CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Business and Financial Services 		For Meeting of:
July 14, 2014
District: 4 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Lease of Retail Space at Library Garage (116 E. Central Blvd) to Lake Eola Florist
Summary:

Previous tenant Eileen Smith (d/b/a A Downtown Florist & Wedding Shop) has sold the florist business it has operated under its lease to Lake Eola Florist, LLC.  The Lease with Eileen Smith will be terminated upon the commencement date of this Lease.  Lake Eola Florist is currently operating the florist business and desires to enter into a new lease of the Premises. 

 

The terms of the Lease will be two (2) years with one (1) additional one (1) year option. Rent for the first year of the lease will be $1,268.37 per month/$15,220.44 annually and will increase 5% per year after the first year.  The Lease may be terminated with thirty (30) days prior written notice.
Fiscal & Efficiency Data: Income to PKG0009_C Library Garage Operations 
Recommended Action:

Approval and authorization for the Mayor/Pro Tem and City Clerk to execute Lease, substantially in the form attached, and approval and authorization, without further City Council approval, for the Real Estate Division Manager to execute additional extension options referenced herein, so long as such approvals 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
Approved By:

Department Date and Time
Budget Outside Routing Approval 7/3/2014 10:07 AM
City Clerk 7/3/2014 11:00 AM
ATTACHMENTS:
Name: Description: Type:
Lake_Eola_Florisa_-_Impact_Statement_2014.doc Fiscal Impact Statement Fiscal Impact Statement
Lake_Eola_Florist_Library_Garage_Lease_2014_FINAL.doc Lease Agreement Fiscal Impact Statement
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