Title
Ground Lease with Eclat Countertops LLC at 3214 E. Jefferson St. (Ordinance S-48245)
Description
Request to authorize the City Manager, or his designee, to enter into a ground lease with Eclat Countertops LLC for 7,680 square feet at 3214 E. Jefferson St. for two years with two one-year options to extend the term that may be exercised at the sole discretion of the Director of Aviation Services. Further request to authorize the City Treasurer to accept all funds related to this item.
Report
Summary
Eclat Countertops LLC is located at 13 South 32nd Street. Tenant requests to lease the City owned property at 3214 E. Jefferson St. (APN 121-21-020) for the purposes of storing granite and stone slabs for Tenant's business. In addition, Tenant may install additional fencing to further secure the site.
Contract Term
The term will be for two years with two one-year options to extend the term that may be exercised at the sole discretion of the Director of Aviation Services.
Financial Impact
Rent for the first year will be approximately $8,064 ($1.05 per square foot) and will be adjusted based on the Phoenix-Mesa-Scottsdale Consumer Price Index. Total anticipated revenue over the term of the lease will be approximately $32,256, if all options are exercised.
Concurrence/Previous Council Action
The Phoenix Aviation Advisory Board recommended City Council approval of this item on Dec. 16, 2021, by vote of 8-0.
Location
3214 E. Jefferson St.
Council District: 8
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Aviation Department.