Items Types:
Business and Financial Services
For Meeting of:
June 5, 2017
District: 4 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No

Lease of Retail Space at Library Garage (116 E. Central Blvd) to Lake Eola Florist


Lake Eola Florist has operated the florist business located within the Library Parking Garage since 2014.  The Lease expires on June 30, 2017 and the parties desire to enter into a new Lease.

The terms of the Lease will be three (3) years commencing on July 1, 2017, and ending on June 30, 2020.  The Lease may be extended for two (2) additional terms of one (1) year each, in the City’s discretion.  Either party may terminate the agreement upon thirty (30) calendar-days prior written notice.  Rent for the initial term will be $1,398.37 per month/$16,780.44 annually and will increase 5% per year thereafter.  

Fiscal & Efficiency Data: Revenue 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 the 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 (Wes Powell)
Approved By:

Department Date and Time
Budget Outside Routing Approval 5/24/2017 1:10 PM
City Clerk 5/24/2017 3:24 PM

Name: Description: Type:
Lake_Eola_Florist_Library_Garage_Lease_2017_FINAL.doc Lease Agrmt Backup Material
FIS_2017_Lake_Eola_Florist.doc FIS Fiscal Impact Statement

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