CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Business and Financial Services 		For Meeting of:
March 14, 2016
District: 5 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Lease of 58 W Washington Street inside the Washington Street Parking Garage to Salon Elysee, Inc.
Summary:

Salon Elysee, Inc. has leased the retail space at 58 W Washington St inside the Washington St. Parking Garage for a full service hair salon since 2011. The Lease expires on  April 30, 2016 and the tenant wishes to enter into a new lease. 

The term of the new Lease shall be for three (3) years, commencing May 1, 2016 and ending April 30, 2019, and may be extended again for two (2) additional terms of one (1) year each. Rent will increase to $1,188.19  per month during the first year and will also increase five percent (5%) per year thereafter.  Either party may terminate the Lease with ninety (90) days prior notice.
Fiscal & Efficiency Data: Revenue to PKG0004_C 
Recommended Action:
Approval and authorization for the Mayor/Pro Tem and City Clerk to execute the Lease, substantially in the form attached, and approval and authorization, without further City Council approval, for the Real Estate Division Manager to execute the additional extension options referenced herein, so long as such extensions are in conformance with the terms and conditions of the Lease, all subject to the review and approval of the City Attorney's Office.
Agenda Item attachment(s) on file in the City Clerks Office.
Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.
Contact: Tonie McNealy (Wes Powell)
Approved By:

Department Date and Time
Budget Outside Routing Approval 3/3/2016 12:09 PM
City Clerk 3/3/2016 1:21 PM
ATTACHMENTS:
Name: Description: Type:
Salon_Elysse_Lease_03.01.2016.pdf Lease Agrmt Backup Material
Salon_Elysee_-_FIS_03-2016.pdf FIS Backup Material
"Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."