Title
Ground Lease with Eclat Countertops, LLC (Ordinance S-49097)
Description
Request to authorize the City Manager, or his designee, to execute a ground lease with Eclat Countertops, LLC.
Report
Summary
Eclat Countertops, LLC (Tenant), is located at 13 S. 32nd St. Tenant currently leases City-owned property at 3214 E. Jefferson St. (Assessor Parcel Number (APN) 121-21-020). Tenant requests to lease the City owned property at 3218 E. Jefferson St. (APN 121-21-021) for the purposes of storing granite and stone slabs as it relates to Tenant's business.
Contract Term
The term will be for two years, with two one-year options to renew. The options will be exercised at the sole discretion of the Director of Aviation Services.
Financial Impact
Rent for the first year will be approximately $7,612.50 ($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 $30,450, if all options are exercised.
Location
Phoenix Sky Harbor International Airport - 3218 E. Jefferson St.
Council District: 8
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Aviation Department.