Subject:
Title
Eighth Amendment to the Lease Agreement with Melrose Clearwater Holdings, LLC for an extension of the existing lease term.
label
Recommended Action:
Recommended Action
Approval and execution by the County Administrator of the Eighth Amendment to the Lease Agreement (Amendment) with Melrose Clearwater Holdings, LLC to extend the Lease Agreement for a period of twenty-four months at Northside Square, 29269 U.S. Highway 19 North, Clearwater.
• This amendment extends the agreement to July 31, 2024.
• The price for the two-year lease totals $148,489.92.
• There is provision for one additional one-year renewal term.
• The lease expiration date aligns with the planned relocation of the Property Appraiser and Tax Collector to the future County-owned North County Service Center property located at 29582 U.S. Highway 19 North, Clearwater.
Body
Strategic Plan:
Deliver First Class Services to the Public and Our Customers
5.1 Maximize partner relationships and public outreach
5.2 Be responsible stewards of the public’s resources
5.3 Ensure effective and efficient delivery of county services and support
Summary:
This Amendment provides for the continuation of a lease for the Property Appraiser for an additional twenty-four (24) months. This location serves as the Property Appraiser’s north county office. The current lease expires on July 31, 2022.
Background/Explanation:
The Property Appraiser has occupied this leased location, consisting of 3,605 rentable square feet (RSF), since May 11, 1993.
The first amendment increased the rentable square footage and extended the lease expiration date four (4) years.
The second amendment extended the lease expiration date three (3) years.
The third amendment extended the lease expiration date two (2) years.
The fourth amendment extended the lease expiration date three (3) years.
The fifth amendment assigned the lease agreement to a new property owner.
The sixth amendment extended the lease expiration date five (5) years.
The seventh amendment extended the lease expiration date five (5) years to July 31, 2022 and established a base expense year for operating expenses.
This eighth amendment extends the lease for an additional twenty-four (24) months from August 1, 2022, expiring on July 31, 2024, with provision for one additional one (1) year renewal term available.
Both parties have agreed to the terms of this renewal extension.
The lease expiration date aligns with the planned relocation of the Property Appraiser and Tax Collector to the future County-owned North County Service Center property located at 29582 US Highway 19 North, Clearwater.
Fiscal Impact:
The two (2) year lease totals $148,489.92. This lease amendment has been budgeted for in FY22 and FY23.
Delegated Authority:
Authority for the County Administrator to sign this Eighth Amendment to the Lease Agreement is granted under Code Section 2-62(a)(2).
Staff Member Responsible:
Joe Lauro, Director, Department of Administrative Services
Diana Sweeney, Deputy Director, Department of Administrative Services
Partners:
Pinellas County Property Appraiser
Attachments:
Northside Square Property Appraiser 8th Amendment
Northside Square Property Appraiser 7th Amendment
Northside Square Property Appraiser 6th Amendment
Northside Square Property Appraiser 5th Amendment
Northside Square Property Appraiser 4th Amendment
Northside Square Property Appraiser 3rd Amendment
Northside Square Property Appraiser 2nd Amendment
Northside Square Property Appraiser 1st Amendment
Northside Square Property Appraiser Original Lease