Title
Authorization to Execute Short-Term License Agreements with Other Government Entities for the Use of Vacant City-Owned Phoenix Bioscience Core Lots for Construction Staging (Ordinance S-51410) - District 8
Description
Request to authorize the City Manager, or his designee, to execute short-term licenses with other government entities for the use of any City-owned Phoenix Bioscience Core (PBC) vacant lot for PBC related construction staging from December 15, 2024, through December 31, 2030. Further request to authorize the City Treasurer to accept all necessary funds related to this item.
Report
Summary
The Community and Economic Development Department (CEDD) regularly receives requests from other government agencies to license City-owned property within the PBC to support ongoing PBC developments on other City-owned property. In consultation and coordination with other government agencies, CEDD will enter into licenses for use of vacant City-owned PBC property in support of those development activities. The license fee will be based on a prorated rental rate of $1 per square foot per year and/or other valuable consideration. Each license may contain other terms and conditions acceptable to the City. There are currently construction staging requests for two parcels located at the southwest corner of 6th Street and Garfield Street, and northwest corner of 5th Street and Fillmore Street; however, other City-owned PBC lots may be the subject of a license depending on need.
Financial Impact
The license fee will be based on a prorated rental rate of $1 per square foot per year and/or other valuable consideration. Fees received would be deposited into CEDD's Genomic Facilities and Operations Fund. This action will have no impact to the General Fund.
Location
Various locations within Phoenix Bioscience Core which is generally bounded by Garfield and Monroe Streets and 4th and 7th Streets.
Council District: 8
Department
Responsible Department
This item is submitted by Deputy City Manager John Chan and the Community and Economic Development Department.