CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Business and Financial Services 		For Meeting of:
September 8, 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 Open-air Cafe in Lake Eola Park and adjacent Office Space to current tenant Relax Grill at Lake Eola, LLC
Summary:

Relax Grill has leased the open air cafe located within Lake Eola Park for the last five years.  The lease will expire on August 31, 2014 and Relax Grill has requested to renew the term.  Terms of the new lease are detailed in the attached Lease Agreement and summarized as follows: 

Term shall be three (3) years commencing on September 1, 2014 and ending on August 31, 2017.  If the parties agree, the Lease may be renewed for up to two (2) additional terms of one-year (1) each.  Rent for the cafe shall be comprised of base rent of $1276.28 per month and percentage rent of eight percent (8%) of monthly gross sales.  Rent for the office space shall be an additional $210.00 per month.  All rents shall increase five percent (5%) per year.  The City may terminate the Lease at its convenience upon 90 days notice.     
Fiscal & Efficiency Data: Revenue to PKS0007_C Lake Eola Park
Recommended Action:
Approval and authorization for the Mayor/Pro Tem and City Clerk to execute the Lease, substantially in the form attached, and authorization, without further City Council approval, for the Real Estate Division Manager to execute the renewal 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 8/25/2014 3:57 PM
City Clerk 8/25/2014 4:00 PM
ATTACHMENTS:
Name: Description: Type:
Relax_Grill_-_FIS_2014.doc Fiscal Impact Statement Backup Material
Relax_Grill_-_Lease_FINAL_08-05-14.doc Relax Grill - Lease 2014 Backup Material
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