Subject
Subject:
Title/Subject:
Third Amendment to the Lease Agreement with Janus Research Group, Inc. for a Lease Agreement extension.
Recommended Action
Recommended Action:
Approval and execution by the County Administrator of the Third Amendment to the Lease Agreement (Third Amendment) with Janus Research Group, Inc. (Janus Research Group) for a Lease Agreement (Lease) extension.
Body
Strategic Plan:
Foster Continual Economic Growth and Vitality
4.1 Proactively attract and retain businesses with targeted jobs to the county and the region.
Summary:
This Third Amendment will provide Janus Research Group with continued use of the leased premises for an additional one (1) year term, along with two (2) one-year renewal options, commencing on January 1, 2016. Currently, Janus Research Group leases 2,980 square feet of vehicle maintenance space in Building 700 of the Young-Rainey STAR Center (STAR Center) located at 7887 Bryan Dairy Road in Largo. The initial term of their Lease dated January 10, 2013 will expire on December 31, 2015.
Background/Explanation:
Janus Research Group is a technology solutions provider. By way of the U.S. Army communications-electronics command, they support another STAR Center tenant, Raytheon, with on-site vehicle maintenance.
Fiscal Impact:
The STAR Center shall receive $21,843.40 annually (paid monthly $1,820.28), which includes utilities and ad valorem taxes.
Delegated Authority:
Authority for the County Administrator to sign this Third Amendment is granted under Code Section 2-62(a)(2).
Staff Member Responsible:
Andrew W. Pupke, Director, Real Estate Management
Partners:
Pinellas County Economic Development Authority