, Clerk of the Circuit Court and Comptroller
Partners:
Pinellas County Clerk
Attachments:
2026 renewal option letter
First Amendment
Lease Agreement
Location Map