HomeMy WebLinkAbout24-13 RESOLUTIONRESOLUTION NO.24-13
A RESOLUTION APPROVING A TWO-YEAR LEASE AGREEMENT WITH
OLD SQUARE, INC., FOR THE ANNUAL RENTAL AMOUNT OF $9,000.00
TO LEASE APPROXIMATELY 3,500 SQUARE FEET FOR DOCUMENT
STORAGE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a
two-year Lease Agreement with Old Square, Inc., for the annual rental amount of $9,000.00 to
lease approximately 3,500 square feet for document storage. A copy of the Lease Agreement,
marked Exhibit "A," is attached hereto and made a part hereof.
PASSED and APPROVED this 5t' day of February, 2013.
' -9Z01T/a��i
By:
O ELD -,Mayor
ATTEST:
By: G� 0.
SONDRA E. SMITH, City Clerk/Treasurer
oo��ERKi��T
z' FAYE7TfVI�LE;�=
• r
�'�cPy/ ��q N S Pam'. •°`,``
'',,'' �O 1i11o%%N e�,�
LEASE
On this day of February, 2013, Old Square, Inc. (Lessor) and the City of
Fayetteville (Tenant) agree as follows:
Old Square, Inc. agrees to lease the north end of the basement of 26 West Center
(approximately 3,500 square feet) to the City of Fayetteville for an annual rent of Nine
Thousand Dollars ($9,000.00) to be paid monthly at the first business day of each month
beginning March 1, 2013 in the amount of Seven Hundred Fifty Dollars ($750.00)
The City of Fayetteville agrees to lease approximately 3,500 square feet in the north end
of the basement of 26 West Center from Old Square, Inc. and pay an annual rent of Nine
Thousand Dollars ($9,000.00) to be paid monthly on the first business day of each month
beginning March 1, 2013, in the amount Seven Hundred Fifty Dollars ($750.00).
Old Square, Inc. shall be responsible to pay all building utilities. The City of Fayetteville
agrees that the space it has rented will be used as storage space for City of Fayetteville records or
property. Old Square, Inc. agrees to allow access to the City of Fayetteville records or property
as needed by City personnel.
The City of Fayetteville shall not sublet any of this space without the prior written
approval of Old Square, Inc.
The initial term of this Lease shall be two years (from March 1, 2013 until February 28,
2015). The City of Fayetteville shall have the right to renew this Lease for up to two additional
years, but the annual rental (to be paid in future equal monthly payments) shall be increased to
Nine Thousand Six Hundred Dollars ($9,600.00).
In Agreement with all the promises, terms and conditions stated above, Old Square, Inc.
by Lee Ward and the City of Fayetteville by Mayor Lioneld Jordan sign their names below.
OLD SQUARE, INC.
CITY OF
FAYETTLIVILLE, ARKANSAS
By: e,. / VT By:�
�/G�irLEE WARD
CC/U IV
Corporate Title ATTEST:
By:
SONDRA E. SMITH, City Clerk```����„nr►ti,,���
ARK / TR6
`�; • G\� Y OF •G�'�
av: FAYETTEVILLE
GGe
.yco;
City of Fayetteville Staff Review Form
Larry Rennie
Submitted By
City Council Agenda Items
and
Contracts, Leases or Agreements
�-5-�0►3
City Council Meeting Date
Agenda Items Only
Building Maintenance
Division
Finiance
Department
Action Kequirea:
Approve Resolution authorizing the Mayor to renew a two year contract in the amount of $9,000 annually with Old
Square, Inc. for lease space of approximately 3,500 sq. ft. to be used for document storage.
$18,000
Cost of this request
1010-6600-5308.00
Account Number
Project Number
Budgeted Item
$ it 18 000 -
Category / Project Budget
Funds Used to Date
Remaining Balance
Budget Adjustment Attached
0._
Department Director Date
13
City Attorney Date
t-Pj a - 4-1,,.
Finance and Internal Services Director
�- z3 - to i3
Date
1-15-2a3
Date
W
Date
Program Category / Project Name
Program / Project Category Name
Fund Name
Previous Ordinance or Resolution #
Original Contract Date:
Original Contract Number:
Received in City
3 P02:3 fiCVD
Clerk's Office
Received in
Mayor's Office
Comments:
+tll1ilii1itl�`'
Revised January 15, 2009
THE CITY OF FAYETTEVILLE, ARKANSAS
DEPARTMENT CORRESPONDENCE
KA
CITY COUNCIL AGENDA MEMO
To: City Council
Thru: Paul Becker / Mayor Jordan
From: Larry Rennie Building Maintenance Supt.
Date: 1/18/2013
Subject: Old Square lease
PROPOSAL:
Renew 2 year lease for a total cost of $18,000 with Old Square Inc.with additional two year option for
approximately 3500 sq. ft. of secure storage space located on the corner of Block and Center Streets. This cost
includes all utilities.
RECOMMENDATION:
Approve resolution authorizing the Mayor to execute the contract with Old Square Inc.
BUDGET IMPACT:
This is a budgeted item
RESOLUTION NO.
A RESOLUTION APPROVING A TWO-YEAR LEASE AGREEMENT WITH
OLD SQUARE, INC., FOR THE ANNUAL RENTAL AMOUNT OF $9,000.00
TO LEASE APPROXIMATELY 3,500 SQUARE FEET FOR DOCUMENT
STORAGE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a
two-year Lease Agreement with Old Square, Inc., for the annual rental amount of $9,000.00 to
lease approximately 3,500 square feet for document storage. A copy of the Lease Agreement,
marked Exhibit "A," is attached hereto and made a part hereof.
PASSED and APPROVED this 5th day of February, 2013.
APPROVED:
I0
LIONELD JORDAN, Mayor
ATTEST:
SONDRA E. SMITH, City Clerk/Treasurer
JAL zt"Zd
LEASE
On this day of February, 2013, Old Square, Inc. (Lessor) and the City of
Fayetteville (Tenant) agree as follows:
Old Square, Inc. agrees to lease the north end of the basement of 26 West Center
(approximately 3,500 square feet) to the City of Fayetteville for an annual rent of Nine
Thousand Dollars ($9,000.00) to be paid monthly at the first business day of each month
beginning March 1, 2013 in the amount of Seven Hundred Fifty Dollars ($750.00)
The City of Fayetteville agrees to lease approximately 3,500 square feet in the north end
of the basement of 26 West Center from Old Square, Inc. and pay an annual rent of Nine
Thousand Dollars ($9,000.00) to be paid monthly on the first business day of each month
beginning March 1, 2013, in the amount Seven Hundred Fifty Dollars ($750.00).
Old Square, Inc. shall be responsible to pay all building utilities. The City of Fayetteville
agrees that the space it has rented will be used as storage space for City of Fayetteville records or
property. Old Square, Inc. agrees to allow access to the City of Fayetteville records or property
as needed by City personnel.
The City of Fayetteville shall not sublet any of this space without the prior written
approval of Old Square, Inc.
The initial term of this Lease shall be two years (from March 1, 2013 until February 28,
2015). The City of Fayetteville shall have the right to renew this Lease for up to two additional
years, but the annual rental (to be paid in future equal monthly payments) shall be increased to
Nine Thousand Six Hundred Dollars ($9,600.00).
In Agreement with all the promises, terms and conditions stated above, Old Square, Inc.
by Lee Ward and the City of Fayetteville by Mayor Lioneld Jordan sign their names below.
OLD SQUARE, INC. CITY OF
FAYETTEVILLE, ARKANSAS
I=
LEE WARD
Corporate Title
LIONELD JORDAN, Mayor
ATTEST:
SONDRA E. SMITH, City Clerk