CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Business and Financial Services 		For Meeting of:
June 15, 2015
District: 5 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Lease Agreement with 4R Central Kitchen, LLC at City Hall
Summary:

4 Rivers Smokehouse (4R) operates several Central Florida area restaurants and is an experienced food-service provider able to offer quality food and service at reasonable prices.  Although 4R has operated most of its existing restaurants as barbeque smokehouse-style establishments, 4R will modify that approach to provide a wider range of breakfast and lunch choices.  4R has agreed to lease the 1912 square foot café space on the first floor of City Hall under the terms and conditions of the attached Lease. 

The initial Lease term shall be five (5) years and upon mutual agreement of the parties, the Lease may be extended for two (2) additional terms of five (5) year(s) each.  Either party may terminate the lease at its convenience upon one hundred eighty (180) days notice however City shall reimburse 4R a portion of their renovation cost if the City terminates within the first five (5) year lease term.  4R shall pay rent of $750.00 per month or three percent (3 %) of gross sales up to $700,000 (whichever is greater).  Rent shall increase at a rate of three percent (3 %) annually.  4R will renovate the café and City shall provide a rent credit of twenty five percent (25 %) of 4R’s initial expense.  
Fiscal & Efficiency Data:  Revenue to REM0001_C Real Estate Management 
Recommended Action:
Approval and authorization for the Mayor/Pro Tem and City Clerk to execute the Lease Agreement, substantially in the form attached, and authorization, without further City Council approval, for the Real Estate Division Manager to execute the renewal options 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 6/9/2015 12:04 PM
City Clerk 6/9/2015 12:15 PM
ATTACHMENTS:
Name: Description: Type:
BFS_-_Rev_Lease_4R_Kitchens_06-09-15a.docx Lease Agreement Backup Material
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