Subject:
Renewal option letter from the County to Northside Square Holdings, LLC c/o Auro Property Management, LLC notifying landlord of County’s exercise of a renewal option to extend the term of the County’s Lease for the Property Appraiser office at 29269 U.S. Highway 19 North, Clearwater, FL.
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Recommended Action:
Approval and execution by the County Administrator of a renewal option letter to Northside Square Holdings, LLC c/o Auro Property Management, LLC (landlord) to extend the County’s Lease for the Property Appraiser office at 29269 U.S. Highway 19 North, Clearwater, FL, for one year.
• The current term of the Lease expires July 31, 2026.
• The Ninth Amendment to the Lease provides for one 1-year renewal option.
• Per the Lease, annual base rent for the 1-year renewal term increases by 3.0%.
• Funding for this agreement is included in the Fiscal Year 2026 (FY26) Operating Budget for Construction and Property Management (CPM) in the General Fund. A total of $96,775.05 was confirmed by the Office of Management and Budget (OMB) in the FY26 Budget for Northside Holdings Square c/o Auro Property Management LLC. 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 29269 U.S. Highway 19 N, Clearwater, FL (for the Property Appraiser office) for one year, through July 31, 2027.
Background/Explanation:
The County has leased the premises since 1993. The current term of the Lease is scheduled to expire on July 31, 2026. The Property Appraiser desires to extend the term for one year, through July 31, 2027.
Fiscal Impact:
Per the terms of the Lease, beginning July 1, 2026, annual base rent will increase by 3.0%, to $82,374.24 ($6,864.52/month). Under the Lease, the County pays for utilities, together with additional rent to the landlord for the County’s allocated share of CAM charges, property tax and insurance.
Funding for this agreement is included in the FY26 Operating Budget for Construction and Property Management (CPM) in the General Fund. A total of $96,775.05 was confirmed by the Office of Management and Budget (OMB) in the FY26 Budget for Northside Holdings Square c/o Auro Property Management LLC. 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:
Mike Twitty, Property Appraiser
Partners:
Pinellas County Property Appraiser
Attachments:
2026 renewal option letter
Ninth Amendment
Lease Agreement
Location Map