Title
Authorization to Amend Lease 125301 with The Chinese Senior Citizens Association to Extend the Term (Ordinance S-44109)
Description
Request to authorize the City Manager, or his designee, to amend City Contract 125301 with The Phoenix Chinese Senior Citizens Association to extend the lease term for a two-year period with three additional two-year options. Further request authorization for the City Controller to disburse funds related to this item. Annual base rent during the initial two-year extension is $57,314.76.
Report
Summary
The Human Services Department currently leases approximately 7,762 square feet of interior ground floor space at 734 W. Elm St. for operation of the Phoenix Chinese Senior Center and Senior Citizens Nutrition Program. The City is currently in the final option period of the lease term through Dec. 31, 2017. The lease term will be extended for a two-year period with three additional two-year options. The monthly base rent will be $4,776.23 plus applicable taxes during the initial extension period through Dec. 31, 2019. Base rent will be adjusted to the then-prevailing market rate at the beginning of each option period.
Financial Impact
Annual base rent during the initial two-year extension is $57,314.76.
Concurrence/Previous Council Action
This contract was approved by Ordinance 40380, adopted Nov. 20, 2013.
Location
734 W. Elm St.
Council District: 4
Department
Responsible Department
This item is submitted by Deputy City Manager Deanna Jonovich and the Human Services and Finance departments.