CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Business and Financial Services 		For Meeting of:
June 25, 2018
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 Indmex, Inc for Tropical Smoothie Café located at 63 W. Washington St (Jefferson St. Parking Garage)
Summary:

The Tropical Smoothie Café located inside the Jefferson Street Parking Garage has been in business since 2008.  The Lease expires on June 30, 2018 and the tenant, Indmex Inc, desire to enter into a new Lease.

The initial term of the Lease will be five (5) years commencing on July 1, 2018, and ending on June 30, 2023.  Thereafter the Lease may be extended for five (5) additional terms of one (1) year each, upon mutual agreement. Either party may terminate the agreement upon sixty (60) calendar-days prior written notice. Rent for the first year of the term will be 2,286.54 per month and will increase five percent (5%) per year.  
Fiscal & Efficiency Data: Revenue to PKG0012_C Jefferson St Garage 
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 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 (Legal: Wes Powell)
Approved By:

Department Date and Time
Budget Outside Routing Approval 6/14/2018 11:18 AM
City Clerk 6/14/2018 12:57 PM
ATTACHMENTS:
Name: Description: Type:
Tropical_Smoothie_Cafe_Lease_2018_FINAL(1).doc Tropical Smoothie Lease Backup Material
Tropical_Smoothie_-_Fiscal_Impact_Statement_CAI_06-25-18.doc FIS Fiscal Impact Statement
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