Subject:
Title
Third Amendment to the Second Floor Lease with Melrose Clearwater Holdings LLC and Solomon Clearwater Holdings LLC to extend the lease for the Pinellas County Tax Collector at Northside Square.
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Recommended Action:
Recommended Action
Approval of the Third Amendment to the Second Floor Lease (Third Amendment) with Melrose Clearwater Holdings LLC and Solomon Clearwater Holdings LLC to extend the lease for the Pinellas County Tax Collector offices at 29399 U.S. Highway 19 North, Clearwater (Northside Square).
• The current Office Building Lease (Lease) expires on December 31, 2026.
• This Third Amendment will extend the Lease through December 31, 2027.
• The extension will better align with the Tax Collector’s relocation to the new North County Service Center, 29582 U.S. Highway 19 North, Clearwater, which has a tentative completion date of August 2027.
• The fiscal impact for the fixed rent payments under the Third Amendment is $588,960.81 in Fiscal Year (FY) 2027, and $196,320.27 in FY28. The source of funds is the Tax Collector’s State-approved budget.
• The fiscal impact for the variable operating expense payments under the Third Amendment is approximately $120,513.69 in FY27, and approximately $40,171.23 in the FY28. The source of funds is Construction & Property Management’s budget.
• Fixed and variable rent payments under the Third Amendment reflect fair market value.
• The Third Amendment has no impact to the Tax Collector, CPM, or General Fund budget in FY26. Approval of this amendment will require funding in the Adopted FY27 Budget and Adopted FY28 Budget. Funding for future years of this agreement will likely be requested in future budgets.
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Strategic Priorities:
Smart Service Delivery
4.2 Achieve and maintain a high level of customer satisfaction
Summary:
Summary
The Tax Collector is planning to relocate from Northside Square to the new North County Service Center. The relocation is tentatively scheduled for August 2027. The Third Amendment will extend the existing Lease through December 31, 2027 to better align with the relocation.
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Background Information:
The Tax Collector has occupied office space at Northside Square since 2003.
This Third Amendment will extend the term for an additional year, through December 31, 2027.
Fiscal Impact:
The Third Amendment has no impact to the Tax Collector, CPM, or General Fund budget in FY26. Approval of this amendment will require funding in the Adopted FY2027 Budget and Adopted FY2028 Budget.
The Fiscal Impact for the Tax Collectors’ future budget under the Third Amendment will be $588,960.81 in FY27, and $196,320.27 in FY28.
The Fiscal Impact for the Construction & Property Management Department budget, within the General Fund, (variable operating expenses under the Third Amendment) is projected at approximately $120,513.69 in the FY27, and $40,171.23 in FY28.
Staff Member Responsible:
Bill Greer, Director, Construction & Property Management
Adam Ross, Pinellas County Tax Collector
Partners:
Pinellas County Tax Collector
Attachments:
Third Amendment to Second Floor Lease
Second Amendment to Second Floor Lease
First Amendment to Second Floor Lease (1st and 2nd floor leases combined)
Office Building Lease
Location Map